Jet Fuel Crisis Update: European Top 50 & Top 20 Non-European Countries – 29 April 2026
29 April 2026 | By James Doyle, Boston Warwick
Three days after our last major update, the jet fuel crisis landscape has evolved in important ways. Northern Italy remains the most acute pressure point in Europe, while the United Arab Emirates’ formal exit from OPEC has introduced a significant medium-term positive for global supply. Meanwhile, Asia continues to operate with critically thin buffers.
European Top 50 Jet Fuel Risk Ranking – 29 April 2026
The overall ranking is largely stable since 26 April. Northern Italy continues to dominate the top of the table due to ongoing active rationing. UK hubs have held their improved positions thanks to sustained US Gulf imports. However, Nordic airports have seen their risk profiles elevated following this morning’s Swedish government announcement on fuel limitations and conservation measures.
Nordic Airports Seeing Increased Risk (29 April 2026)
| Current Rank | Previous Rank | Change | Airport | IATA | Country | On-Site Stock (days) | Risk Notes (29 Apr 2026) |
|---|---|---|---|---|---|---|---|
| 16 | 19 | ↑3 | Copenhagen | CPH | Denmark | 10–14 | Elevated risk – Swedish fuel limitation announcement increases Nordic exposure |
| 17 | 20 | ↑3 | Stockholm | ARN | Sweden | 10–14 | Elevated risk – Swedish government fuel conservation measures announced today |
| 34 | 34 | – | Oslo | OSL | Norway | 12–16 | Elevated risk – Swedish announcement adds caution to Nordic buffers |
| 35 | 41 | ↑6 | Gothenburg | GOT | Sweden | 12–15 | Elevated risk – Swedish government fuel limitation announcement |
| 43 | 43 | – | Helsinki | HEL | Finland | 12–16 | Elevated risk – Swedish announcement adds caution to Nordic buffers |
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Regional Jet Fuel Buffer Comparison
The chart below highlights the stark difference in resilience between Europe and the most exposed non-European markets. Europe’s average national buffer remains around 28 days, while Asia’s average is only 14 days. The Philippines and Pakistan are operating on critically thin margins of 5–10 days, which explains why national emergencies and NOTAMs have already been triggered in those countries.
Top 20 Non-European Countries Most Exposed to Jet Fuel Risk – 29 April 2026
The ranking of the most exposed non-European countries is relatively static since our last update. Asia continues to sit at the sharp end of the crisis with the thinnest buffers. However, two positive developments are worth noting. The UAE’s formal exit from OPEC is expected to boost crude production, which should eventually flow through Asian refineries and provide some relief — although this will not be immediate. In addition, there are reports that China may ease or remove some of its fuel export restrictions, which could help alleviate pressure across the region in the coming weeks.
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- International Energy Agency (IEA) – Oil Market Report, April 2026
- Airports Council International Europe (ACI Europe) – Letter to European Commission, 9 April 2026
- Reuters – “Sweden warns of potential jet fuel shortage”, 28 April 2026
- Bloomberg – “US Jet Fuel Exports Surge to Europe Amid Hormuz Crisis”, April 2026
- Financial Times – “Airlines brace for summer disruption as jet fuel crisis deepens”, 21 April 2026
- Argus Media – European Jet Fuel Market Update, April 2026
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