Refining
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.
Fire at India's Rajasthan refinery under control
The fire broke out near the crude distillation unit of the HPCL Rajasthan Refinery Ltd complex and an investigation has been initiated to determine the cause and take remedial measure.
Australia extends relaxed fuel standards to bolster supply
Australia, which imports most of its fuel, has experienced localized shortages as the war, which entered its eighth week on Saturday, has disrupted supply chains.
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.
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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