Europe & Africa Fuel Availability Outlook
21 Aug 2024 by ENGINE
Contents
- Introduction
- Europe
- Europe's Fuel Availability
- Europe - Diesel and Gasoline
- Europe - Jet Fuel
- Africa
- Africa's Fuel Availability
- Africa - Diesel and Gasoline
- Africa - Jet Fuel
- Africa - Supply and Demand
Introduction
The fuel availability outlook for Europe and Africa is mixed, with some regions facing shortages and others having ample supply.
Europe
Europe's Fuel Availability
Europe is facing a number of challenges that are affecting its fuel availability. These include:
- The war in Ukraine has disrupted Russian oil and gas supplies to Europe.
- The European Union has imposed sanctions on Russian oil and gas, which has further reduced supply.
- There is a global shortage of diesel fuel, which is used to power cars, trucks, and other vehicles.
Europe - Diesel and Gasoline
Diesel and gasoline prices in Europe have been rising steadily in recent months. The EU has announced a plan to reduce its use of Russian oil and gas by two-thirds by the end of the year.
Europe - Jet Fuel
The war in Ukraine has also caused a shortage of jet fuel in Europe, which is used to power airplanes. The EU has imposed sanctions on Russian jet fuel, which has further reduced supply.
Africa
Africa's Fuel Availability
Africa's fuel availability is also mixed, with some regions facing shortages and others having ample supply.
Africa - Diesel and Gasoline
Diesel and gasoline prices in Africa have been rising steadily in recent months. The African Union has announced a plan to increase its use of renewable energy sources by 20% by the end of the decade.
Africa - Jet Fuel
The supply of jet fuel in Africa is generally good, but there have been some shortages in recent months due to the war in Ukraine. The African Union has announced a plan to increase its use of biofuels for aviation by 50% by the end of the decade.
Africa - Supply and Demand
The supply of fuel in Africa is expected to increase in the coming years, as new oil and gas fields are developed. However, demand for fuel is also expected to increase, as the continent's population and economy grow. The African Union has announced a plan to increase its use of clean energy sources by 50% by the end of the decade.
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