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OIL REFINERY SUPPLY SHORTAGES
Diesel prices surpass jet fuel in Europe as global supply tightensEuropean diesel costs more than jet fuel for the first time in over a year. Jet fuel imports to Europe have risen significantly while diese...- Ukraine's drones hit a major Russian refinery 800 miles from the border, sparking a fireUkrainian drones struck a major Russian oil refinery and a naval base. Russia retaliated with missile and drone attacks across Ukraine. The...
- Global oil supply shortfall to deepen as Hormuz reopening remains elusive, IEA saysGlobal oil supply will fall by 4.3 million barrels daily this year. Renewed Middle East hostilities are disrupting supplies and deepening t...
- Tripura's TSECL earns Rs 1,165.37 crore supplying electricity to Bangladesh in 10 yearsTripura State Electricity Corporation Limited has earned over Rs 1,165 crore in the past decade by supplying power to Bangladesh, Power Min...
- Russia’s petrol crunch sends Moscow shopping for Indian fuelRussia has imported petrol from India for the first time as Ukrainian attacks on its refineries deepen domestic fuel shortages. Kpler data ...
- Trump told Ukraine it had no cards. Then Kyiv took the war to RussiaUkraine has intensified long-range drone and missile strikes deep inside Russia, targeting oil infrastructure, defence facilities and air d...
- Oil Price Today (August 12): Crude oil reclaims $90 again after fresh attacks on ships. What are experts saying?Brent crude futures were up 72 cents, or 0.81%, at $89.63, while US West Texas Intermediate (WTI) crude gained 71 cents, or 0.85%, to $83.9...
- Why the US-Iran war continues to disrupt oil marketsThe oil market is witnessing unprecedented volatility amid the intensifying US-Iran hostilities. Iran's surprising maneuver to shut down th...
- Russian aerial attacks kill 9 in Ukraine as Zelenskyy warns Moscow is getting more North Korea helpRussian forces attacked Ukrainian cities with missiles and drones, causing civilian casualties. President Zelenskyy stated Russia received ...
- Oil Price Today (August 11): Crude oil rises to $88 after Trump's compensation demand dents Hormuz opening. Here's whyBrent crude futures were flat at $88 a barrel or 0.35%, while US West Texas Intermediate crude futures stood at $83.50, up 0.40% a barrel. ...
- Ukraine kills 13, including a child, injures 39 in drone strikes on Russian city of Nizhnekamsk: MayorA Ukrainian drone attack on Nizhnekamsk killed thirteen people and injured thirty-nine. The strike targeted industrial and civilian sites, ...
- Oil climbs 5% as Iran, US both demand compensation and Hormuz hopes fadeOil prices rose significantly as Iran and the United States exchanged compensation demands. Prospects for reopening the Strait of Hormuz di...
- Saudi Aramco delays Jazan oil refinery restart to August 30, IIR note showsSaudi Aramco has delayed the Jazan refinery restart by two weeks. The facility shut down on July twenty-seventh after a Houthi attack. Yeme...
- India's Russian crude imports hit record for second straight monthIndia's Russian crude oil imports reached a record in July, increasing by 2.1 percent. This surge was primarily fueled by smaller import te...
- $48 billion profit! 5 global oil majors cash in on oil surge amid Iran war. Where is money flowing?Five global oil majors — Exxon Mobil, Chevron, BP, Shell and TotalEnergies — posted a combined $48 billion profit in Q2, benefiting from oi...
- Oil minister Hardeep Singh Puri dismisses concerns about fuel adulterationHardeep Singh Puri addressed the issue of fuel adulteration, asserting that concerns over it are baseless. A nationwide investigation uncov...
- Russia's oil output rises in July on firm exports, refinery run recovery, sources sayRussia's crude and condensate output rose in July, exceeding nine million barrels daily. Strong oil exports and refinery recovery supported...
- Russia's western oil exports to rise 4% in August on refinery disruptionsRussian oil shipments from western ports are set to increase by four percent in August. This rise is driven by domestic refinery attacks an...
- Iran war ushers in oil refining golden era. It won't lastWar-driven supply disruptions have turned oil refining into Big Oil's biggest profit engine, but Reuters columnist Ron Bousso says the wind...
- Kyiv hits Rosneft refinery, Engels air base in RussiaThe renewed attacks threaten to disrupt Russia's fuel supplies just as several regions had begun easing restrictions on gasoline and diesel...
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