Crude oil

Russia discusses importing fuel amid Ukrainian strikes, Crimea restricts public life

Numerous regions across Russia, the world's third-largest crude producer, have reported restrictions on fuel sales, rising prices of oil products and long queues at filling stations.

Asia has plenty of crude oil, but refined fuels remain tight

The world's top energy-consuming region is expected to import about 22.18 MMbpd of crude in June, up from 20.35 MMbpd in May.

China's May refined oil exports rise from April under restrictions, Australia receives agreed volume

China's May gasoline, diesel and jet fuel exports rose from April to major destinations in Southeast and South Asia, but were still significantly less than a year earlier due to export restrictions imposed over the Iran war to safeguard domestic supply.

Iraq to export crude, naphtha through Syria after Hormuz shock

The move would broaden an arrangement that has seen Iraq export fuel oil through the Mediterranean port of Baniyas after the effective closure of the Strait of Hormuz, which sharply curtailed Gulf export routes for OPEC's second-largest producer.

EIA: U.S. crude inventories decline for tenth week to over 40-yr low

The total stocks, including those from the strategic petroleum reserve, have fallen by 96.25 million barrels since the start of the Iran war, as countries around the globe have called on U.S. oil and products to fill supply gaps.

OPEC sticks to robust oil demand outlook, sees no peak on horizon

The 11-member Organization of the Petroleum Exporting Countries depends on oil for a large part of government income, and its views on demand are higher than those of others in the industry, such as the International Energy Agency.

IEA sees significant 2027 oil surplus after Hormuz recovery

The Iran war is estimated to have blocked more than 14 MMbpd of Middle East oil output.

Opinion: China used crude stockpiles to ease Iran shock, but not that much

For the first time in 14 months China's refiners processed more crude in May than was available to them from both imports and domestic production.

Circularity Fuels converts raw dairy biogas to jet fuel in world first end-to-end pilot

Opinion: Is the Iran war just an energy shock—or a turning point?

At least 1 billion barrels of crude oil and refined products have been lost from Middle East producers such as Iraq, Kuwait, the United Arab Emirates and Iran itself. As much as 20% of global liquefied natural gas supply is also trapped in the narrow waterway between Iran and Oman.