Topic
fuel crisis
Commodities India's Surging Refined Product Exports Ease Asia Fuel Crisis, Says Russell
India's exports of light and middle distillates are expected to reach 1.55 million barrels per day in July, the second-highest level in Kpler records since 2017, easing Asia's fuel crisis. The surge is driven by soaring product premiums after the breakdown of the US-Iran ceasefire, with Brent crude rising 34% from its post-deal low. Other exporters like Oman and Taiwan are also boosting output, but Asia's imports remain 18% below pre-conflict levels, indicating continued tightness.
Logistics Ukraine's Tanker and Refinery Campaign Deepens Russia's Fuel Crisis
Ukraine escalated its campaign against Russian maritime and refinery infrastructure, hitting over 20 shadow fleet tankers in the Kerch Strait and disabling major refineries including Omsk, deepening a fuel crisis that now affects more than 50 Russian regions. The campaign has also sparked diplomatic tensions with Greece after a Ukrainian sea drone was found near Lefkada.
Trade Ukraine Strikes Escalate Russia's Fuel Crisis
Ukraine's intensified drone strikes on Russian-occupied territories have exacerbated Russia's fuel crisis, disrupting supply lines and causing severe shortages in Crimea. The strikes have targeted key logistics routes, affecting both civilian and military supplies.