Accelerated refinery closures over the past decade and increased dependence on kerosene from the Middle East have once again exposed the vulnerability of Europe’s energy supply. For years, European consumers have had to deal with last-minute strikes by ground staff and cabin crew during the peak summer travel season. This year, the strikes may be…
Rising jet fuel prices have hit the profitability of airlines, which have begun raising airfares and suspending flights to contain the fallout from the war with Iran, which has more than doubled jet fuel prices over the past month. Supplies of oil and jet fuel are limited because crude oil and petroleum products are trapped…
Europe’s gasoline exports have increasingly begun to shift toward Asia in recent weeks as the crude supply shock in the Middle East is tightening Asian fuel supplies. Europe typically sends most of the gasoline it exports to the United States, West Africa and South America. But in these unusual times of the biggest ever disruption…
