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Summer Holiday Flights Warning as 'Critical Threshold Weeks Away'
Goldman Sachs said Europe’s jet fuel inventories could fall below a critical 23-day threshold, with the U.K. most at risk because of heavy imports.
- Goldman Sachs warned the UK faces a jet fuel shortage risk in June, projecting Europe's commercial aviation fuel reserves will fall beneath the International Energy Agency's critical 23-day benchmark.
- Iran's continued closure of the Strait of Hormuz has disrupted global oil supplies, driving up prices and straining refinery outputs for aviation fuel worldwide.
- Airlines have removed two million seats from global schedules, with Lufthansa and Turkish Airlines implementing significant flight reductions to manage fuel costs and availability.
- Transport Secretary Heidi Alexander confirmed no immediate supply issues, while the government authorized airlines to consolidate flights to maintain service efficiency and passenger connectivity this summer.
- Analysts warn Europe could reach a critical fuel threshold in June, with experts suggesting potential rationing if the supply chain remains interrupted throughout the summer months.
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UK Jet Fuel Rationing Risks Emerge As Goldman Warns Of “Extreme Physical Tightness”
UK Jet Fuel Rationing Risks Emerge As Goldman Warns Of “Extreme Physical Tightness” Brent crude futures briefly tumbled below $100 a barrel on Wednesday morning after an Axios report indicated the Trump administration and Tehran were working toward a one-page memorandum of understanding to end the war and reopen the Strait of Hormuz. Still, any...
Europe’s jet fuel supplies should fall below the key 23-day shortage threshold in June, so plan your travel accordingly
Europe, Asia, and Africa all face potentially dire jet fuel shortages. "There is little doubt there is going to be a disaster,” says one economist.
·New York, United States
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Coverage Details
Total News Sources12
Leaning Left2Leaning Right2Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 22%
C 56%
R 22%
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