Crude oil

Vietnam's largest refinery plans crude tenders, has supplies through June

China asks banks to pause new loans to US-sanctioned refiners

EIA: U.S. crude and fuel inventories fall as Iran war roils energy markets

Fuel inventories also declined, as exports of petroleum products rose to their highest level on record.

Oil supply shock to worsen as inventories fall further even if conflict ends

Oil supplies are set to tighten further in coming weeks even if the U.S. and Iran agree on a peace deal to end their war because it will take weeks for oil shipments to resume from the Middle East Gulf and reach refiners worldwide - so oil companies will continue to deplete storage tanks to meet peak summer demand.

Australia commits $7 B to boost fuel stockpiles, create government reserve

The expanded stockpiles and reserve of around 1 B liters (264 MMgal) will ensure Australia holds at least 50 days of fuel onshore to shield the country from future supply shocks.

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.

TA'ZIZ secures $28.5 B in agreements to expand UAE's chemicals infrastructure

GEA launches enzymatically enhanced GEA eTOP degumming solution

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.

Australia's Viva Energy expects to restart Geelong refinery units in June