Crude oil

India permits Iranian oil tankers to berth for Reliance

Iranian oil is often transported by a so-called shadow fleet of vessels that lack internationally recognized insurance and safety certifications.

TotalEnergies says SATORP refinery in Saudi Arabia damaged after incidents

Saudi Arabia's oil production capacity has been reduced by around 600,000 bpd following attacks on energy facilities.

Australia, Singapore leaders pledge closer energy ties to tackle global supply shock

The leaders said they agreed to ensure the flow of essential supplies including diesel and LNG, making "maximum efforts" to boost their energy security.

Ireland facing 'very severe' situation due to protester fuel blockades, PM says

Industry group Fuels for Ireland said more than 100 petrol stations had run out of fuel and that number could rise to 500 by tonight.

Japan weighs new release of about 20 days' worth of oil from reserves

Japan, dependent on the Middle East for some 95% of its oil supply, began releasing oil from its stockpiles on March 16 in coordination with other nations and on its own.

Iran ceasefire provides hope, but physical oil markets to remain stressed

Disruptions from the effective closure of the Strait of Hormuz are now working their way through supply chains, and physical markets in Asia are under stress and will remain so for months even if it does reopen fully.

China's teapots seek Iranian oil after prices fall

The Chinese refiners, known as teapots, had largely stayed on the sidelines since the U.S.-Iran conflict broke out in late February, causing global oil prices to surge, while Washington temporarily waived sanctions on Russian, Iranian crude at sea erasing discounts for these cargoes.

Japanese refinery runs at lowest since June 2025 on Middle East supply crisis

Japan began to partially release oil stockpiles from March 16.

Venezuela's refineries down to 31% of crude processing capacity

The South American country has increased oil output and exports since it agreed to a flagship supply pact with the U.S. government in January, but limited power service, outages and need for major repairs and maintenance are creating obstacles to recovering refining operations.

AFR selects Axens as technology provider for Texas (U.S.) refinery