Europe’s jet fuel supply remains stable in the short term, although the outlook in Asia creates uncertainty in the logistics and energy sector. DHL Group, a leading global air cargo operator, anticipates coverage through June at European airports, while warning of limited visibility in the Asian market.
Europe maintains margin as global concern grows
According to Tobias Meyer, the company’s CEO, the company has firm commitments from the main oil companies that guarantee supplies in Europe for the next few months. This forecast offers an estimated safety margin of two to four additional weeks in the event of possible interruptions.
However, the global scenario is still conditioned by geopolitical factors. The International Energy Agency (IEA) has recently warned of a possible physical shortage of aviation fuel. aviation fuel from June onwards, especially in Europe, due to its high dependence on imports from the Middle East.
Uncertainty in Asia
Meyer stressed that while China has significant strategic reserves, other countries in the region have less back-up capacity. This difference could lead to tensions in energy supply for commercial and cargo aviation.
Limited visibility into the Asian supply chain also complicates operational planning for companies such as DHL, which rely on intercontinental routes to support their logistics network.
War in Iran impacts air logistics
The conflict in Iran and restrictions on air traffic in the Middle East have disrupted traditional air transport flows. As a result, Gulf airlines have reduced operations, generating a demand redistribution effect.
On the other hand, DHL has seen an increase in freight requests, especially on direct routes between Asia and Europe. Routes such as Singapore-India-Europe have gained prominence within its operational network.
Market risks not yet reflected in prices
On the other hand, the executive warned that scarcity risks may not be fully incorporated into current energy market prices. Even if the Strait of Hormuz fully resumes activity, the effects on the supply chain could be prolonged.
This is because oil requires three to six weeks to move from extraction to refineries, which delays the real impact of any supply disruption.
Source: Reuters
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