Jet fuel is only 10% of each barrel of oil worldwide. However, I'm not sure the reason why they aren't making more of it worldwide now too. maybe it's the price of making jet fuel?
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As of April 2026, jet fuel supplies are critically low in parts of Europe and Asia
due to supply chain disruptions and surging prices. The International
Energy Agency (IEA) warned that Europe has only about six weeks of
supply left. Vietnam, Thailand, Pakistan, Myanmar, and Australia face significant shortages, with many Asian carriers, including Cathay Pacific and Air New Zealand, already reducing flights.
Key Areas Facing Jet Fuel Shortages:
- Europe: Facing a severe shortage due to a 75% reliance on disrupted Middle Eastern imports. The IEA estimates supplies could last just six weeks.
- Asia: Countries with high reliance on imported fuel are most exposed, particularly Vietnam, Thailand, Myanmar, and Pakistan.
- Australia: Cited as having low reserves, with only about 34 days of fuel, making it vulnerable.
- Developing Countries: Poorer nations in Asia, Africa, and Latin America are expected to feel the impact first as competition for fuel drives up prices.
Key Factors Driving the Shortage:
- Middle East Crisis: The conflict involving Iran has significantly hampered supplies.
- Refinery Shortages: Export restrictions from China and Thailand have reduced regional availability.
- High Costs: Jet fuel prices have surged over 100% month-on-month as of March 2026.
- Impact: Major carriers like AirAsia X and Vietnam Airlines are cutting up to 10% and 18% of flights, respectively.
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