A morning dialogue on Digi24 focused on electricity prices in Romania and the shortage of aviation fuel in Europe. While demand response mechanisms can manage part of the demand, they cannot solve the underlying issue of delayed investments in new production or storage capacities. Notably, the management of Romania's most profitable state company faces criticism for prioritizing management bonuses over investment activity, a concern highlighted in a Ziarul Financiar article regarding Hidroelectrica.
Europe suffers from structural vulnerabilities in aviation fuel production, consuming 1.6 million barrels per day in OECD Europe against a production of 1.1 million barrels per day. The resulting deficit of 500,000 barrels per day is largely imported from the Middle East. While increased US imports of Type A jet fuel help, they do not fully offset the shortfall, leading to demand destruction. Both companies and travelers are impacted: airlines are optimizing flights and canceling shorter routes, while travelers are cautious about purchasing summer tickets to avoid compromised vacations.