Drone Strike Halts Saudi Arabia’s Largest Oil Refinery
Saudi Arabia shut its largest domestic oil refinery on Monday after a drone strike, as a widening cycle of attacks across the Middle East forced precautionary shutdowns at key oil…
Pakistan Reroutes Oil Supply as Strait of Hormuz Crisis Escalates
Pakistan could seek to be included in Saudi Arabia’s preferred buyers of crude exported from the Red Sea amid the major disruption to tanker traffic in the Strait of Hormuz,…
Fire Disrupts Operations at Ecuador’s Biggest Refinery
The largest refinery in Ecuador was forced to suspend operations after a fire erupted in the pumps at one of the units of the 110,000 barrel-per-day Esmeraldas refinery, Ecuador’s state…
Diesel Jumps 17%, Outpacing Crude Oil After Weekend Conflict
The price of key petroleum fuels soared on Monday as markets opened after the Iran conflict escalated over the weekend, with the jump in diesel futures prices outpacing the surge…
India Mulls Return to Russian Oil as Iran War Halts Middle East Flows
India is considering returning to buying Russian crude amassed in floating storage in Asia as the war in Iran and Tehran’s retaliatory strikes in the region have severely disrupted oil…
