{"id":137990,"date":"2026-04-16T18:03:00","date_gmt":"2026-04-16T18:03:00","guid":{"rendered":"https:\/\/chezaspin.com\/blog\/europe-has-maybe-six-weeks-of-jet-fuel-left-energy-boss-warns\/"},"modified":"2026-04-16T18:03:00","modified_gmt":"2026-04-16T18:03:00","slug":"europe-has-maybe-six-weeks-of-jet-fuel-left-energy-boss-warns","status":"publish","type":"post","link":"https:\/\/chezaspin.com\/blog\/europe-has-maybe-six-weeks-of-jet-fuel-left-energy-boss-warns\/","title":{"rendered":"Europe has \u2018maybe six weeks of jet fuel left\u2019, energy boss warns"},"content":{"rendered":"

PARIS, Apr 16 \u2013 Europe has \u201cmaybe six weeks of jet fuel left\u201d, the head of the International Energy Agency (IEA) has warned.<\/strong><\/p>\n

Stocks would reach a tipping point in June if Europe was unable to replace at least half of its imports from the Middle East, the organisation said in a report this week.<\/p>\n

The Strait of Hormuz, a key route for jet fuel out of the Gulf, has been effectively closed by Iran for more than six weeks in response to US and Israeli attacks, sending the price rocketing and prompting fears of shortages.<\/p>\n

IEA executive director Fatih Birol told AP there could soon be flight cancellations if supplies remained blocked.<\/p>\n

In its monthly oil market report, the agency \u2013 which advises 32 member countries on energy supply and security \u2013 said exports from the Gulf region were the largest source of jet fuel to the global market.<\/p>\n

Refineries in other major exporting countries, such as Korea, India and China were themselves highly dependent on crude oil imports from the Middle East.<\/p>\n

As a result, the crisis \u201chas thrown a proverbial wrench into the inner workings of the aviation fuel markets\u201d, it said.<\/p>\n

In the past, Europe has relied on the Middle East for about 75% of its jet fuel imports, the IEA noted.<\/p>\n

At the moment, European countries are scrambling to replace supplies from the Gulf with imports from elsewhere. Analysts say this is coming from the US and Nigeria.<\/p>\n

The IEA said there had been a rapid acceleration in US jet fuel exports in recent weeks.<\/p>\n

However, it warned in its report that even if these shipments were all destined for Europe, they would only replace a little over half of the lost supplies.<\/p>\n

Analysing different scenarios, it said that if Europe was unable to replace more than 50% of its Middle Eastern imports, \u201cphysical shortages may emerge at select airports, resulting in flight cancellations, and demand destruction\u201d.<\/p>\n

If three-quarters of supplies could be replaced, the same situation could still arise, but not until August.<\/p>\n

\u201cConsequently, for now, it would appear that European markets will need to work harder to attract further replacement cargoes from elsewhere if sufficient inventory is to be maintained over the summer months,\u201d it said.<\/p>\n

Amaar Khan, head of European jet fuel pricing at Argus Media, believes that even if supplies from the Gulf resume in the near future, there could still be shortages in the run-up to the summer travel peak.<\/p>\n

\u201cIt\u2019s not a certainty, but still, it\u2019s looking more and more likely that there will be a shortage of some extent in some areas of Europe.<\/p>\n

\u201cOf course, somewhere like Heathrow is probably going to be prioritized over other smaller airports, or smaller demand hubs. But yes, even if that supply does come on, it will take five to six weeks,\u201d he said.<\/p>","protected":false},"excerpt":{"rendered":"

PARIS, Apr 16 \u2013 Europe has \u201cmaybe six weeks of jet fuel left\u201d, the head of the International Energy Agency (IEA) has warned. Stocks would reach a tipping point in June if Europe was unable to replace at least half of its imports from the Middle East, the organisation said in a report this week. […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-137990","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/137990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/comments?post=137990"}],"version-history":[{"count":0,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/137990\/revisions"}],"wp:attachment":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/media?parent=137990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/categories?post=137990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/tags?post=137990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}