refineries

Gulf fuel exports lag as crude shipments near prewar levels

Gulf crude shipments have almost returned to where they were before the US-Iran war, but exports of diesel and other refined fuels have not. Refineries damaged in the war are still offline, and the Strait of Hormuz remains a bottleneck.…

Hormuz crude flows rebound, but diesel stays scarce

Tankers are carrying crude oil through the Strait of Hormuz in volumes close to prewar levels again. Very little diesel and other refined fuel is moving with it, though, and damaged Gulf refineries are keeping the world short of the…

Global diesel squeeze deepens as refinery disruptions slash supply ahead of winter

The world's refined oil product markets are heading into winter under mounting strain, as refinery disruptions from the wars in Iran and Ukraine collide with seasonal demand and dwindling inventories. The International Energy Agency warned in its September report that…

Adnoc in talks to buy stakes in PTT, Dangote refineries

Abu Dhabi National Oil Co. is in discussions to acquire stakes in refineries operated by units of Thailand's PTT and Nigeria's Dangote, as the state-backed energy giant seeks to lock in customers for its crude oil and build out its…