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Bloomberg reports the Iran war's jet fuel shortage is spreading from Asia to Europe as Hormuz stays blocked, with record prices and cancelled flights. Alkagesta, a Bloomberg-cited supplier into Europe's NATO CEPS pipeline, is exposed to the same tightening barrels.
For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shortage, and traders have gone bullish. They are especially bullish on fuels in the United States, it seems. The world’s biggest crude oil consumer and the biggest exporter of crude and fuels has not managed to avoid a supply squeeze at…
Ukraine continues to pound Russian refineries in nearly daily drone attacks that damage refining infrastructure, deepen the fuel crisis in Russia, and tighten global fuel markets. In the latest attack on Monday night, Ukrainian forces hit the 180,000-barrels-per-day Afipsky refinery in the southern Russian region of Krasnodar. A fire broke out at the refinery as a result of the strike, the governor of the Krasnodar region, Veniamin Kondratiev, wrote in a post on Telegram on Tuesday. At least 10 homes were damaged in the Afipsky village and…
Russia receives Indian gasoline cargo as fuel shortages bite Reuters
Russia's parliament approves tax changes to address fuel shortages Reuters
Russia Fuel Shortages: Refinery Attacks & Export Shifts Kpler
Ship operators fear fuel shortages as Iran war squeezes supply PBS
Bunker fuel shortages loom after US counter blocks Strait of Hormuz Journal of Commerce
Bunker fuel shortages in Asia at tipping point as war disruption continues Journal of Commerce
Russia extends gasoline export ban as fuel shortages persist The New Voice of Ukraine
As Ukraine hits refineries, Russia bans diesel & petrol export amid fuel shortage Firstpost
