Fears of a jet fuel shortage ahead of the peak summer travel season have eased as increased refinery output and stronger exports from countries such as Nigeria help stabilize global aviation fuel supplies.

According to the International Energy Agency in its June 17, 2026 report, higher production from refineries in the United States and Europe, combined with rising exports from major supplying nations, has helped rebalance the global jet fuel market.

The development follows months of supply concerns driven by robust travel demand and geopolitical tensions that had tightened fuel availability.

The IEA noted that jet fuel production rose significantly during the spring, helping to ease concerns over potential supply shortages ahead of the peak summer travel season.

In March, U.S. refineries produced more than 2 million barrels per day of jet fuel, while European refiners generated approximately 1.3 million bpd.

Output continued to increase through April and May, boosting global supplies and helping to restore balance to the aviation fuel market.

The report said fears of jet fuel supply shortages ahead of the peak summer travel season have largely eased, supported by stronger refinery output and improved global trade flows.

A key factor behind the improved market balance has been a surge in U.S. jet fuel exports to Europe.

Record production levels in the United States have enabled exporters to increase shipments across the Atlantic while keeping domestic inventories above historical averages.

Nigeria has also emerged as an important supplier of jet fuel to Europe, underscoring the country’s growing presence in international refined petroleum markets and its expanding role in meeting global aviation fuel demand.

Data referenced by the IEA from commodity analytics firm Kpler showed that jet fuel imports from Nigeria into Europe averaged 127,000bpd in June, making Nigeria one of the continent’s largest external suppliers.

Only the United States exported more jet fuel to Europe during the period, with shipments averaging about 136,000 bpd.

The report highlighted Nigeria’s growing importance in the global refined products market as rising exports help support aviation fuel demand across Europe.

European refiners have also increased production in response to robust demand and favourable refining margins.

Higher refinery runs were recorded in countries including Italy, Norway and Denmark, while the completion of maintenance work at facilities in Poland, Belgium and Germany further strengthened regional jet fuel output.