#refining-industry

#refining-industry

"A more decentralized energy system, with a growing share of renewables and more market players, is structurally more resilient. Countries that invested in the energy transition are weathering this crisis with less economic damage, as they boost energy security, resilience and competitiveness."

Major indices, including the Nasdaq Composite, S&P 500, and Dow Jones Industrial Average, all recorded gains, with the Nasdaq delivering its strongest weekly performance since November.

The war in Iran has created an energy shock in Africa, as the continent relies heavily on oil and gas imports from the Middle East.

The Energy Select Sector SPDR Fund (XLE) is the most widely held energy ETF in the U.S., with roughly $38 billion in net assets, spanning the full energy value chain.

Australia's economic insulation is no longer guaranteed by geography, as geopolitical unrest in the Middle East can swiftly impact its economy through international energy markets.

KeyBanc's revised oil deck reflects a materially stronger crude environment than previously modeled, with dislocations in global crude and refined products expected to persist into summer.

The war has effectively blocked the Strait of Hormuz, the world's most important oil route, since the end of February and cut exports from OPEC+ members Saudi Arabia, the United Arab Emirates (UAE), Kuwait and Iraq.

India has not received a cargo from Tehran since May 2019, following US pressure not to buy Iranian crude. New Delhi has turned to Tehran for energy supplies as the Iran war rattles supply.

It may be too late for Trump to negotiate from a position of strength with Iran. The conflict has raised the risk of a worldwide recession.

The analysis of energy imports reveals significant variations in the percentage sourced from the Middle East across different regions, indicating a complex global energy landscape.

From 28 March, Prime Minister Mostafa Madbouly announced that emergency energy-saving measures will run for one month to reduce consumption and ease pressure on supplies.

The war on Iran has created a ripple effect in the global oil market, leading to increased prices and supply shortages that could push Africa to rethink its energy strategies.

Refiners will soon start the switch to so-called summer blends, which don't vaporize as easily, to meet air pollution requirements. It's more expensive and time-consuming to create fuel that's resistant to evaporation, explains Aixa Diaz, an AAA spokesperson. What's next: The seasonal cost rise typically starts at the end of February or early March as "spring break season kicks off and refineries start production of summer-blend gasoline," Diaz said via email.