Refining
U.S. airlines no longer hedge fuel costs—that could hurt margins if Iran conflict lingers
Jet fuel prices have risen 15% in the past week, another challenge for an industry already dealing with the fallout from the expanding conflict, with more than 20,000 flights cancelled and thousands of passengers stranded.
South Korea may use fuel price cap to curb consumer prices
The rising risk of a drawn-out conflict has particular significance for South Korea, the world's fourth-largest oil importer, which gets around 70% of its oil from the Middle East.
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
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.
Russia prepared to divert oil to India as Middle East conflict disrupts flows
India is vulnerable to supply shocks, with crude stocks covering only about 25 days of demand, while refiners hold similarly limited inventories of gasoil, gasoline and liquefied petroleum gas.
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