Economics
U.S. gasoline market set for fresh test after near-record stock draws
U.S. gasoline prices have already jumped by 50% to close to four-year highs since the U.S. and Israeli war against Iran began on February 28, and currently average around $4.33 per gallon.
China's crude oil imports slump, but it's economics not altruism
The collapse in China's imports is being framed in media and market commentary as helping Asia adjust to the loss of at least 10 MMbpd of crude from the effective closure of the Strait of Hormuz.
Aramco and PETRONAS Announce Transfer of Full Ownership of PRefChem to PETRONAS
Nigeria's NNPC accuses Dangote refinery of seeking fuel monopoly in court filing
The regulator, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has applied to join the case, widening a legal battle over import policy and Dangote refinery’s market position.
Oil market clock is ticking as supply crunch looms
Before the conflict began on February 28, few experts anticipated that Iran would actually shut down the Strait. Almost no one thought the obstruction would stretch into months.
- Maire signs MoU to explore SAF production in Kazakhstan 6/24
- Moscow oil refinery hit by drone attacks is unlikely to resume production this year 6/24
- ExxonMobil's Antwerp refinery to stop output from June 29–July 3 due to strike 6/24
- Singapore's Aster plans August maintenance for crude, petchem units 6/24
- TotalEnergies must invest in Gulf pipelines to bypass Hormuz, CEO says 6/24
- JERA signs time charter agreements with NYK and MOL for fuel ammonia carriers 6/23

