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Recent refinery attacks related to the wars in Iran and Ukraine have disrupted nearly 9% of global oil refining capacity, exacerbating a fuel supply crisis and causing crude prices to surge, with a recovery expected to take months even if hostilities cease. #OilCrisis #RefiningCapacity #EnergySupply #IR #UA #SA #KW #RU #NG

Recent refinery attacks linked to the wars in Iran and Ukraine have disrupted nearly 9% of global oil refining capacity, exacerbating fuel supply shortages and likely delaying recovery for months, as crude prices soar and refiners struggle to meet demand. #OilCrisis #RefineryCapacity #EnergySupply #IR #UA #SA #KW #RU #NG

The International Energy Agency reports that the oil market is expected to remain in deficit until the end of the year due to ongoing disruptions in the Strait of Hormuz, which have led to significant supply constraints, record depletion of global inventories, and increased risk of price volatility. #OilMarket #EnergySupply #PriceVolatility #US #IL #IR #SA #AE #RU

The International Energy Agency warns that the oil market is expected to remain in deficit until late 2023 due to ongoing supply disruptions in the Strait of Hormuz caused by regional conflicts, leading to significant depletions of global inventories and increased price volatility. #OilMarket #EnergySupply #PriceVolatility #US #IL #IR #SA #AE #RU

The U.S. Energy Information Administration has significantly revised its forecasts, predicting a more prolonged and severe impact on global oil supplies due to the Iran war, leading to increased oil prices and reduced demand, with expectations of a dramatic decline in global inventories and potential future price hikes if the Strait of Hormuz remains closed. #OilMarket #EnergySupply #MiddleEastConflict #US #IR

A shipment of crude oil from the U.S. Strategic Petroleum Reserve is heading to Turkey, marking the first delivery of U.S. emergency reserve oil to the Mediterranean nation, as the U.S. releases 172 million barrels to combat rising prices amid disrupted global supplies due to the Iran conflict. #OilMarket #EnergySupply #CrudeOil #US #TR #IR #IT #NL

The ongoing closure of the Strait of Hormuz poses significant risks to both electric vehicle production and consumer goods in India, as it disrupts the supply of sulphur crucial for battery materials, thereby inflating prices and potentially constraining production in the metal mining industry. #ElectricVehicles #SupplyChain #EnergySupply #AU #IN #ID #CN #AE #SA

The ongoing US-Israel conflict with Iran has elevated jet fuel prices and underscored supply chain vulnerabilities, although experts remain divided on the immediacy of shortages, prompting discussions on the resilience of fuel supply systems and the potential for alternative sources to mitigate future disruptions in air travel. #OilMarkets #JetFuel #EnergySupply #US #IL #IR #UK #NG

What happens is that the Ormuz area supplies CHI with 40% of the oil it consumes, JPN with 72%, and SK with 68%. Are these countries going to accept continuing to pay outrageous prices for the crude they need? (Original: 2/2. Lo que sucede es que de la zona de Ormuz CHI obtiene el 40% del petróleo que consume, JPN en 72% y SK el 68%. ¿Van a aceptar estos países seguir pagando salvajadas por el crudo que necesitan? https://t.co/NTCTlv4np8) #OilPrices #Ormuz #EnergySupply #CHI #JPN #SK

Le prix de l'essence en France a atteint mercredi des sommets depuis le début de la guerre au Moyen-Orient, avec une hausse significative des prix, tandis que le gouvernement rassure sur l'absence de marges abusives des distributeurs et sur la disponibilité du kérosène pour les voyageurs aériens cet été. #FuelPrices #EnergySupply #EconomicImpact

Goldman Sachs warns that global oil stocks are nearing their lowest levels in eight years, with supplies through the Strait of Hormuz restricted and prices spiking by 6% following recent attacks, as total oil stocks could decrease from 101 to 98 days of global demand by the end of May amidst concerns over rapid depletion and supply losses. #OilMarket #GlobalEconomy #EnergySupply #IR #AE #US

Goldman Sachs warned that global oil stocks are nearing their lowest level in eight years, with estimates predicting a drop from 101 to 98 days of supply by the end of May, exacerbated by escalating tensions in the Strait of Hormuz following attacks on ships and a UAE oil port, which led to a 6% surge in oil prices. #OilMarket #GlobalEconomy #EnergySupply #IR #AE #US

The article highlights Europe's reliance on Middle Eastern aviation fuel, particularly from the Gulf, as supply risks rise due to geopolitical tensions and recent price increases, prompting Lufthansa to reduce its European network despite ensuring continued access to global routes. #AviationFuel #JetFuelPrices #EnergySupply #IR #KW #UK #DE #PL #NO

Asian ship owners may soon navigate the Strait of Hormuz amidst a fragile U.S.-Iran ceasefire, as they possess a higher risk tolerance and the ability to manage toll payments, unlike Western firms constrained by sanctions, while concerns over safety and increased costs continue to impact shipping traffic in the region. #Shipping #EnergySupply #StraitOfHormuz #IR #IN #CN