Overview
- JP Morgan projects European imports of oil products from the Gulf could stall around April 10 as the last pre-war cargoes arrive, with one of the final jet-fuel tankers now nearing Rotterdam.
- Italian airports in Milan-Linate, Venice, Bologna and Treviso limited refueling over Easter, giving priority to long-haul, ambulance and state flights after a supplier warned of tight stocks.
- Analysts say jet-fuel imports to Europe have dropped to about 420,000 barrels per day and storage at the Amsterdam–Rotterdam–Antwerp hub is below average, while kerosene prices have jumped to roughly $1,800 per tonne.
- Lufthansa executives warn supply is already tight at some Asian airports and say extended disruption could force cutbacks in Europe, with CEO Carsten Spohr reviewing the temporary grounding of 20 to 40 aircraft.
- Airline and market data point to a wider squeeze as refined cargoes chase higher prices in Asia, and industry leaders caution that if the blockade persists, summer schedules could face cancellations and thinner service on fuel-heavy routes.