Europe has only six weeks’ supply of jet fuel left owing to Iran war, says energy chief
IEA chief warns of imminent flight cancellations across Europe as Middle East conflict depletes critical jet fuel reserves.
IEA chief warns of imminent flight cancellations across Europe as Middle East conflict depletes critical jet fuel reserves. | Contesto: cronaca
Punti chiave
- Europe has only six weeks’ supply of jet fuel left owing to Iran war, says energy chief
Contesto
The executive director of the International Energy Agency, Fatih Birol, issued a stark warning on Tuesday that Europe is facing a severe jet fuel shortage, with current reserves expected to last only six more weeks. The crisis, he stated, is a direct consequence of disrupted oil supplies from the Middle East stemming from the ongoing conflict involving Iran. Birol cautioned that flight cancellations across the continent would begin "soon" if the flow of crude oil is not restored within the coming weeks. The warning highlights the fragile state of Europe's energy security and its acute vulnerability to geopolitical shocks in the Persian Gulf, a critical transit route for global oil shipments. The International Energy Agency, a Paris-based intergovernmental organization, serves as the principal energy advisor to its member states, which include most major European economies. Birol's public statement represents an unusually direct and urgent alert from an institution typically focused on long-term market analysis and strategic stockpile coordination. Jet fuel, a refined petroleum product, is the lifeblood of the aviation sector, and its supply chain is highly sensitive to crude oil availability. The current shortfall is not a result of insufficient refining capacity in Europe but of a looming scarcity of the crude feedstock needed to produce it. The conflict has choked off shipments, forcing European refineries to draw down existing inventories at an unsustainable rate. This situation leaves airlines and airports with little buffer, as commercial entities typically hold only days of fuel on-site, relying on a constant just-in-time delivery system from regional storage hubs. The implications for the travel industry and the broader European economy are severe. Widespread flight cancellations would disrupt business travel, tourism, and cargo logistics, dealing a significant blow to economic activity still recovering from previous shocks. Airlines, already operating on thin margins, would face massive operational and financial strain. The potential for cascading effects is high, impacting airport operations, related service industries, and consumer confidence. The...
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Categoria: cronaca