strikeAug 2, 2026

High fuel prices to endure as global conflicts hit refining capacity, warn Exxon and Chevron

Summary

High fuel prices to endure as global conflicts hit refining capacity, warn Exxon and Chevron Nearly 10% of the world’s ability to refine crude oil is effectively offline - The aftermath of an attack near the Ryazan oil refinery in Russia’s Ryazan region on May 15, amid the Russia-Ukraine conflict.

Source: The Business Times — Read the full report

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Sources

The Business TimesBy The Business Times
High fuel prices to endure as global conflicts hit refining capacity, warn Exxon and Chevron Nearly 10% of the world’s ability to refine crude oil is effectively offline - The aftermath of an attack near the Ryazan oil refinery in Russia’s Ryazan region on May 15, amid the Russia…

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