Swedish government warns of potential jet fuel shortage

The Swedish government has issued an early warning of a possible jet fuel shortage, with analysts suggesting broader fuel rationing may be needed this summer, SVT Nyheter reports.

At a press briefing with the Swedish Energy Agency, officials confirmed the risk of jet fuel shortages as part of initial contingency measures. While no immediate warning has been issued for gasoline or diesel, Energy Minister Ebba Busch (Christian Democrats) stated that future restrictions cannot be ruled out.

“The Energy Agency has not identified a corresponding risk for gasoline and diesel at this time,” Busch said. “However, this does not mean we can exclude further measures. The government’s crisis preparedness group and relevant authorities are making ongoing assessments.”

Global oil shortage could widen

Christian Kopfer, a commodities analyst at Norwegian investment bank Arctic Securities, warned that the current global crude oil deficit—where consumption exceeds production—will likely extend beyond aviation fuel.

“If the situation continues as it is now, we will face shortages not just in jet fuel but in all oil products,” Kopfer told SVT. He predicted Sweden would be affected if the closure of the Strait of Hormuz persists into autumn, urging governments to introduce fuel rationing this summer to stabilize prices.

“The more countries that fail to limit consumption, the higher prices will rise,” he said.

Travelers advised to plan for delays

With jet fuel supplies under pressure, the risk of flight disruptions has increased. Busch advised travelers to allow extra time for connections and avoid tight schedules.

“Do not book trips where you absolutely must return at a very specific time,” she said.

The warnings follow broader economic strain caused by the conflict in Iran and the closure of the Strait of Hormuz, which has disrupted global energy supplies. While Sweden has been less affected than other nations, officials emphasize that the situation remains volatile.