Refining
Asia refineries, petchem firms cut runs as Middle East conflict disrupts feedstock supplies
Asian steam crackers, which source more than 60% of their naphtha feedstock from the Middle East, have been quick to declare force majeure on petrochemical supplies to customers.
Hungary's MOL says capacity tests on Adria pipeline to start next week
Hungary and Slovakia are keen to keep supplies coming from Russia and have exemptions from current European Union sanctions.
U.S. airlines no longer hedge fuel costs—that could hurt margins if Iran conflict lingers
Jet fuel prices have risen 15% in the past week, another challenge for an industry already dealing with the fallout from the expanding conflict, with more than 20,000 flights cancelled and thousands of passengers stranded.
South Korea may use fuel price cap to curb consumer prices
The rising risk of a drawn-out conflict has particular significance for South Korea, the world's fourth-largest oil importer, which gets around 70% of its oil from the Middle East.
More tankers come under attack as U.S.-Iran conflict spreads in the region
Nine vessels have come under attack since the conflict broke out between the U.S., Israel and Iran on Saturday. Iran launched a wave of missiles at Israel early on Thursday and also sent drones into Azerbaijan
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