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U.S. Fuel Exports Hit Record High as Hormuz Crisis Reshapes Global Energy Flows
US oil product exports surged to a record 8.2 million barrels per day last week as countries scrambled to replace fuel supplies disrupted by the Hormuz crisis, according to Bloomberg reporting, which noted that diesel exports led the increase and reached an all-time high.Countries are now competing for refined products, including diesel, jet fuel, and gasoline as shipping disruptions around Hormuz destabilize downstream fuel systems tied to transportation, aviation, and industrial activity. Europe’s growing jet fuel shortages and rising…
Germany Seeks Israeli Jet Fuel As Hormuz Disruptions Cripple Airlines
Israel will begin supplying jet fuel to Germany after Berlin requested assistance as the Hormuz crisis starts disrupting aviation fuel flows into Europe. Israeli Foreign Minister Gideon Sa’ar informed Germany’s economy and energy ministry during meetings in Berlin this week that Israel would approve shipments after determining it had surplus jet fuel production capacity, according to Israeli media reports. Israeli officials said the shipments would be coordinated through domestic refining companies, with export volumes and delivery…
Lufthansa Warns Strait of Hormuz Closure Will Add $2 Billion in Fuel Costs
Lufthansa Group expects the surge in jet fuel prices to cost it an additional $2 billion this year as the closure of the Strait of Hormuz “is leading to a shortage in kerosene supply and thus to a significant increase in kerosene prices,” Europe’s biggest airline said on Wednesday. Lufthansa expects strong summer travel numbers, but it warned that “At the same time, the current closure of the Strait of Hormuz is leading to a shortage in kerosene supply and thus to a significant increase in kerosene prices.” The war…
Energy Desk
Average U.S. Gasoline Price Tops $4.50 to Near Four-Year High
Live: Oil Prices Fall Below $100 as Trump Say Iran War May Be Coming To End
Saudi Arabia Cuts June Oil Prices by Less Than Expected as Hormuz Risks Persist
US Pauses Plan to Aid Ships through Hormuz while Seeking Deal
What the Strait of Hormuz fuel crisis means for air travel
Bus-tanker crash kills 16 in Indonesia: disaster agency official
Deadly passenger bus crash in South Sumatra leaves 16 dead
Lagarde Urges Europe to Reduce Energy Import Dependency
Oil Falls as Ceasefire Holds
Trump Turns to Courts to Shield Big Oil from Climate Lawsuits
Anthropic to use all of SpaceX-xAI's Colossus 1 data center compute
