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Recent refinery attacks related to the wars in Iran and Ukraine have significantly reduced global oil refining capacity by nearly 9%, leading to a fuel supply crisis and high crude prices, with experts predicting that a return to normal levels could take several months even if the conflicts were to end swiftly. #OilMarket #FuelSupply #EnergyCrisis #IR #UA #SA #KW #RU #NG #EU

Prime Minister Narendra Modi urged the public on May 10 to refrain from purchasing gold and to reduce the use of cooking oil amid global uncertainties, leading the Petroleum Ministry to assure that India's refineries are operating at full capacity and sufficient stocks of petrol, diesel, and LPG are available. #EnergyConservation #FuelSupply #EconomicStability #IN #IR #AE

The ongoing conflict between the United States and Iran has severely impacted refined fuel exports in Asia, with jet fuel and diesel shipments plummeting to multi-year lows due to the effective closure of the Strait of Hormuz, leading to significant price increases and supply shortages in the region. #OilMarket #FuelSupply #Geopolitics #AU #US #IR #CN #IN #AE #JP #KR

TotalEnergies has ramped up production at its Gonfreville refinery to full capacity to safeguard the French market from external supply disruptions, ensuring a steady supply of essential fuels like diesel and kerosene amidst global logistical challenges and geopolitical tensions. #EnergySecurity #RefineryOperations #FuelSupply #FR

DHL Group's CEO expressed confidence in securing jet fuel for European operations into June, despite uncertain supplies in Asia due to the ongoing Iran war, which has disrupted air traffic and increased demand for their services. #Logistics #FuelSupply #AirTransport #DE #EU #IR #CN #SG #IN

The European Commission has launched a new 'fuel observatory' to track jet fuel stocks amidst concerns about potential shortages in Europe, exacerbated by the energy crisis stemming from geopolitical tensions, with EU Energy Commissioner Dan Jørgensen warning that the impact could lead to long-lasting price increases and significant economic challenges ahead. #EnergyCrisis #FuelSupply #EUjetFuel #EU #US #IL #IR

The European Commission has launched a new 'fuel observatory' to track jet fuel stocks amidst concerns about potential shortages in Europe, exacerbated by the energy crisis stemming from geopolitical tensions, with EU Energy Commissioner Dan Jørgensen warning that the impact could lead to long-lasting price increases and significant economic challenges ahead. #EnergyCrisis #FuelSupply #EUjetFuel #EU #US #IL #IR