EnergyEnergy: changes to oil or gas supply can affect Gulf export revenue and Kuwait fuel costs.
Oil Refineries Become Prime Targets as Global Fuel Shortage Worsens
In simple terms
Ten years ago, European countries were closing refineries while Gulf oil states were building new ones. Now, many of these refineries have been damaged in the war between the U.S. and Israel, and Iran. Fuel output from one of the biggest refining regions is not going to return soon.
Earlier coverage
Earlier coverage on GreyNews
- Scorpio Tankers Reports $181,000-a-Day LR2 Rates as Middle East War Upends Oil TradeOct 28, 2026 · gCaptain
- Oil Prices Climb as Houthi Attacks Reignite Saudi Supply FearsOct 28, 2026 · OilPrice
- Trump shows off tanker with ‘1m barrels of oil’ and floats Venezuela as 51st stateOct 27, 2026 · The Guardian
- Acting oil minister in Moscow: trilateral energy co-op, Iran–Russia gas swap via AzerbaijanOct 27, 2026 · Tehran Times
- ENGINE: East of Suez Bunker Fuel Availability OutlookOct 27, 2026 · Hellenic Shipping News
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