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'Jet fuel shortage' latest as EasyJet says 'we will be in touch'
- On Tuesday, Transport Commissioner Apostolos Tzitzikostas announced the European Commission will present measures Wednesday to address jet fuel supply risks amid soaring energy prices from Middle East production disruptions.
- About 20 percent of aviation fuel consumed in the 27-nation EU relies on imports via the Strait of Hormuz, a critical shipping lane disrupted since strikes against Iran on February 28.
- While saying there is no evidence of "actual shortages" currently, Tzitzikostas noted stocks are "under pressure," and the bloc is working to secure Type-A jet fuel from the United States.
- Logistics firm DHL has assured supply through June, though CEO Tobias Meyer noted "what happens beyond is hard to forecast," as ministers discuss guidance on airport slots and passenger rights.
- Facing the upcoming Northern Hemisphere summer travel season, the Council Presidency is considering "possibility" scenarios for shortages, including potential minimum stock obligations for member states to prevent future shocks.
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42 Articles
42 Articles
European Commissioner for Transport ensures timely monitoring of the situation in the Middle East.The closure of the Strait of Ormuz by Iran already pushes prices across Europe.
·Portugal
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The Local - It+5 Reposted by 5 other sources
'We must be ready': EU to lay out its plan to deal with jet fuel crisis
The European Union said on Tuesday that it was considering importing more jet fuel from the US and requiring member states to hold minimum reserves as the Middle East war squeezes supplies. Brussels will lay out a series of measures on Wednesday.
·Italy
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On Wednesday, the European Commission must present a series of measures to deal with the energy crisis caused by the war in the Middle East.
Coverage Details
Total News Sources42
Leaning Left9Leaning Right4Center3Last UpdatedBias Distribution56% Left
Bias Distribution
- 56% of the sources lean Left
56% Left
L 56%
C 19%
R 25%
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