Category: Gasoline

Ukraine Strikes Russian Refinery Deep Inside Russia Again, Demonstrating the Change in Modern Warfare

Clark Savage319

In a striking demonstration of how modern warfare has evolved, Ukrainian forces once again reached deep into Russian territory on July 25, 2026, hitting the Antipinsky (Tyumen) oil refinery more than 2,000 kilometers from the Ukrainian border. The attack sparked a significant fire at the facility in western Siberia, underscoring Ukraine’s expanded long-range drone capabilities […]

Continue Reading

Brent Crude Surges Above $86 as Iran Strikes UAE Tankers in Hormuz, Russian Oil Infrastructure Takes More Hits, and Chokepoint Risks Mount

Clark Savage435

The Refining Capacity Shortage and Demand Destruction Quest Brent crude oil prices surged more than 3% today, breaking above $86 per barrel (reaching $86.06 in early London trading). This extends a sharp ~12% rally since Friday, driven by escalating geopolitical risks across key oil chokepoints and infrastructure. The immediate spark came from Iranian cruise missile […]

Continue Reading

California is ramping its war with the White House over Energy

Clark Savage171

California is escalating its legal and political confrontation with the Trump administration over energy policy. As detailed in a recent OilPrice.com analysis, Governor Gavin Newsom’s administration and state officials are pushing back hard against federal actions favoring fossil fuels, including the reallocation of offshore wind funds, challenges to the California Coastal Commission, and the use […]

Continue Reading

China Tells Refiners to Keep Fuel Output High as the Iran and Ukraine Wars Drag On

Clark Savage661

Beijing has directed at least two major Chinese refineries to maintain or even increase processing rates to ensure adequate domestic supplies of gasoline, diesel, and other fuels. This comes amid renewed threats to crude shipments through the Persian Gulf tied to the ongoing Iran conflict, according to people familiar with the matter cited by Bloomberg […]

Continue Reading

Russia’s Fuel Crisis Just Reached New Levels, and Second-Order Impacts Will Be Global

Clark Savage851

Russia’s domestic fuel shortage has escalated dramatically in July 2026, moving beyond diesel queues at gas stations to kerosene shortages, grounded or limited flights, and export bans on key refined products. Ukrainian drone strikes on refineries and the shadow fleet tankers are removing substantial refined product supply from both domestic and global markets. This is […]

Continue Reading

Anas Alhajji Asks the Right Questions: How Long Can Strong U.S. Petroleum Product Exports Continue Before Causing Domestic Shortages and Price Spikes?

Clark Savage555

Energy markets are flashing warning signs as U.S. petroleum product exports remain near record highs while domestic inventories tighten amid escalating geopolitical risks in the Middle East. Veteran energy analyst Anas Alhajji (@anasalhajji) highlighted these concerns in his July 9, 2026, Daily Energy Report on X and Substack, posing a series of pointed questions that […]

Continue Reading

Calls for Oil Glut May Not Consider Realistic Oil Movements and Exploration

Clark Savage449

Recent analyst predictions of an impending oil glut and sharply lower prices have gained traction amid falling benchmark crude prices and reports of recovering tanker flows through the Strait of Hormuz. However, a closer look at actual oil movements, inventory dynamics, refinery constraints, and exploration activity suggests these calls may be getting ahead of reality. […]

Continue Reading