US EditionSweden issues "early warning" of potential jet fuel shortage
Officials said current supplies are adequate, but a prolonged disruption could force rationing of aviation fuel and raise prices across the market.
- On Tuesday, Energy Minister Ebba Busch warned that Sweden faces a potential jet fuel shortage stemming from Middle East war disruptions, based on a Swedish Energy Agency assessment.
- A two-month Middle East war shut the Strait of Hormuz, cutting global oil supply by 20% and pushing crude prices to over $100 a barrel, affecting European Union fuel markets.
- Energy Agency Director General Caroline Asserup noted current supplies remain adequate but warned that price fluctuations may prompt airlines to cancel flights for commercial reasons.
- Authorities warned that in a worst-case scenario Sweden could face aviation fuel rationing, though Prime Minister Ulf Kristersson noted the nation remains less affected than others due to fossil-fuel-free electricity.
- Restoring oil supplies would take considerable time even after a peace deal, Busch cautioned; Sweden's considerable refinery capacity using North Sea oil provides a buffer against immediate supply shocks.
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27 Articles
The assessment carried out by the Swedish Energy Agency does not, for the time being, address the need for urgent measures.
Ryanair boss says risk of jet fuel shortage in Europe receding
Ryanair RYA.I group CEO Michael O’Leary said the risk of a jet fuel supply shortage in Europe due to the Middle East conflict is receding and that fuel companies have told the airline they see no risk of potential disruption until the end of June. But he predicted that rival European airlines would suffer as Ryanair uses its strong fuel hedging position to push down fares. O’Leary warned at the start of April that jet fuel supply to Europe could…
Malay Mail
AlKhaleej TodaySweden issues ‘early warning’ of potential jet fuel shortage
STOCKHOLM, April 28 —Sweden has given notice of a potential shortage of jet fuel stemming from the war in the Middle East, Energy Minister Ebba Busch said today.A two-month war in the Middle East has shut the Strait of Hormuz and cut the global oil supply by 20 per cent in the world’s biggest-ever supply disruption, pushing up crude prices to well over US$100 (RM395) a barrel. The Swedish government said that there was currently a good supply …
The Swedish government has issued an early warning on Tuesday about the risk of a shortage of jet fuel in Europe. This was announced by the country's Minister of Energy and Business, Ebba Busch, at a press conference, according to the Swedish...
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