Have energy markets managed to sidestep jet fuel shortages? ICIS markets editor Shruti Salwan and Cirium air transport reporter Jonathan Robins examine the current state of jet fuel supply and how airlines are approaching the peak summer flying season.
European jet fuel markets have been dramatically reshaped by the Middle East crisis since early March, as prices have surged amid tightening physical supply before partially retreating as alternative flows stabilise the system.
The initial shock raised concerns over aviation fuel availability, but airlines have held firm, absorbing higher costs and largely maintaining capacity, helped by a gradual easing of fuel prices and robust passenger demand. (....)