Middle East
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.
Opinion: Opening Hormuz is the easy part—restoring oil flows isn’t
The immediate impact has been severe. Around 13 MMbpd of oil supply and roughly 300 MMm3d of liquefied natural gas (LNG) have been trapped inside the Gulf, forcing producers to shut in oil fields, refineries and LNG plants and battering economies from Asia to Europe.
How China is plugging energy supply gaps left by U.S.-Iran conflict
China secured roughly half of its total imports of crude oil, refined fuels, liquefied natural gas (LNG) and liquefied petroleum gas (LPG) from the Middle East in 2025.
Oil tankers steer clear of Hormuz ahead of U.S. blockade
The move followed the collapse of weekend talks between Washington and Tehran, prompting President Donald Trumpto say on Sunday the U.S. Navy would enforce a blockade targeting vessels entering and leaving Iranian ports, even as Washington stressed it would not restrict transit through the strait itself.
Saudi Arabia restores full capacity on East-West oil pipeline to 7 MMbpd after attacks
Saudi said on Thursday the attacks had cut its oil production capacity by around 600,000 bpd and throughput on its East-West Pipeline by about 700,000 bpd.
TotalEnergies says SATORP refinery in Saudi Arabia damaged after incidents
Saudi Arabia's oil production capacity has been reduced by around 600,000 bpd following attacks on energy facilities.
Iranian Oil Refining Co. confirms attack on Lavan refinery
The company said the facility was hit at around 10 a.m. (0630 GMT), adding that safety and firefighting teams were working to contain the blaze and secure the site.
- INEOS Inovyn agrees to sell its Italian chlor-alkali business to Esseco Industrial 4/21
- LOTTE Chemical to merge into integrated corporation after spinning off Daesan plant 4/21
- Petronor and H2SITE partner to pioneer high-purity hydrogen production in refining through advanced membrane technology 4/21
- Emerson accelerates edge ecosystem for real-time enterprise operations intelligence 4/21
- Tracerco launches DrumVision™ to deliver real-time process visibility in delayed coking and demanding interface measurement applications 4/21
- IMI signs global framework extension with Solvay for the provision of IIoT sensors 4/21
