EU says jet fuel market to get tighter if Hormuz situation does not improve
4 Articles
4 Articles
"If the situation does not improve in the coming weeks, if the Strait does not reopen, the markets are expected to become more and more pressured," says the Energy Directorate-General of the Community executive.
While the war in Iran, and the consequent closure of the Strait of Hormuz, struggles to find an end, from the European Union comes a new alarm for the fuel for aircraft: "If the situation in the Middle East does not improve in the next few weeks, restrictive conditions are expected of the markets, in particular for the jet fuel. It is emerged from the meeting of the coordination group on oil that took place on 27 May in Brussels, in which it was…
EU says jet fuel market to get tighter if Hormuz situation does not improve
BRUSSELS, May 28 (Reuters) – The market for jet fuel in the European Union could get tighter if the situation in the Strait of Hormuz does not improve within weeks, said the European Commission on Thursday. The European Commission’s energy department issued an update on Thursday following the latest meetings of its oil and gas co-ordination groups. “The Oil Coordination Group signalled that the closure of the Strait of Hormuz impacts b…
EU says jet fuel market could become more tense due to Strait of HormuzThe European Commission predicts tensions in the jet fuel market due to the situation in the Strait of Hormuz. Currently, prices in the EU are rising without physical disruptions in supply.
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