Aviation Fuel
Repsol plans to boost jet fuel output as Iran war disrupts global supply
The company expects to produce between 560,000 and 570,000 barrels of oil equivalent per day (boed) in 2026, which could increase, depending on improvement in Venezuela.
Australian foreign minister says China has agreed to cooperate on jet fuel exports
Australia, which imports most of its fuel, has experienced localized shortages since the Middle East conflict that began in February.
Europe's jet fuel imports from Middle East stop, raising supply crunch fears
European countries that are part of the Organization for Economic Co-operation and Development grouping of industrialized nations consume about 1.6 MMbpd of jet fuel and kerosene, while regional refineries produce only around 1.1 MMbpd, leaving a shortfall of at least 500,000 bpd that imports must cover.
Asia deepens refining cuts due to Iran war, putting diesel and jet fuel supplies at risk
Asia, which accounts for 37% of global refining output and ordinarily sources two-thirds of its crude from the Middle East, has been hardest-hit by the closure of the Strait of Hormuz, with run cuts at refiners in the region exacerbating tight fuel supply and keeping prices elevated.
Europe's response to the Iran war energy crunch
Central to the EU proposals is a focus on reducing reliance on oil and gas, to cushion against future fossil fuel supply disruptions and price spikes.
Spain says it would actively participate in potential EU jet fuel sharing
The U.S.-Israeli war with Iran and Tehran's retaliation have sparked a supply crisis, with European airlines calling on the EU to deploy emergency measures to address growing concerns over jet fuel shortages.
China curtailing, not banning fuel exports, shipping data shows
The export cut has been deeper in April than it was in March, according to tanker tracker Vortexa, with shipments of diesel, jet fuel and gasoline to destinations other than Hong Kong totaling 320,000 metric tons in the first two weeks of this month - just a sixth of year-earlier levels.
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