Russia, Ukrainian drone and oil refinery
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Oil Price US on MSN
Big Oil Warns Global Fuel Stocks Are Running Dangerously Low
Refining capacity has been hit by wars and export restrictions, with disruptions in the Middle East and Ukraine, China's fuel export caps, and Russia's diesel export ban squeezing global fuel supplies.
Oil refining activity surges despite Iran war disruptions. Crude oil reaching a new all-time high by September 30 at 5.9% YES, by December 31 at 14.5% YES.
The owner of Georgia’s sole oil refinery said it will complete a shift to processing only non-Russian crude by the end of September after the European Union imposed sanctions last month.
Indian Oil Corp. Ltd. is progressing with completion of major capacity expansions at its Panipat, Koyali, Barauni, and Paradip refineries, with full commissioning of the