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Europe Readies Jet‑Fuel Supply to Avoid Summer Shortage

Financial Times Companies •
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European airlines and oil refiners say the summer jet‑fuel crunch can be averted. Repsol has raised production by 20‑25 % this year, reconfiguring plants to squeeze more kerosene per barrel. Airlines such as British Airways and Air France claim enough suppliers and reserves to run full schedules for the next season without disruption.

Jet‑fuel prices surged to a record $1,904 per tonne in early April, more than double the pre‑crisis level, according to Argus Media. Yet strategic reserves and increased imports from the US and Nigeria have cushioned demand. An analyst estimates that higher refinery yields could add roughly 100,000 barrels a day, about 20 % of former Middle‑East imports.

Repsol’s move comes after the IEA warned in April that Europe might have only six weeks of fuel left. Airlines have trimmed unprofitable short‑haul routes, easing second‑quarter demand by about 2 %. Still, traders warn the summer will test energy security; a small shift could trigger wide‑ranging problems for the industry and investors to watch closely.

Strategic inventory releases are expected to cover about 34 % of Europe’s jet‑fuel deficit in 2025, while imports from additional suppliers fill the rest. With no major disruptions anticipated, the continent’s airlines and refiners appear to have secured a buffer. The sector’s ability to pivot production will dictate resilience in future crises for global aviation markets.