European Jet Fuel Crisis: Potential Shortage Looms as Hormuz Disruption Continues - News and Statistics

Apr 11, 2026

According to a report from Oilprice.com, Europe’s airport industry group has warned that the region could experience a systemic jet fuel shortage within three weeks. The group, ACI Europe, indicated that this would occur if significant and stable flows through the Strait of Hormuz do not resume.

The organization cautioned that a continued disruption would leave airports and airlines with insufficient supply at the beginning of the peak summer travel period. In communication with European Union officials, ACI Europe stated that such a shortage would rapidly affect the entire aviation system and impact economic activity across the bloc. The group has requested that the European Commission monitor supply and production levels over the coming six months.

Approximately thirty percent of Europe’s jet fuel imports normally originate from the Gulf area. Signs of pressure are already emerging, with seven airports in Italy recently restricting access to jet fuel due to tightening supply. The region’s overall supply position offers limited capacity to absorb a shock, as it depends heavily on imported fuel and has constrained refining capability for jet fuel production.

Jet fuel prices have followed the trajectory of crude oil. Oil prices increased following the disruption, though they had retreated from their peak by the end of last week. Airlines have begun to transfer these higher costs to consumers via fuel surcharges and additional fees. Carriers are simultaneously preparing for increased summer demand, when fuel consumption usually reaches its highest level.

Interactive table based on the Store Companies dataset for this report.

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#
Company
Headquarters
Focus
Scale
Note

1
Sinopec
Beijing, China
Integrated refining & petrochemicals
Global
Largest refiner by capacity

2
China National Petroleum Corp (CNPC)
Beijing, China
Integrated oil & gas
Global
Major refiner and fuel producer

3
Saudi Aramco
Dhahran, Saudi Arabia
Crude oil & refined products
Global
World’s largest oil company

4
ExxonMobil
Spring, Texas, USA
Integrated oil & refining
Global
Major global refiner

5
Royal Dutch Shell
London, UK / The Hague, NL
Integrated oil & products
Global
Global downstream leader

6
BP
London, UK
Integrated oil & refining
Global
Major fuels and lubricants producer

7
Chevron
San Ramon, California, USA
Integrated oil & refining
Global
Major refiner and marketer

8
Marathon Petroleum
Findlay, Ohio, USA
Refining & marketing
Large
Largest US refiner by capacity

9
Valero Energy
San Antonio, Texas, USA
Independent refining
Large
Major independent refiner

10
TotalEnergies
Paris, France
Integrated oil & refining
Global
Major European refiner

11
Phillips 66
Houston, Texas, USA
Refining & marketing
Large
Major US downstream company

12
Petrobras
Rio de Janeiro, Brazil
Integrated oil & refining
Large
Dominant refiner in Latin America

13
Rosneft
Moscow, Russia
Integrated oil & refining
Large
Largest Russian refiner

14
Lukoil
Moscow, Russia
Integrated oil & refining
Large
Major Russian oil company

15
Indian Oil Corporation
New Delhi, India
Refining & marketing
Large
Largest Indian refiner

16
Reliance Industries
Mumbai, India
Refining & petrochemicals
Large
World’s largest refining complex

17
Petronas
Kuala Lumpur, Malaysia
Integrated oil & gas
Global
Major Asian refiner and LNG producer

18
PJSC Gazprom Neft
St. Petersburg, Russia
Oil & refining
Large
Major Russian oil subsidiary

19
SK Innovation
Seoul, South Korea
Refining & batteries
Large
Major Korean refiner

20
GS Caltex
Seoul, South Korea
Refining & marketing
Large
Major Korean refining JV

21
S-Oil
Seoul, South Korea
Refining & petrochemicals
Large
Major Korean refiner, Aramco affiliate

22
ENEOS Holdings
Tokyo, Japan
Refining & marketing
Large
Largest Japanese refiner

23
Repsol
Madrid, Spain
Integrated oil & refining
Large
Major refiner in Southern Europe

24
Eni
Rome, Italy
Integrated oil & refining
Global
Major European refiner

25
PBF Energy
Parsippany, New Jersey, USA
Independent refining
Large
Major US independent refiner

26
Motiva Enterprises
Houston, Texas, USA
Refining & marketing
Large
Operates largest US refinery

27
PKN Orlen
Plock, Poland
Refining & marketing
Large
Largest refiner in Central Europe

28
Neste
Espoo, Finland
Renewable & oil refining
Large
Leading renewable diesel producer

29
Formosa Petrochemical
Taipei, Taiwan
Refining & petrochemicals
Large
Major Asian refiner

30
Hindustan Petroleum
Mumbai, India
Refining & marketing
Large
Major Indian state-owned refiner

This report provides a comprehensive view of the processed petroleum oils and distillates industry in Europe, tracking demand, supply, and trade flows across the regional value chain. It explains how demand across key channels and end-use segments shapes consumption patterns, while also mapping the role of input availability, production efficiency, and regulatory standards on supply.

Beyond headline metrics, the study benchmarks prices, margins, and trade routes so you can see where value is created and how it moves between exporters and importers within Europe. The analysis is designed to support strategic planning, market entry, portfolio prioritization, and risk management in the processed petroleum oils and distillates landscape in Europe.

Quick navigation
Key findings

Regional demand is shaped by both household and industrial usage, with trade flows linking supply hubs to import-reliant countries.
Pricing dynamics reflect unit values, freight costs, exchange rates, and regulatory shifts that affect sourcing decisions.
Supply depends on input availability and production efficiency, creating distinct cost curves across Europe.
Market concentration varies by country, creating different competitive landscapes and entry barriers.
The 2035 outlook highlights where capacity investment and demand growth are most aligned within the region.
Report scope

The report combines market sizing with trade intelligence and price analytics for Europe. It covers both historical performance and the forward outlook to 2035, allowing you to compare cycles, structural shifts, and policy impacts across countries and sub-regions.

Market size and growth in value and volume terms
Consumption structure by end-use segments and countries
Production capacity, output, and cost dynamics
Regional trade flows, exporters, importers, and balances
Price benchmarks, unit values, and margin signals
Competitive context and market entry conditions
Product coverageProcessed Petroleum Oils and DistillatesCountry coverageCountry profiles and benchmarks

For the regional report, country profiles provide a consistent view of market size, trade balance, prices, and per-capita indicators across Europe. The profiles highlight the largest consuming and producing markets and allow direct benchmarking across peers.

Methodology

The analysis is built on a multi-source framework that combines official statistics, trade records, company disclosures, and expert validation. Data are standardized, reconciled, and cross-checked to ensure consistency across time series.

International trade data (exports, imports, and mirror statistics)
National production and consumption statistics
Company-level information from financial filings and public releases
Price series and unit value benchmarks
Analyst review, outlier checks, and time-series validation

All data are normalized to a common product definition and mapped to a consistent set of codes. This ensures that comparisons across time are aligned and actionable.

Forecasts to 2035

The forecast horizon extends to 2035 and is based on a structured model that links processed petroleum oils and distillates demand and supply to macroeconomic indicators, trade patterns, and sector-specific drivers. The model captures both cyclical and structural factors and reflects known policy and technology shifts within Europe.

Historical baseline: 2012-2025
Forecast horizon: 2026-2035
Scenario-based sensitivity to income growth, substitution, and regulation
Capacity and investment outlook for major producing countries

Each country projection is built from its own historical pattern and the regional context, allowing the report to show where growth is concentrated and where risks are elevated.

Price analysis and trade dynamics

Prices are analyzed in detail, including export and import unit values, regional spreads, and changes in trade costs. The report highlights how seasonality, freight rates, exchange rates, and supply disruptions influence pricing and margins.

Price benchmarks by country and sub-region
Export and import unit value trends
Seasonality and calendar effects in trade flows
Price outlook to 2035 under baseline assumptions
Profiles of market participants

Key producers, exporters, and distributors are profiled with a focus on their operational scale, geographic footprint, product mix, and market positioning. This helps identify competitive pressure points, partnership opportunities, and routes to differentiation.

Business focus and production capabilities
Geographic reach and distribution networks
Cost structure and pricing strategy indicators
Compliance, certification, and sustainability context
How to use this report

Quantify regional demand and identify the most attractive country markets
Evaluate export opportunities and prioritize target destinations
Track price dynamics and protect margins
Benchmark performance against regional competitors
Build evidence-based forecasts for investment decisions

This report is designed for manufacturers, distributors, importers, wholesalers, investors, and advisors who need a clear, data-driven picture of processed petroleum oils and distillates dynamics in Europe.

FAQ
What is included in the processed petroleum oils and distillates market in Europe?

The market size aggregates consumption and trade data at country and sub-regional levels, presented in both value and volume terms.

How are the forecasts to 2035 built?

The projections combine historical trends with macroeconomic indicators, trade dynamics, and sector-specific drivers.

Does the report cover prices and margins?

Yes, it includes export and import unit values, regional spreads, and a pricing outlook to 2035.

Which countries are profiled in detail?

The report provides profiles for the largest consuming and producing countries in Europe.

Can this report support market entry decisions?

Yes, it highlights demand hotspots, trade routes, pricing trends, and competitive context.

1. INTRODUCTION

Report Scope and Analytical Framing

Report DescriptionResearch Methodology and the Analytical FrameworkData-Driven Decisions for Your BusinessGlossary and Product-Specific Terms2. EXECUTIVE SUMMARY

Concise View of Market Direction

Key FindingsMarket TrendsStrategic ImplicationsKey Risks and Watchpoints3. MARKET SIZE AND DEVELOPMENT PATH

Market Size, Growth and Scenario Framing

Market Size: Historical Data (2012-2025) and Forecast (2026-2035)Growth Outlook and Market Development Path to 2035Growth Driver DecompositionScenario Framework and Sensitivities4. CATEGORY SCOPE, DEFINITIONS AND BOUNDARIES

Commercial and Technical Scope

What Is Included and How the Market Is DefinedMarket Inclusion CriteriaProduct / Category DefinitionExclusions and BoundariesDistinction From Adjacent Products and Substitute Categories5. CATEGORY STRUCTURE, SEGMENTATION AND PRODUCT MATRIX

How the Market Splits Into Decision-Relevant Buckets

By Product Type / ConfigurationBy Application / End UseBy Customer / Buyer TypeBy Channel / Business Model / Technology PlatformSegment Attractiveness MatrixProduct Matrix and Segment Growth Logic6. DEMAND, CUSTOMER AND CONSUMER ARCHITECTURE

Where Demand Comes From and How It Behaves

Consumption / Demand by Country or Region: Historical Data (2012-2025) and Forecast (2026-2035)Demand by End-Use and Buyer GroupDemand by Customer / Consumer SegmentPurchase Criteria, Switching Logic and Adoption BarriersReplacement, Replenishment and Installed-Base DynamicsFuture Demand Outlook7. PRODUCTION, SUPPLY AND VALUE CHAIN

Supply Footprint, Trade and Value Capture

Production by CountryManufacturing Footprint and Supply HubsCapacity, Bottlenecks and Supply RisksValue Chain Logic and Margin PoolsRoute-to-Market and Distribution Structure8. TRADE, SOURCING AND IMPORT DEPENDENCE

Trade Flows and External Dependence

Exports by CountryImports by CountryTrade Balance and Sourcing StructureImport Dependence and Supply ResilienceStrategic Trade Corridors9. PRICING, PROMOTION AND COMMERCIAL MODEL

Price Formation and Revenue Logic

Price Levels and Price CorridorsPricing by Segment / Specification / GeographyCost Drivers and Margin LogicPromotion, Discounting and Procurement PatternsRevenue Quality and Commercial Levers10. COMPETITIVE LANDSCAPE AND PORTFOLIO POWER

Who Wins and Why

Market Structure and ConcentrationCompetitive ArchetypesSegment-by-Segment Competitive IntensityPortfolio Breadth and Product PositioningCapability MatrixStrategic Moves, Partnerships and Expansion Signals11. GEOGRAPHIC LANDSCAPE AND COUNTRY ROLES

Where Growth and Supply Concentrate

Core Demand MarketsCore Production MarketsExport HubsImport-Reliant MarketsFastest-Growing MarketsCountry Archetypes and Strategic Roles12. GROWTH PLAYBOOK AND MARKET ENTRY

Commercial Entry and Scaling Priorities

Where to PlayHow to WinBuild vs Buy vs PartnerRoute-to-Market ChoicesLocalization and Capability ThresholdsEntry Risks and Mitigation13. WHERE TO PLAY NEXT: MOST ATTRACTIVE GROWTH OPPORTUNITIES

Where the Best Expansion Logic Sits

Most Attractive Product NichesMost Attractive Customer SegmentsMost Attractive Markets for Commercial ExpansionWhite Spaces and Unsaturated OpportunitiesHigh-Margin and Underpenetrated PocketsMost Promising Product Adjacencies14. PROFILES OF MAJOR COMPANIES

Leading Players and Strategic Archetypes

Leading Manufacturers and SuppliersRegional Specialists and ChallengersProduction Footprint and Manufacturing CapacitiesProduct Portfolio and Segment FocusPricing Positioning and Indicative Price LogicChannel / Distribution StrengthStrategic Archetypes15. COUNTRY PROFILES

Detailed View of the Most Important National Markets

View detailed country profiles47 countries

15.1

Albania