Asia/Pacific
Opinion: U.S. crude and fuel exports surge to record highs, but it's not enough
Much of the extra crude is heading to Asia, the region most affected by the effective closure of the Strait of Hormuz, the narrow waterway through which about 20% of the world's supply of crude and refined fuels passed prior to the start of the conflict.
U.S. waiver set to keep Russian oil exports to India near record high
The robust exports to India - the second-largest buyer of Russian crude after China and largest importer of its flagship Urals grade - will likely help Moscow replenish state coffers under pressure due to military spending for the war in Ukraine.
Fire at India's Rajasthan refinery under control
The fire broke out near the crude distillation unit of the HPCL Rajasthan Refinery Ltd complex and an investigation has been initiated to determine the cause and take remedial measure.
Australia extends relaxed fuel standards to bolster supply
Australia, which imports most of its fuel, has experienced localized shortages as the war, which entered its eighth week on Saturday, has disrupted supply chains.
Japan's Eneos says 145,000-bpd Sendai CDU shut down since April 16
The unit had just resumed operations on April 14 following an unplanned shutdown on March 31.
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