Commodity Tracker: 5 charts to watch this week

Nov 25 05:11 2019 Print This Article

In this week’s pick of energy and commodity charts, Asian jet fuel suppliers feel the pinch from Hong Kong’s weak demand as protests in the city persist. Plus: Fujairah stocks and IMO 2020, global gas exporters meet in Equatorial Guinea, and more.

1. Hong Kong unrest causes jet fuel demand to nosedive

 

What’s happening? Prolonged political protest in Hong Kong appears likely to continue taking a heavy toll on the city’s oil consumption. Aviation fuel demand in particular has trended sharply lower in recent months, on faltering air passenger and cargo traffic volumes. Hong Kong has been gripped by social unrest since June, with protests prompting a major airport shutdown on August 12. Aircraft activity, freight and passenger figures all sharply fell in October as the demonstrations intensified, data from the Airport Authority of Hong Kong showed. Freight volumes fell 5.6% on year to 419,000 mt in October, for a seventh consecutive month of decline.

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The Barrel

S&P Global Platts provides market insights so people can make more informed trading and business decisions.. They're the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to their expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture and shipping. S&P Global Platts provides critical information for the commodities & energy markets to make physical commodity markets more transparent and efficient. S&P Global Platts blog, The Barrel, provides the essential perspective on global commodities.

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