Search
What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
## Jet Fuel Supply Disruption
Europe is grappling with a significant jet fuel shortage due to a halt in shipments from the Middle East. This disruption is attributed to ongoing regional conflicts and the closure of crucial shipping routes.
## Impact on Aviation
The timing of this supply interruption is particularly concerning as it coincides with the peak summer travel season. European countries, part of the OECD, consume around 1.6 million barrels of jet fuel and kerosene daily. However, local refineries only produce about 1.1 million barrels, creating a shortfall of 500,000 barrels that typically relies on imports.
## Dependency on Middle Eastern Imports
Historically, Europe has depended heavily on the Middle East for jet fuel, with the region supplying approximately 60% of Europe's external imports last year. This reliance makes Europe vulnerable to disruptions in Middle Eastern supply chains.
## Rising Prices and Potential Shortages
Jet fuel prices have surged past $200 per barrel as inventories remain tight. Although airlines and suppliers have minimized immediate concerns, the International Energy Agency has warned of potential shortages by June if Europe cannot secure alternative supplies to replace the lost Middle Eastern imports.
Leave your details and get a guide as a gift to avoid mistakes
Share article