Europe's Jet Fuel Supply Crisis: Six Weeks Left, Warns IEA
The International Energy Agency warns Europe has only six weeks of jet fuel left due to Middle East conflict, risking flight cancellations. EasyJet reports major losses and uncertainty.
The International Energy Agency warns Europe has only six weeks of jet fuel left due to Middle East conflict, risking flight cancellations. EasyJet reports major losses and uncertainty.
Europe's jet fuel reserves are critically low, with just six weeks of supply remaining, as the UK prepares for potential summer shortages amid ongoing Middle East tensions blocking key shipping routes.
The International Energy Agency warns Europe has only six weeks of jet fuel left, with mass flight cancellations imminent due to the Strait of Hormuz blockade, sparking a global energy crisis.
The International Energy Agency warns Europe may run out of jet fuel in six weeks due to blocked oil supplies from the Strait of Hormuz, risking flight cancellations and higher travel costs.
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The International Energy Agency warns Europe may run out of jet fuel in six weeks due to blocked oil supplies from the Iran war, potentially causing flight cancellations and economic turmoil.
The International Energy Agency warns Europe has just six weeks of jet fuel left due to blocked oil supplies from the Middle East, threatening flight cancellations and economic turmoil.
The International Energy Agency warns Europe has only about six weeks of jet fuel left due to blocked oil supplies from the Iran war, risking flight cancellations and global economic turmoil.
Millions of UK households may avoid steepest energy bill hikes as gas prices tumble, with price cap forecasts revised down. Analysts warn of ongoing market volatility despite current relief.
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RecommendedEasyJet's CEO warns summer air fares could rise as the airline faces a £25m hit from soaring jet fuel costs, driven by Middle East conflict, with half-year losses set to balloon.
A leaked government document, 'Exercise Turnstone', outlines contingency plans for potential food shortages in the UK due to the Iran war, with CO2 supplies at risk.
EasyJet announces increased winter losses impacted by the Iran war, with an extra £25m fuel cost in March. The airline remains confident despite geopolitical challenges and a competitive market environment.
The European Union is urgently developing plans to maximise refinery output and secure jet fuel supplies, as the Iran crisis and Strait of Hormuz blockade trigger price surges and warnings of summer travel chaos.
Exclusive analysis shows top 100 oil and gas firms earned $30m hourly in unearned profits during the US-Israeli war in Iran, with $234bn extra expected by 2026.
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RecommendedJet fuel prices have surged 125% since the Middle East conflict, forcing Qantas and Virgin Australia to raise fares and cut flights. Analysts warn of long-term impacts on air travel costs.
Amazon has signed power purchase agreements for nine renewable projects in NSW and Victoria, boosting its clean energy capacity to nearly 1GW as it aims for net zero by 2040.
Exclusive analysis reveals the world's top 100 oil and gas firms earned over $30m hourly in unearned profit during the first month of the US-Israeli war in Iran, as prices hit $100 a barrel.
Exclusive analysis reveals the world's 100 largest oil and gas companies earned over $30 million every hour in unearned profits during the first month of the US-Israeli war in Iran, totaling $23 billion for March.
Chancellor Rachel Reeves announces an expansion of the British Industrial Competitiveness Scheme to cut energy bills by up to 25% for over 10,000 manufacturers, with support backdated to this month but payments delayed until next year.
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Monitor Australia's fuel crisis with real-time data on petrol and diesel prices, service station outages, and reserve supplies. Explore charts and maps to understand the impact of global events.
A major fire at Viva Energy's Corio oil refinery in Geelong, Australia, has erupted, threatening fuel supplies as it provides half of Victoria's and 10% of the nation's fuel.
A major fire at Viva Energy's Geelong oil refinery, which supplies half of Victoria's fuel, has been extinguished after 13 hours. Authorities warn petrol production is affected and damage assessment is ongoing.
A major fire at Viva Energy's Geelong oil refinery burned for 13 hours, potentially disrupting Victoria's fuel supply and causing short-term price increases of up to 20 cents per litre.
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RecommendedBritain's shift from natural gas to renewables won't quickly lower energy bills due to grid upgrade costs and global pricing, amid economic pressures from conflicts.
An explosive fire at Viva Energy's Corio refinery in Geelong has disrupted operations, affecting 50% of Victoria's fuel supply. No injuries reported, but production reduced amid ongoing fuel crisis.
Prime Minister Anthony Albanese confirms Viva Energy has secured two shipments totalling 100 million litres of diesel with government support, amid refinery fire and price spikes.
A 13-hour blaze at Viva Energy's Corio refinery in Geelong has severely impacted petrol production, raising alarms over Australia's fuel security and potential economic effects.
A 13-hour blaze at Viva Energy's Geelong refinery has disrupted petrol production, impacting half of Victoria's fuel supply and 10% of Australia's total, amid existing pressures from global conflicts.
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RecommendedNew South Wales could follow Western Australia in establishing a state-based diesel reserve, as premiers act independently of Canberra amid ongoing fuel shortages and global supply pressures.