Aviation Fuel
Australia commits $7 B to boost fuel stockpiles, create government reserve
The expanded stockpiles and reserve of around 1 B liters (264 MMgal) will ensure Australia holds at least 50 days of fuel onshore to shield the country from future supply shocks.
Israel to transfer jet fuel to Germany following Hormuz crisis
Concerns about a jet fuel supply crunch due to the war in Iran disrupting Middle East supplies have been growing in Europe, particularly as the peak summer travel season nears.
Equinor: Iran war lifts Asia-Pacific interest for Norwegian petroleum products, LNG
The conflict has effectively closed the Strait of Hormuz, a choke point for energy exports from producers in the Gulf, especially affecting clients in Asia.
Booming U.S. energy exports draw scrutiny as domestic fuel prices bite
U.S. exports of gasoline, diesel, crude oil, LNG, jet fuel and ethane all surged to record highs so far in 2026 as energy firms capitalized on the disruptions to Middle East shipments and catered to urgent orders from customers around the world.
Repsol plans to boost jet fuel output as Iran war disrupts global supply
The company expects to produce between 560,000 and 570,000 barrels of oil equivalent per day (boed) in 2026, which could increase, depending on improvement in Venezuela.
Australian foreign minister says China has agreed to cooperate on jet fuel exports
Australia, which imports most of its fuel, has experienced localized shortages since the Middle East conflict that began in February.
Europe's jet fuel imports from Middle East stop, raising supply crunch fears
European countries that are part of the Organization for Economic Co-operation and Development grouping of industrialized nations consume about 1.6 MMbpd of jet fuel and kerosene, while regional refineries produce only around 1.1 MMbpd, leaving a shortfall of at least 500,000 bpd that imports must cover.
Asia deepens refining cuts due to Iran war, putting diesel and jet fuel supplies at risk
Asia, which accounts for 37% of global refining output and ordinarily sources two-thirds of its crude from the Middle East, has been hardest-hit by the closure of the Strait of Hormuz, with run cuts at refiners in the region exacerbating tight fuel supply and keeping prices elevated.
- Phillips 66 greenlights new gas plant and fractionator projects, advancing integrated wellhead-to-market strategy 5/18
- OXEA and Air Liquide renew syngas and hydrogen supply agreement for Oberhausen site 5/18
- Commonwealth LNG gets green light to start construction of $13-B, 9.5-MMtpy LNG terminal 5/15
- ARENA to drive Australia's $1.1-B Cleaner Fuels Program 5/15
- Japan’s first green ammonia plant based on KBR’s K-GreeN process now fully operational 5/15
- Repsol's Chairman asserts the role of refining as a strategic industry for Spain and for Europe 5/15

