EU Warns of Fuel Rationing Risk as Middle East War Triggers Energy Crisis
The European Union is bracing for a 'long-lasting' and severe energy shock triggered by the war in the Middle East, with Energy Commissioner Dan Jørgensen warning that the bloc must prepare for the 'worst-case' scenario. In response, the EU is evaluating 'all possibilities' to mitigate the crisis, with measures under consideration including the rationing of critical fuels like diesel and jet fuel (kerosene), as well as the release of additional oil from emergency strategic reserves. The potential for fuel rationing, a measure that harks back to past energy crises, has emerged as a significant concern. Commissioner Jørgensen has advised EU governments to consider curbing transport use to offset the loss of vital supplies from the Gulf. This has raised the specter of extreme conservation efforts, with one official letter hinting at concepts like drive-free Sundays. The aviation sector is among the most vulnerable, with airlines expressing deep concern over jet fuel supplies. Ryanair CEO Michael O'Leary has warned that the carrier may be forced to cancel up to 10% of its flights this summer if the conflict continues to impact fuel prices and availability, a move that would significantly disrupt travel. The crisis is compounded by existing regulatory differences between the EU and the US regarding fuel supplies, further tightening the market.
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Sources
Fuel rationing warning as 'all possibilities' studied in Iran war energy crisis - The Mirror
A fuel rationing warning has been issued as a major energy official shared the measures that could be taken as the war with Iran plunges the world into a deeper crisis. ... The European Union is currently looking into "all possibilities" as it prepares for a "long-lasting" energy blow from ...
Fuel rationing fears grow for UK as EU weighs up options amid Middle East crisis - The Mirror
Dan Jorgensen said the EU was considering fuel rationing if the crisis worsens(Image: Anadolu via Getty Images) Among the areas of most concern is jet fuel, with some airlines already warning about future supplies and at least one carrier upping prices. ... Ryanair may need to cancel 10% of its flights this summer, its boss has warned, if the Iran war continued to impact jet fuel prices. Michael O’Leary told ITV News ...
The EU is evaluating "all possibilities," including fuel rationing and the release of additional oil reserves from emergency stockpiles, as it prepares for a "long-term" energy shock caused by the war in the Middle East, EU Energy Commissioner Dan Jørgensen told the Financial Times, UNN reports.
Already, EU energy chief Dan Jørgensen has advised EU governments, in a letter first seen by POLITICO, to curb the use of transport to offset the loss of critical diesel and aviation fuel supplies from the Gulf. The missive, with its hints of drive-free Sundays and gasoline rationing, harks ...
EU considers fuel rationing amid ‘long-lasting’ energy shock from Iran war - Türkiye Today
The European Union is assessing “all possibilities,” including fuel rationing and releasing more oil from emergency reserves, as it prepares for a prolonged energy shock caused by the Iran war, EU Energy Commissioner Dan Jorgensen said.
Spain threat: EU is considering fuel rationing in the face of a prolonged energy crisis
“We are preparing for the worst-case ... to ration critical products such as kerosene or diesel. It is better to be prepared than to regret it,” he states. The newspaper reports that airlines are among the sectors most concerned about kerosene supplies, against a backdrop of regulatory differences between the EU and the United States regarding fuel ...
The EU is exploring all options, including fuel rationing and releasing more oil from emergency reserves, as it prepares for a prolonged energy crisis caused by the war in the Middle East. European Commissioner for Energy Dan Jørgensen made these remarks in an interview with the Financial Times.
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