jet fuel, and airlines
Digest more
Europe faces jet fuel shortages as the Middle East supply is cut off. Airlines may have to cut flights and raise fares ahead of peak summer travel.
Concerns over a growing shortage of jet fuel on the continent have raised fears about potential flight cancellations if things don’t improve.
The Iran war has caused a mess throughout the entire oil market, but jet fuel is a particular point of pain, and Europe has been hit the hardest of all.
Many people across Central New York are getting ready for summer trips to Europe, but a jet fuel shortage is raising concerns. The closure of the Strait of Hormuz, a
Airlines warn flights could be disrupted within weeks as Europe’s fuel system strains under competing military and commercial demand.
This summer is shaping up to be an expensive and uncertain time to fly, especially if you’re planning a European vacation. Volatile fuel prices because of the war in Iran are straining airlines around the world,
Europe has “maybe 6 weeks or so (of) jet fuel left,” the head of the International Energy Agency Fatih Birol said Thursday in a wide-ranging Associated Press interview, warning of possible flight cancellations “soon” if oil supplies remain blocked by the Iran war. (AP video shot by: Nicolas Garriga and Oleg Cetinic / Production: Jeffrey Schaeffer)
OilPrice.com on MSN
Europe Faces Summer Jet Fuel Crisis as Iran War Slashes Supply
Long-term refinery closures and rising import dependence have left Europe highly exposed, with limited alternatives and growing competition from Asia.
Europe's airports have welcomed AccelerateEU, the European Commission's response plan to the energy crisis triggered by the conflict in the Middle East, according to a statement from ACI Europe. The plan outlines measures aimed at safeguarding the continued availability of jet fuel across the European airport network.
9don MSN
Europe could run out of jet fuel in 6 weeks — throwing flights into chaos in time for summer
Europe has “maybe six weeks or so” of jet fuel left before it’s forced to start canceling flights, if oil supplies remain blocked by the Iran war — just in time for summer vacation, the head of the International Energy Agency warned on Thursday.
California’s refinery closures near Los Angeles and San Francisco are occurring just as the Iran war limits global supply.
CEO planning to address how capital and infrastructure alignment can support resilient fuel supply, enabling faster,