Oil refining
Australia rules out fuel restrictions after fire at its largest refinery
The fire was brought under control after about 12 hours
Asia relying on US crude to replace Middle East supply
The war in Iran and near closing of the Strait of Hormuz has choked off crude flows to Asia
Australia says refinery fire may hit petrol production more than diesel, jet fuel
The refinery supplies more than 50 per cent of Victoria’s fuel and 10 per cent of Australia’s
India’s refiners delay maintenance to stabilise fuel supplies
The government has invoked emergency measures, directing refiners to maximise LPG output for safeguarding cooking fuel supplies for households
China tells private refiners to keep up fuel output at all costs
Any refineries that cut run rates and produce lower volumes will have their oil import quotas cut accordingly for the coming years
Trump shelves military strike ultimatum on Iran, but not before South-east Asian markets hit the skids
Still, Malaysia and Singapore equities are hit the least since Middle East conflict erupted, defying regional gloom
Scramble for jet fuel shows how energy shortages are rippling across Asia
Global fuel system magnifies the issue, as oil-extracting nations often lack refining capabilities
Asian refiners scour the world for oil with Hormuz flows halted
Asia, which depends heavily on crude from producers in the Persian Gulf, faces the greatest exposure to the disruption
Trump to invoke emergency law for offshore oil producer Sable
California relies heavily on foreign crude, which made up about 61% of the oil used by its refineries last year
China’s energy security push pays off as war roils Asia refiners
Beijing has moved swiftly to curb diesel and petrol exports to conserve domestic supply
