Environment and Energy
Global Fuel Volatility Reaches Record Levels: JSV Global Warns on Single-Point Forecasting Risk
Following the largest geopolitical oil supply disruption in history triggered by military action affecting Iran in late February 2026, JSV Global founder Jason Venturelli warns that fuel budgeting based on single-point forecasts is now a structural liability. Global oil supply fell by more than 10 million barrels a day in March alone, with WTI crude surging nearly 98% to above $112 a barrel by the second quarter. Jet fuel prices nearly tripled, with IATA projecting full-year 2026 jet fuel prices averaging around $152 a barrel, roughly 70% above 2025 levels, pushing global airline fuel costs toward $350 billion.
