Economics
Charting the widening impact of the Iran crisis on energy markets
The repercussions of the ongoing U.S.-Iran war are being felt across the world, with U.S. fuel prices, European natural gas costs and Asian tanker freight rates all jumping sharply since strikes began at the weekend.
More tankers come under attack as U.S.-Iran conflict spreads in the region
Nine vessels have come under attack since the conflict broke out between the U.S., Israel and Iran on Saturday. Iran launched a wave of missiles at Israel early on Thursday and also sent drones into Azerbaijan
QatarEnergy ceases additional downstream unit production
Economics
/ Environment & Safety
/ Middle East
/ Methanol
/ Petrochemicals
/ Polymers
/ Products
/ Safety
MOL, Slovnaft file formal complaint with European Commission over alleged abuse of monopoly position by JANAF
On 27 January 2026, crude oil deliveries to Hungary and Slovakia via the Druzhba pipeline were interrupted. The pipeline has been out of service since then, significantly increasing the dependence of landlocked Central and Eastern European refineries on the Adria pipeline as the only viable route.
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Construction Boxscore: Project Spotlight
Project:
Long Son Petrochemicals Complex
Location:
Long Son, Vietnam
Operator:
Siam Cement Group
Cost:
$5.4 B
Capacity:
1.65 MMtpy
Completion date:
2023
Status:
Under Construction
