UK refineries asked to maximise jet fuel production amid supply fears
Summary
The UK government has asked its remaining refineries to increase jet fuel production due to concerns that the war involving Iran could disrupt air travel by limiting fuel supplies. While UK airlines currently report no fuel shortages, fuel prices have risen and some flight cancellations have happened as a precaution.Key Facts
- UK refineries are being asked to maximize jet fuel output as a safety measure against possible shortages.
- The war near Iran has disrupted oil and gas shipping through the Strait of Hormuz, a key global route.
- The UK imports jet fuel from various countries, including the U.S., not dependent on the Strait of Hormuz.
- Only four refineries remain in the UK after others closed down in recent years.
- Global jet fuel shipments recently dropped to less than half the usual weekly amount.
- Airlines have bought fuel in advance and currently see no short-term supply issues.
- Flight cancellations due to fuel supply concerns will not cause airlines to lose their airport landing slots.
- Uncertainty about fuel costs and the conflict is making travelers book trips later than usual.
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