What factors have eased concerns about jet fuel supply shortages ahead of the summer travel season, according to the IEA?

According to the IEA, concerns over jet fuel supply shortfalls ahead of the peak summer travel season have significantly eased due to higher refinery production in the U.S. and Europe, increased U.S. exports to Europe at record levels, above-average domestic jet fuel stockpiles in the U.S., and substantial Nigerian exports to Europe — with Nigeria supplying 127,000 bpd and the U.S. supplying 136,000 bpd into Europe so far in June, per Kpler data.

How did European refineries increase jet fuel output without reducing diesel production?

European refineries increased jet fuel output without cutting diesel production by leveraging stronger middle distillate refining margins, completing scheduled maintenance in Poland, Belgium, and Germany, and sourcing additional low-sulphur feedstocks for processing via hydrocracking capacity — allowing jet fuel to maintain its share of overall product output while diesel cracks remained near $40 a barrel and the jet-to-diesel regrade narrowed to pre-conflict levels.

Jet fuel market rebalances on higher production, imports, IEA says

Jun 17, 2026

The IEA reports jet fuel supply concerns have eased due to increased refinery production in the U.S. and Europe, along with record exports, while maintaining diesel output levels.

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