Aviation Fuel
Equinor: Iran war lifts Asia-Pacific interest for Norwegian petroleum products, LNG
The conflict has effectively closed the Strait of Hormuz, a choke point for energy exports from producers in the Gulf, especially affecting clients in Asia.
Booming U.S. energy exports draw scrutiny as domestic fuel prices bite
U.S. exports of gasoline, diesel, crude oil, LNG, jet fuel and ethane all surged to record highs so far in 2026 as energy firms capitalized on the disruptions to Middle East shipments and catered to urgent orders from customers around the world.
Repsol plans to boost jet fuel output as Iran war disrupts global supply
The company expects to produce between 560,000 and 570,000 barrels of oil equivalent per day (boed) in 2026, which could increase, depending on improvement in Venezuela.
Australian foreign minister says China has agreed to cooperate on jet fuel exports
Australia, which imports most of its fuel, has experienced localized shortages since the Middle East conflict that began in February.
Europe's jet fuel imports from Middle East stop, raising supply crunch fears
European countries that are part of the Organization for Economic Co-operation and Development grouping of industrialized nations consume about 1.6 MMbpd of jet fuel and kerosene, while regional refineries produce only around 1.1 MMbpd, leaving a shortfall of at least 500,000 bpd that imports must cover.
Asia deepens refining cuts due to Iran war, putting diesel and jet fuel supplies at risk
Asia, which accounts for 37% of global refining output and ordinarily sources two-thirds of its crude from the Middle East, has been hardest-hit by the closure of the Strait of Hormuz, with run cuts at refiners in the region exacerbating tight fuel supply and keeping prices elevated.
Europe's response to the Iran war energy crunch
Central to the EU proposals is a focus on reducing reliance on oil and gas, to cushion against future fossil fuel supply disruptions and price spikes.
Spain says it would actively participate in potential EU jet fuel sharing
The U.S.-Israeli war with Iran and Tehran's retaliation have sparked a supply crisis, with European airlines calling on the EU to deploy emergency measures to address growing concerns over jet fuel shortages.
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- Philippines receives rare Iranian crude cargo after wartime disruption 5/29
- Gazprom and Sibur resume talks on possible ethane project to supply additional feedstock to the Kazanorgsintez petrochemicals plant 5/29
- European Commission debates policy shift to protect industry from China 5/29
- Mitsui seeks LNG investments to meet power demand from data centers 5/29
- Kenyan government backs Gulf fuel supply deals after opposition criticism 5/29
