As global energy markets face turmoil due to geopolitical tensions, Europe is bracing for a potential shortage of jet fuel. Despite increasing imports from Asia, Canada’s contribution, and supplies from Nigeria and the United States, regional stocks remain precariously low. The situation is exacerbated by disruptions in the Middle East and recent attacks on Saudi Arabian energy infrastructure, which have driven oil and gas prices higher.
In the week ending September 10, jet fuel reserves in key European hubs—Amsterdam, Rotterdam, and Antwerp—dropped to their lowest levels in seven years. Analysts are forecasting a deficit that could reach 510,000 barrels per day in the fourth quarter of this year, underscoring the fragility of Europe’s energy supply chain.
While the Swedish Energy Agency maintains that supplies of gasoline and diesel remain stable, it acknowledges the potential for short-term constraints on aviation fuel. This comes as Europe intensifies its reliance on Asian imports, which surged to approximately 129,000 barrels per day in September, in an effort to buffer against supply shortages.
The effects of Middle Eastern conflicts on global energy supply chains are adding to the pressure faced by European markets. With energy infrastructures being targeted, the ripple effect is felt in increased costs for oil and gas, straining Europe’s ability to maintain adequate jet fuel supplies despite its diversified import strategy.