Europe Jet Fuel Inventory Falls Below 20-Day Threshold

JPM analysis warns Europe could face jet fuel shortages as commercial inventory cover drops below 20 days by June.
Only 50% of usual Middle East imports are being replaced, with the U.S. as the main alternative supplier.
Even with 75% replacement, stock cover stays under 20 days through August, coinciding with peak aviation demand.
Strategic reserves could raise coverage to 50‑55 days, but EU availability remains uncertain amid rising refining costs.