Crude oil
Not everybody is a loser from the Iran war—just ask Brunei
The focus from the Iran conflict has largely been on the increasing cost the world is having to pay through higher crude oil and natural gas prices resulting from the effective closure of the Strait of Hormuz.
India ethanol push drives big rise in land farmed to make fuel
India depends on imports for some 85% of its oil, so using more ethanol, made from crops such as sugarcane, rice and maize, is central to its plans to boost its energy security and reduce planet-heating emissions.
Pakistan plans oil reserves, storage push as Hormuz constraints expose vulnerabilities
Despite depending on supplies through the Strait of Hormuz for up to 90% of its oil and liquefied natural gas imports, Pakistan has no strategic petroleum reserves.
Indian refiners' April crude processing drops 8.9% from a month earlier
India is the world's third-biggest oil importer and consumer.
Aramco and PETRONAS Announce Transfer of Full Ownership of PRefChem to PETRONAS
Sri Lanka in talks to buy fuel from China and Russia
Sri Lanka, which imports all of its fuel, has been hit hard by energy market fallout from the Iran war, pushing authorities to hike fuel prices by 40%, ration fuel sales, and declare Wednesdays as public holidays.
- Bechtel greenlit for Sabine Pass Liquefaction expansion in Southwest Louisiana (U.S.) 5/29
- 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
