Global energy markets are moving into a structurally tighter phase as crude oil and refining have been underinvested for years. Even as renewables expand, grid constraints remain and downstream product shortages are beginning to show. Analysts warn this could translate into a multi-year squeeze across crude supply chains, refining capacity, and energy products worldwide.
Shell posted its strongest quarterly profit in nearly two years, beating expectations as refining and energy trading benefited from Iran-related geopolitical tensions. The company also increased shareholder payouts. Still, investors cooled off as concerns grew over declining production and whether the trading gains can be sustained, especially after the results release.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
India is moving fast to plug a crude oil shortfall triggered by disruptions in the Middle East. Refiners are boosting Russian imports, aided by a US waiver, while reviving alternative supply lines from Africa, Iran, and Venezuela. The shift is helping India avoid fuel shortages that other regions have faced, even as logistics and contract costs remain challenging.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
