Finance

Spain's kerosene, fuels supply guaranteed at the moment, energy minister says

Published by Global Banking & Finance Review

Posted on April 14, 2026

2 min read

· Last updated: April 15, 2026

Add as preferred source on Google
Spain's kerosene, fuels supply guaranteed at the moment, energy minister says
Global Banking & Finance Awards 2026 — Call for Entries

MADRID, April 14 (Reuters) - Spain's fuels supply is not at risk at the moment and the country is in a "privileged situation" compared with European peers, Energy Minister Sara Aagesen said on Tuesday

Spain Confirms Stable Fuels Supply as Europe Faces Jet Fuel Crisis

Spain's Energy Security Amid European Jet Fuel Shortages

MADRID, April 14 (Reuters) - Spain's fuels supply is not at risk at the moment and the country is in a "privileged situation" compared with European peers, Energy Minister Sara Aagesen said on Tuesday.

Impact of Global Conflicts on European Fuel Supplies

The U.S.-Israeli war on Iran and subsequent blockade of the Strait of Hormuz have sparked a supply crisis, with European airlines calling on the European Union to deploy emergency measures to address growing concerns over jet fuel shortages.

Spain's Response to the Jet Fuel Crisis

Asked whether the Spanish government can guarantee the supply of kerosene, diesel and gasoline, Aagesen said that "at this moment, I can say yes".

Refinery Capacity and Domestic Production

"Our situation is not only robust, it's privileged," she said, thanks to a fleet of eight refineries producing 80% of the kerosene consumed in Spain.

Comparison with European Partners

"This is a very advantageous situation compared to many European partners, where the opposite is true: they are dependent on imports," she said, adding that Spanish refiners have not suffered from supply disruptions.

(Reporting by Pietro Lombardi; Editing by Alison Williams)

Key Takeaways

  • Spain currently enjoys a robust fuel supply, with eight refineries covering about 80% of kerosene needs, reducing vulnerability amid the Strait of Hormuz crisis (cincodias.elpais.com)
  • Europe faces a mounting jet‑fuel shortage risk due to the Strait of Hormuz closure and halved imports, prompting airlines to urge EU emergency action (travelandtourworld.com)
  • Spain’s strong refining infrastructure, domestic production, and strategic oil reserves (~90‑day release) position it better than many EU peers amid the energy shock (mundoamerica.com)

References

Frequently Asked Questions

Is Spain currently facing a risk of fuel shortages?
No, Spain's energy minister stated that there is no risk to the nation's fuels supply at the moment.
What percentage of kerosene used in Spain is produced domestically?
Spain produces 80% of the kerosene it consumes thanks to its fleet of eight refineries.
How does Spain's fuel supply situation compare to other European countries?
Spain is in a 'privileged' and 'robust' position, unlike some European peers who depend on fuel imports.
Have Spanish refiners experienced any supply disruptions?
No, Spanish refiners have not suffered from supply disruptions according to the energy minister.
What is causing concerns over jet fuel shortages in Europe?
The U.S.-Israeli conflict with Iran and the blockade of the Strait of Hormuz have triggered supply concerns.

Tags

Related Articles

More from Finance

Explore more articles in the Finance category