US EditionEurope has ‘maybe 6 weeks of jet fuel left,’ energy agency head tells AP
Fatih Birol warned that blocked supplies could trigger cancellations soon and push fuel prices higher, with Europe holding about 6 weeks of jet fuel left.
- On Thursday, IEA Executive Director Fatih Birol warned that Europe has "maybe 6 weeks or so jet fuel left," cautioning that flight cancellations are likely if oil supplies remain blocked near the Strait of Hormuz.
- Birol described the supply disruption as "the largest energy crisis we have ever faced," stemming from the blockage of oil and gas through the Strait of Hormuz carrying major global economic implications.
- The crisis will cause "higher petrol prices, higher gas prices, high electricity prices," with some world regions "hit worse than the others" as Asian countries serve as the immediate front line.
- Japan, Korea, India, China, Pakistan, and Bangladesh face the initial impact, but energy pressures will eventually spread to Europe and the Americas, according to the International Energy Agency chief speaking from Paris.
- Prolonged supply issues will worsen global inflation and impede economic growth, creating what Birol calls a "Dire Straits," with significant long-term consequences for the world economy.
268 Articles
268 Articles
Europe Discovered Too Late That It, Too, Can Run Out of Jet Fuel
The warning came first from outside Brussels. The head of the International Energy Agency, Fatih Birol, said this week that Europe has “perhaps six weeks” of aviation jet fuel reserves left if the Strait of Hormuz remains blocked. Shortly afterwards, the European Commission itself, which had spent days insisting there was no immediate problem, acknowledged that aviation fuel has become “the main concern.” The sequence looks all too familiar from…
IEA Chief warns of kerosene scarcity and flight failures in Europe within six weeks.
Airlines adjust as Europe's jet fuel supply shrinks
ALBAWABA - According to the International Energy Agency, Europe may only have a short window of jet fuel supply left since continuous interruptions to international energy channels continue to have an impact on markets...
One third of kerosene imports from the Gulf expire in April, while US deliveries prevent worse. Airlines in Europe are preparing emergency plans.
Europe has 'maybe six weeks' of jet fuel amid Hormuz blockade, IEA chief says
Europe had not fallen below 29 days of jet fuel cover since 2020, but some countries are now under 20. Airlines are cutting flights, raising fees and trimming routes as officials warn shortages could disrupt peak summer travel if supplies through the Strait of Hormuz remain blocked
Europe Has ‘Maybe 6 Weeks’ of Jet Fuel Left, IEA Boss Says
International Energy Agency (IEA) Executive Director Fatih Birol said on April 16 that Europe has “maybe 6 weeks or so [of] jet fuel left,” due to supply issues caused by the ongoing U.S.–Israeli war with Iran. Briol warned that flight cancellations could occur soon if oil flows remain stymied by the restrictions in the Strait of Hormuz, through which a fifth of the world’s oil passes. If the Strait of Hormuz isn’t reopened, he said that for Eur…
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