Europe is bracing for potential jet fuel shortages in the coming months as inventory levels in key regions remain critically low, despite increased imports from Asia and other major suppliers. The jet fuel reserves in Amsterdam, Rotterdam, and Antwerp have plummeted to their lowest in seven years, as of the week ending September 10, raising concerns about a supply deficit.
Industry analysts predict that Europe could face a shortfall of approximately 510,000 barrels per day in the fourth quarter of this year. Meanwhile, the Swedish Energy Agency has affirmed that while gasoline and diesel supplies remain stable, jet fuel could encounter short-term supply challenges in Europe, including Sweden.
In response to the impending deficit, imports from Asia have surged, with Europe receiving around 129,000 barrels per day in September. This influx, alongside supplies from Canada, Nigeria, and the United States, has somewhat alleviated the immediate risk of shortages, but long-term concerns persist.
The situation is further complicated by geopolitical tensions impacting global energy markets. Ongoing conflicts in the Middle East have disrupted oil and fuel supplies, adding pressure to the region’s energy infrastructure. In particular, attacks on energy facilities in Saudi Arabia have contributed to rising oil and gas prices across Europe.