Crude oil

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.

Japan's Eneos says 145,000-bpd Sendai CDU shut down since April 16

The unit had just resumed operations on April 14 following an unplanned shutdown on March 31.

Phillips 66, Kinder Morgan move ahead with new U.S. West Coast fuel pipeline

The Western Gateway Pipeline project comes as companies race to build a major new fuel pipeline to the U.S. West Coast ahead of planned refinery closures in California, a relatively isolated fuel market with limited pipeline links to major refining hubs, leaving it vulnerable to supply disruptions and price spikes.

Nigerian airlines threaten to halt flights over soaring jet fuel prices

EU working on jet fuel plan as Iran crisis threatens air travel

Japan refiners run at two-thirds capacity, awaiting crude from outside the Gulf

EU warns of prolonged energy shock, forced cuts if Iran war continues

Europe has not yet faced supply shortages, but is grappling with soaring oil and gas prices and airports have warned the first jet fuel shortages could hit within weeks.

Europe's summer flights at risk as Iran war exposes refining decline

Europe’s oil and gas industry has shrunk dramatically over the past 25 years: North Sea production has dwindled and more than 30 refineries - 16% of refining capacity - have been shuttered across the continent.

Slovak refiner says no deal yet on Adria pipeline tests

The pipeline from Croatia is an alternative oil route to Slovakia and Hungary, and its importance has grown with the Druzhba pipeline - which carries Russian crude and runs through Ukraine - out of operation since the end of January.

Japan's weekly gasoline prices largely flat as subsidies offset price spikes

Japan began to partially release oil stockpiles from March 16 and has also rolled out subsidies to compensate for rising product prices which spiked to all-time highs in mid-March following the U.S.-Israeli war with Iran.