XLE & Oil

Oil Refineries Become Prime Targets as Global Fuel Shortage Worsens

OilPrice.com·Oct 28, 2026 · 6:00 PM CT
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Many Gulf refineries have been damaged in the war between the U.S., Israel and Iran, and Russia's full refining capacity isn't coming back soon either, OilPrice.com reports. IEA chief Fatih Birol warned that crude and gas prices will stay elevated next year, with fuel product prices even higher.

Summary written by Readthrough from the original article. The full story, with photos and any updates, is at OilPrice.com.

Read the original at OilPrice.com

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