Europe’s Fuel Crunch Deepens as Jet-Fuel Shortage Joins Diesel Pain

1 min read
Source: Crude Oil Prices Today | OilPrice.com
Europe’s Fuel Crunch Deepens as Jet-Fuel Shortage Joins Diesel Pain
Photo: Crude Oil Prices Today | OilPrice.com
TL;DR

Europe is facing a widening fuel crunch as jet-fuel shortages loom for Q4, with Energy Aspects forecasting a 510,000 barrels-per-day deficit and European jet-fuel stocks at their lowest since 2019; South Korea has become Europe’s largest jet-fuel supplier, while gasoline and diesel prices reach record highs and threaten eurozone inflation. The disruption follows Saudi Arabia canceling October cargoes after Houthi attacks, underscoring ongoing supply fragility, and analysts warn that diesel production gains could squeeze gasoline later.

Share this article

Want the full story? Read the original reporting

Read on Crude Oil Prices Today | OilPrice.com