EconomyLens.com
No Result
View All Result
Tuesday, June 23, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Other

EU opens door to using US jet fuel as shortages loom

Thomas Barnes by Thomas Barnes
May 10, 2026
in Other
Reading Time: 8 mins read
A A
2
34
SHARES
428
VIEWS
Share on FacebookShare on Twitter

The US-Israeli war with Iran and the closure of the Strait of Hormuz have sent aviation fuel prices soaring and raised the spectre of shortages during Europe's peak travel season. ©AFP

Brussels (Belgium) (AFP) – How big is the jet fuel threat to Europe’s summer holidays? The EU says it is not facing shortages yet, but it is readying for the worst — and weighing options including using US kerosene as a back-up. The US-Israeli war with Iran and the closure of the Strait of Hormuz have sent aviation fuel prices soaring and raised the spectre of shortages during Europe’s peak travel season.

Related

Tech drags down world stocks, oil dips on supply hopes

Tech names drag down world stocks, oil dips on supply hopes

Seoul leads rout for tech shares as oil prices dip

UK and markets await Burnham’s economic plans

Seoul’s Kospi stock index tanks 10% to lead tech-fuelled Asia rout

On Friday, the EU Aviation Safety Agency (EASA) cleared the way for the use of Jet A, a US-produced aviation fuel that is not currently used in Europe except on return flights from the United States for technical reasons. In new recommendations, EASA said: “A potential introduction of Jet A in Europe or in other parts of the world would not generate safety concerns provided that its introduction is properly managed.” US-produced Jet A has a higher freezing point than the Jet A‑1 fuel used elsewhere in the world — making it less resistant to very low temperatures during long-haul flights. The EASA conditioned its use, warning that its introduction into a system historically running on Jet A‑1 could see “operational” risks when both fuels are used.

At the same time, the European Commission outlined measures available to member states to optimise jet fuel use, including aircraft loading and the allocation of airport slots.

– What about Europe’s jet fuel stocks? –

Brussels has repeatedly insisted the 27-nation EU is not yet facing jet fuel shortages. “At this stage, this is more a problem of economics and fuel costs than availability,” Matteo Mirolo, an aviation transport specialist, told AFP. But “we do have to think about supply, especially as this will not be the last crisis we face.” Before the Middle East war, around 20 percent of the kerosene consumed in Europe transited through the Strait of Hormuz that has been effectively closed by the conflict. As prices have surged, several airlines, particularly low-cost carriers, have announced flight cancellations. If the crisis drags on, Brussels is preparing for possible “security of supply issues,” EU energy commissioner Dan Jorgensen said Tuesday. “We are not there yet, but it can happen,” Jorgensen said.

The commission said last week it would establish a “fuel observatory” to track EU production, imports, exports, and stock levels of transport fuels. It is expected to be up and running in the coming days. Until now, the EU has lacked a detailed overview of strategic fuel stocks across member states. European legislation requires countries to hold oil stocks equivalent to 90 days of net imports and 61 days of domestic consumption, but does not distinguish between different products such as petrol, diesel, or jet fuel. A commission source said some countries, such as Ireland, are more at risk due to a lack of refining capacity, while others, including Finland, appear better prepared. The same source also voiced concern that some airlines may be using the crisis as an opportunity to drop unprofitable routes.

– What has the EU announced? –

The commission on Friday clarified the rules for governments and airlines on which existing tools can be deployed to ensure jet fuel is used as efficiently as possible and at the lowest possible cost. It also eased rules restricting “tankering,” the practice of aircraft carrying more fuel than necessary to avoid buying more expensive fuel at other airports. And Brussels confirmed there would be temporary flexibility on airport slots to prevent airlines that exceptionally give up slots because of high fuel costs from being penalised in future slot allocations.

On the sensitive subject of passenger rights, the EU said airlines may be exempt from paying customers compensation if they can prove a cancelled flight was due to “extraordinary circumstances,” like a local fuel shortage. If the crisis drags on, the EU is considering coordinated action by member states to release emergency stocks and voluntarily share jet fuel themselves. In the longer term, Brussels is also stressing the need to develop non‑fossil sustainable aviation fuels (SAF).

© 2024 AFP

Tags: aviationenergy crisisfuel prices
Share14Tweet9Share2Pin3Send
Previous Post

Poland signs 44-bn-euro EU defence loan deal to modernise military

Next Post

US job growth consolidates gains, beating expectations in April

Thomas Barnes

Thomas Barnes

Related Posts

Other

EU bets on digital euro to cut US tech addiction

June 23, 2026
Other

Stocks fluctuate after Wall St sell-off, crude holds losses on peace talks

June 22, 2026
Other

Oil falls as US waives Iranian sanctions and Nasdaq tumbles

June 22, 2026
Other

IMF director says Iran war fallout creating ‘difficult moment’ for Africa

June 22, 2026
Other

Oil falls as US waives Iranian crude sanctions

June 22, 2026
Other

Alan Greenspan: longtime Fed chief with a divided legacy

June 23, 2026
Next Post

US job growth consolidates gains, beating expectations in April

German sports car maker Porsche to cut 500 jobs

US job growth beats expectations but consumer confidence at all-time low

Selling factories to Chinese partners: risky road for European carmakers

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
2 Comments
Oldest
Newest Most Voted
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

103

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Tech names drag down world stocks, oil dips on supply hopes

June 23, 2026

Seoul leads rout for tech shares as oil prices dip

June 23, 2026

Germany eyes longer working lives in pension reform plan

June 23, 2026

Heineken names new CEO after predecessor’s shock departure

June 23, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.