Comment A Problem Their Own Making (Score 1) 308
The same IEA has warned repeatedly of the precarious position Europe has put themselves in with regard to fuel dependence. The Russian war on Ukraine and subsequent sanctions should have made that tangible but Europe just switched over to Gulf suppliers, exacerbating the present problem. In fact instead of reacting to increase domestic refining and reserves just last year Europe shut down 4 refineries (~400000 barrels per day) of capacity. It lets politicians pretend they are being green while actually just paying someone else to do the dirty work.
The US does all of its own refining and is able to send both crude and jet fuel to Europe to offset at least some of the deficit. The markets are rerouting and many of the global tankers (especially from Asia) are headed to the US to resupply, with the US set to almost double its exports. Unfortunately extra-crude doesn't help Europe's jet fuel problem much since they can't refine it.