jet fuel

Europe’s fuel crisis spreads to jet fuel amid winter fears

Europe's deepening fuel crisis has now expanded beyond diesel into jet fuel, with analysts warning of a supply shortfall that could reach 510,000 barrels per day in the fourth quarter, even as other regions sit on surpluses. The squeeze comes…

Global diesel squeeze deepens as refinery disruptions slash supply ahead of winter

The world's refined oil product markets are heading into winter under mounting strain, as refinery disruptions from the wars in Iran and Ukraine collide with seasonal demand and dwindling inventories. The International Energy Agency warned in its September report that…

AirBaltic files for Chapter 11 in New York amid Iran war fuel crisis

Latvia's airBaltic filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York on Monday, seeking to restructure approximately $583 million in funded debt and finance lease liabilities while keeping its flights in…

Dangote refinery runs at capacity supplying Europe amid Iran war

Africa's largest oil refinery is running flat out and flooding European markets with diesel and jet fuel as the Iran conflict continues to upend global energy supply chains, with its leadership warning that fuel shortages will persist long after the…

Boeing says Gulf airlines aren’t deferring jet orders despite Iran war

The months-long closure of the Strait of Hormuz has created a cascading fuel crisis for global aviation, forcing airlines to scramble for alternative jet fuel supplies as the disruption from the U.S.-Israeli war on Iran extends into its sixth month.

Hormuz closure fuels record refining profits as airlines scramble for jet fuel

The months-long closure of the Strait of Hormuz has carved roughly 5 million barrels per day out of global refining output, sent margins to record highs, and left airlines scrambling for jet fuel — a cascade of disruptions that the…

Japan Airlines profit plunges 80% as fuel crisis batters global carriers

The global aviation industry is buckling under the weight of surging jet fuel costs, with carriers from Tokyo to Fort Worth reporting sharply weaker earnings even as passenger demand holds and revenues climb to record levels. The crisis, rooted in…

Ryanair profits drop 34% as Iran war drives up fuel costs

Ryanair reported a 34% drop in pre-tax profits to €593 million for the April-June quarter, as the ongoing Middle East conflict involving Iran dampened consumer travel demand and pushed jet fuel prices higher, the airline said on Monday.

Analysts warn weaker European airlines face failures as Iran war keeps fuel costs elevated

Europe's financially weaker airlines are staring down the prospect of bankruptcies and forced consolidation as the war in Iran continues to push jet fuel prices higher and disrupt key air corridors, straining an industry already battered by years of pandemic-era…

BP’s Spanish refinery boosted jet fuel output 30% to avert Europe’s supply crisis

When the United States and Israel began striking Iran in late February, Paco Quintana, who runs BP 's Castellón refinery on Spain's east coast, knew what it meant for Europe's summer travel season. Middle Eastern refineries normally supply a quarter…

Airlines still face fuel shortages, route chaos despite Hormuz reopening

The global airline industry continues to grapple with fuel supply constraints and network disruptions tied to the Middle East conflict, even as diplomatic progress offers a glimmer of hope for recovery, according to Aviation Week.

IATA: global air passenger demand fell in May amid Middle East war

Global air passenger demand dropped 2.2% year-on-year in May 2026, marking a second consecutive month of contraction as the war in the Middle East continued to weigh on the aviation industry, according to data released Monday by the International Air…