September 21, 2026 [Oil Price]- Europe is facing a significant jet fuel supply shortfall, projected to reach 510,000 barrels daily in the upcoming quarter, as diesel shortages continue. Jet fuel stocks at the Amsterdam-Rotterdam-Antwerp hub have dropped to their lowest since 2019, at 454,000 tons. South Korea has become the largest supplier, delivering 129,000 barrels daily. Rising fuel prices are exacerbating eurozone inflation, which hit 14.3% in August. The situation worsened as Saudi Arabia canceled crude oil deliveries to Europe due to Houthi attacks on energy infrastructure, contributing to a 29% increase in gasoline prices and a 40% rise in diesel costs this year.

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