Downward pressure on world jet fuel prices, global tourism outlook slashed

Jet fuel prices have risen around 20% since the start of 2009, while the underlying crude price has soared 51%. The reason jet fuel prices have lagged the underlying crude price rise is that the market does appear to be reacting to the fundamentals for once: demand for jet fuel remains very weak. [368 words]

CAPA Members Login Username: Password: Remember details

Instantly get access to this article now for USD15.00. or If you've already bought this article, you can view it by typing your Article Key:

This report contains the following subheadings:

• Another downwards revision to global tourism forecast
• Jet fuel prices mixed in week rounding off June

This report contains the following charts and tables:

• Daily jet fuel prices (kerosene, cents per gallon) at New York, US Gulf Coast, Los Angeles, Amsterdam, Singapore vs Crude Spot price (WTI, USD per barrel): 23-Jun-09 to 30-Jun-09
• Daily jet fuel prices (kerosene, cents per gallon) at New York, US Gulf Coast, Los Angeles, Amsterdam, Singapore: 02-Dec-08 to 30-Jun-09