Escalation of the Middle East conflict
and Skypec actions
Scroll to follow market developments
Geopolitical Tensions in the Middle East Raise Risks to Global Energy Supply
Escalating geopolitical tensions in the Middle East have increased the risk of disruptions to global energy supply chains, particularly around the Strait of Hormuz, a key route transporting approximately 20% of the world’s oil supply.
Update information →SKYPEC Activated Its Internal Response Mechanism
SKYPEC activated its internal response mechanism and held coordination meetings to assess developments in global energy markets and develop response scenarios to ensure stable aviation fuel supply.
SKYPEC Calls for Coordination to Ensure Aviation Fuel Supply
Amid significant volatility in global energy markets, the price of Jet A-1 aviation fuel surged from below USD 100 per barrel to over USD 230 per barrel. SKYPEC notified all relevant units and partners, requesting strengthened coordination to ensure stable aviation fuel supply and maintain uninterrupted flight operations.
Civil Aviation Authority of Vietnam Instructs Airlines to Avoid High-Risk Airspace
Vietnamese aviation authorities instructed airlines to avoid high-risk airspace in the Middle East to ensure flight safety.
Update information →SKYPEC Requests Airlines to Update Flight Schedules
In response to geopolitical developments that could directly affect aviation
fuel supply, SKYPEC proactively contacted airlines and requested updated flight schedules and operational plans
to support supply planning.
At the same time, SKYPEC continued closely monitoring developments in global energy
markets and urgently assessing potential impacts on aviation fuel supply planning.
Airlines Reroute Flights to Avoid Conflict Zones
Several airlines rerouted flights to avoid conflict zones in the Middle East, resulting in longer flight times and increased operational costs.
SKYPEC Holds Coordination Meetings to Secure Fuel Supply
SKYPEC held further internal coordination meetings to assess supply conditions and develop operational measures
to be communicated to customers.
In parallel, SKYPEC reviewed its aviation fuel supply plan and updated airline
fuel demand forecasts to ensure stable refueling operations.
Domestic Fuel Prices Rise Following Global Energy
Domestic fuel prices increased following global energy market trends, adding cost pressure on the aviation sector. Vietnam aviation sector assesses impact of Middle East conflict
SKYPEC Issues Official Letter and Customer Communication
Amid aviation fuel prices exceeding USD 180 per barrel, SKYPEC issued Official Letter No. 405/NLHK-TTBSP and sent a communication to customers to update them on market developments.The communication also aimed to coordinate fuel demand management and ensure a stable aviation fuel supply.
Update information →Vietnam’s aviation sector holds meetings to assess fuel cost impacts
Vietnam’s aviation authorities and industry stakeholders held meetings to assess the impact of Middle East tensions on aviation fuel costs and airline operations.
Civil Aviation Authority of Vietnam Meets with Aviation Fuel Suppliers
SKYPEC discussed and proposed management measures to ensure stable aviation fuel supply for flight operations.
Jet A-1 Prices Ease Back Toward the USD 150/bbl Level
The aviation fuel market began to show signs of easing after a period of significant volatility. Jet A-1 prices declined to around USD 150 per barrel, helping to ease fuel cost pressures on airlines and supporting more stable flight operations.
Update information →Current Fuel Market Situation and SKYPEC Supply Update
The fuel market still remains highly volatile. SKYPEC is currently required to purchase Jet A-1 at exceptionally highly price (MOPS). Under these circumtances, Skypec has limited to serve adhoc flights and working intensively with many suppliers and trading partners to maintain fuel availability for our curren customers.
SKYPEC Reports Jet A-1 Supply Risks to Government Authorities
SKYPEC submitted official reports to relevant authorities, including the Civil Aviation Authority of Vietnam,
the Ministry of Industry and Trade, and the Ministry of Foreign Affairs, regarding emerging risks to Jet A-1 supply following export restrictions
imposed by several fuel-producing countries.
The reports outlined disruptions affecting long-term supply contracts with partners in China and Thailand, delayed cargo shipments, and the potential
impact on aviation fuel availability in Vietnam. SKYPEC also requested coordination and support from government authorities to safeguard aviation
fuel supply and maintain stable flight operations.
SKYPEC Requests Airline Cooperation to Manage Jet A-1 Supply Constraints
SKYPEC issued a follow-up communication to airline partners providing updated information on the tightening Jet
A-1 supply situation. The company highlighted export restrictions in several countries, significant delays in cargo loading, and unprecedented
increases in market premiums and benchmark prices.
Airlines were requested to cooperate by reviewing operational plans, considering tankering where feasible, and supporting temporary adjustments to
fuel pricing mechanisms in order to help secure additional supply and maintain stable aviation operations.
SKYPEC Continues Coordination with Airlines to Safeguard Fuel Supply
SKYPEC continued engagement with airline partners to strengthen coordination measures aimed at mitigating the risk of aviation fuel shortages. The company emphasized the importance of joint efforts between fuel suppliers and airlines in managing fuel demand, optimizing operational planning, and identifying potential additional supply sources in the market.
Update information →Jet A-1 Aviation Fuel Price Update
Jet A-1 aviation fuel prices today are around USD 200 per barrel. The average price since the beginning of March is approximately USD 180 per barrel.
Before geopolitical tensions escalated, the average price in February was only around USD 90 per barrel. As a result, current price levels are more than 100% higher than in previous month.
FUEL SURCHARGE APPLICATION – APRIL 2026
In the context of continued volatility in the fuel market and increasing pressure on supply, SKYPEC will implement a fuel surcharge mechanism for Jet A-1 applicable throughout April 2026. Customers are requested to confirm their estimated fuel consumption in advance to enable SKYPEC to proactively arrange and allocate supply. Any deviation from the committed volume will be managed with flexibility, subject to actual supply conditions. SKYPEC remains committed to working closely with customers to ensure safe, stable, and efficient fueling operations during this challenging period.
Escalation of the Middle East conflict
and Skypec actions
Scroll to follow market developments
Geopolitical Tensions in the Middle East Raise Risks to Global Energy Supply
Escalating geopolitical tensions in the Middle East have increased the risk of disruptions to global energy supply chains, particularly around the Strait of Hormuz, a key route transporting approximately 20% of the world’s oil supply.
Update information →SKYPEC Activated Its Internal Response Mechanism
SKYPEC activated its internal response mechanism and held coordination meetings to assess developments in global energy markets and develop response scenarios to ensure stable aviation fuel supply.
SKYPEC Calls for Coordination to Ensure Aviation Fuel Supply
Amid significant volatility in global energy markets, the price of Jet A-1 aviation fuel surged from below USD 100 per barrel to over USD 230 per barrel. SKYPEC notified all relevant units and partners, requesting strengthened coordination to ensure stable aviation fuel supply and maintain uninterrupted flight operations.
Civil Aviation Authority of Vietnam Instructs Airlines to Avoid High-Risk Airspace
Vietnamese aviation authorities instructed airlines to avoid high-risk airspace in the Middle East to ensure flight safety.
Update information →SKYPEC Requests Airlines to Update Flight Schedules
In response to geopolitical developments that could directly affect aviation
fuel supply, SKYPEC proactively contacted airlines and requested updated flight schedules and operational plans
to support supply planning.
At the same time, SKYPEC continued closely monitoring developments in global energy
markets and urgently assessing potential impacts on aviation fuel supply planning.
Airlines Reroute Flights to Avoid Conflict Zones
Several airlines rerouted flights to avoid conflict zones in the Middle East, resulting in longer flight times and increased operational costs.
SKYPEC Holds Coordination Meetings to Secure Fuel Supply
SKYPEC held further internal coordination meetings to assess supply conditions and develop operational measures
to be communicated to customers.
In parallel, SKYPEC reviewed its aviation fuel supply plan and updated airline
fuel demand forecasts to ensure stable refueling operations.
Domestic Fuel Prices Rise Following Global Energy
Domestic fuel prices increased following global energy market trends, adding cost pressure on the aviation sector. Vietnam aviation sector assesses impact of Middle East conflict
SKYPEC Issues Official Letter and Customer Communication
Amid aviation fuel prices exceeding USD 180 per barrel, SKYPEC issued Official Letter No. 405/NLHK-TTBSP and sent a communication to customers to update them on market developments.The communication also aimed to coordinate fuel demand management and ensure a stable aviation fuel supply.
Update information →Vietnam’s aviation sector holds meetings to assess fuel cost impacts
Vietnam’s aviation authorities and industry stakeholders held meetings to assess the impact of Middle East tensions on aviation fuel costs and airline operations.
Civil Aviation Authority of Vietnam Meets with Aviation Fuel Suppliers
SKYPEC discussed and proposed management measures to ensure stable aviation fuel supply for flight operations.
Jet A-1 Prices Ease Back Toward the USD 150/bbl Level
The aviation fuel market began to show signs of easing after a period of significant volatility. Jet A-1 prices declined to around USD 150 per barrel, helping to ease fuel cost pressures on airlines and supporting more stable flight operations.
Update information →Current Fuel Market Situation and SKYPEC Supply Update
The fuel market still remains highly volatile. SKYPEC is currently required to purchase Jet A-1 at exceptionally highly price (MOPS). Under these circumtances, Skypec has limited to serve adhoc flights and working intensively with many suppliers and trading partners to maintain fuel availability for our curren customers.
SKYPEC Reports Jet A-1 Supply Risks to Government Authorities
SKYPEC submitted official reports to relevant authorities, including the Civil Aviation Authority of Vietnam,
the Ministry of Industry and Trade, and the Ministry of Foreign Affairs, regarding emerging risks to Jet A-1 supply following export restrictions
imposed by several fuel-producing countries.
The reports outlined disruptions affecting long-term supply contracts with partners in China and Thailand, delayed cargo shipments, and the potential
impact on aviation fuel availability in Vietnam. SKYPEC also requested coordination and support from government authorities to safeguard aviation
fuel supply and maintain stable flight operations.
SKYPEC Requests Airline Cooperation to Manage Jet A-1 Supply Constraints
SKYPEC issued a follow-up communication to airline partners providing updated information on the tightening Jet
A-1 supply situation. The company highlighted export restrictions in several countries, significant delays in cargo loading, and unprecedented
increases in market premiums and benchmark prices.
Airlines were requested to cooperate by reviewing operational plans, considering tankering where feasible, and supporting temporary adjustments to
fuel pricing mechanisms in order to help secure additional supply and maintain stable aviation operations.
SKYPEC Continues Coordination with Airlines to Safeguard Fuel Supply
SKYPEC continued engagement with airline partners to strengthen coordination measures aimed at mitigating the risk of aviation fuel shortages. The company emphasized the importance of joint efforts between fuel suppliers and airlines in managing fuel demand, optimizing operational planning, and identifying potential additional supply sources in the market.
Update information →Jet A-1 Aviation Fuel Price Update
Jet A-1 aviation fuel prices today are around USD 200 per barrel. The average price since the beginning of March is approximately USD 180 per barrel.
Before geopolitical tensions escalated, the average price in February was only around USD 90 per barrel. As a result, current price levels are more than 100% higher than in previous month.
FUEL SURCHARGE APPLICATION – APRIL 2026
In the context of continued volatility in the fuel market and increasing pressure on supply, SKYPEC will implement a fuel surcharge mechanism for Jet A-1 applicable throughout April 2026. Customers are requested to confirm their estimated fuel consumption in advance to enable SKYPEC to proactively arrange and allocate supply. Any deviation from the committed volume will be managed with flexibility, subject to actual supply conditions. SKYPEC remains committed to working closely with customers to ensure safe, stable, and efficient fueling operations during this challenging period.