Sweden issues "early warning" of potential jet fuel shortage

Sweden has given notice of a potential shortage of jet fuel stemming from the war in the Middle East, Energy Minister Ebba Busch said on Tuesday.



A two-month war in the Middle East has shut the Strait of Hormuz and cut the global oil supply by 20% in the world’s biggest-ever supply disruption, pushing up crude prices to well over $100 a barrel.



The Swedish government said that there was currently a good supply of jet fuel in the country but there could be a shortage further ahead. "We want to issue a warning well in advance that there is a risk that there will not be enough jet fuel," Busch told a press conference, without saying when problems could arise. "In

Sweden and in the Nordic region we have considerable refinery capacity which uses North Sea oil. Even if competition and with it prices have risen, supply hasn't been affected noticeably yet."