For a mega-refinery in Ulsan, South Korea, a top exporter of jet fuel to the West Coast of the United States and other places, weaning off Middle Eastern oil is no small feat.
Category: Middle East
-
How a Jet Fuel Refinery Is Scrambling After the Iran War Oil Shock
The New York Times – Business: -
Lesson Learned From Iran War: Reduce Reliance on Strait of Hormuz
The New York Times – Business:Increased stockpiles, more pipelines and other tactics could loosen the waterway’s stranglehold on the global economy.
-
Mines, Logistics and Deep Uncertainty Threaten a Middle East Oil Rebound
The New York Times – Business:More oil is getting out of the Persian Gulf, but the region’s producers are looking for signs that it is safe as they ramp up plans for alternative routes.
-
Global Supply Shortages Deepen as War Drags On, Risking Jobs and Growth
The New York Times – Business:After three months, the fallout of the closure of the Strait of Hormuz is spreading, with developing countries bearing the brunt of the shortfall.
-
The War-Driven Supply Shock Already Roiling Manufacturing in Asia
The New York Times – Business:A shortage of naphtha, stemming from the blockade of the Strait of Hormuz, is disrupting manufacturing and retail goods in Japan and South Korea.
-
An Uncertain World Awaits the Reopening of the Strait of Hormuz
The New York Times – Business:Fatih Birol of the International Energy Agency, who orchestrated a multinational release of oil reserves, detailed the risks facing the economy now and beyond.
-
Luxury Brands Bet on the Middle East. War Has Damaged Their Plans.
The New York Times – Business:High-end brands such as Louis Vuitton and Hermès are looking to other regions as sales in Persian Gulf nations plummet.
-
China’s Electrostate Is Poised to Win From War in the Middle East
The New York Times – Business:A cluster of Chinese firms is poised to win big from the energy crisis set off by the war in the Middle East, building on booming investment in artificial intelligence.
-
I.M.F. Says Iran War Will Drag Global Growth Lower
The New York Times – Business:Kristalina Georgieva, the head of the International Monetary Fund, said the war in the Middle East could lead to another bout of inflation and higher interest rates.
-
Fresh Food Distributors Add Surcharges as Fuel Costs Rise
The New York Times – Business:Delivering salmon, fruits and other perishable foods has become more expensive as the war with Iran pushes up diesel prices.
-
This Is What Happens When the Gas Runs Out
The New York Times – Business:With a cutoff in shipments imminent, Asian countries, the biggest importers of liquefied natural gas from the Middle East, are already burning more coal and reducing consumption.