Russia's aviation fuel imports from Belarus surged nearly fourfold in May 2026 amid domestic production setbacks, prompting policy shifts and regional supply realignments.
Global oil inventories fell by a record 200 million barrels in April amid Middle East conflicts, pushing reserves to an eight-year low and signaling potential price hikes.
Lufthansa plans to cancel 20,000 flights in 2026 to save over 40,000 tons of jet fuel amid the energy crisis caused by Middle Eastern geopolitical tensions.
Global airline capacity is projected to decline by 3% in May due to soaring jet fuel costs amid the Iran conflict, posing risks to European and global economies.