๐Ÿšจ EUROPE FACES JET FUEL SHORTAGE! โœˆ๏ธ๐Ÿ›ข๏ธ

Europe is heading toward a 510,000 barrels/day jet fuel deficit in Q4, despite increasing imports from distant suppliers.

๐Ÿ“‰ Europe deficit: 510K bpd
๐Ÿ‡ฐ๐Ÿ‡ท South Korea โ†’ Europe: 129K bpd in September
๐Ÿ“ฆ Korean shipments: highest since Oct. 2022
๐Ÿ›ข๏ธ ARA jet fuel stocks: 7-year low
๐Ÿ‡บ๐Ÿ‡ธ U.S. surplus: 18K bpd
๐ŸŒ Asia-Pacific surplus: 419K bpd

๐Ÿ”ฅ Middle East disruptions have cut around half of Europeโ€™s jet fuel imports, forcing the region to source barrels from the U.S., Canada, Nigeria and now South Korea.

๐Ÿ‘€ Could tighter jet fuel supplies push European energy prices even higher?

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