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المشهد العربي
Europe's fuel shortage raises Korea export prospects
Europe is facing a severe shortage of jet fuel supplies in the last quarter of 2026, with the deficit estimated at around 510,000 barrels per day. The Middle East supplies, which previously accounted for half of European imports, have been affected. To fill this gap, Europe increased its imports from South Korea to the highest level in four years, reaching 129,000 barrels per day in September, supported by a positive price differential that made exports more profitable. Consulting firms predict that the European market will be more vulnerable to supply disruptions compared to regions like the Americas and Asia.
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