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Europe’s Fuel Crisis Spreads From Diesel to Jet Fuel
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Europe is reeling from a diesel supply crunch, and now another squeeze is looming on the horizon, as jet fuel supply tightens ahead of the final quarter of the year. Per Energy Aspects, the shortfall in jet fuel supply for Europe next quarter could reach 510,000 barrels daily, Reuters reported today, adding that the consultancy sees a jet fuel surplus of 18,000 barrels daily in the United States and a larger 419,000-bpd surplus in the Asia-Pacific. The tighter supply situation in jet fuel comes as European stocks of the commodity dwindle to the…
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