Australia's Energy Minister reports that a fire at Viva Energy's (VEA AT) refinery is still not under control, while diesel and jet fuel output continues, but refinery fire may hit petrol production more
The ongoing fire at Viva Energy's refinery in Australia is a potential concern for gasoline production, which could tighten supply amid steady diesel and jet fuel output.
Israeli warplanes carried out a strike on the town of Shihabiya in southern Lebanon
[CALENDAR ADDITION] US President Trump will speak to Turning Point USA at 2pm on Friday in Phoenix
Australia's Energy Minister reports that a fire at Viva Energy's (VEA AT) refinery is still not under control, while diesel and jet fuel output continues, but refinery fire may hit petrol production more
Iranian politician affiliated with Resistance Front of Islamic Iran, Mohsen Rezaei says they will not leave the Strait of Hormuz until the full realisation of Iran's rights, adds that this time, Iran has set preconditions
Lebanese officials say a ceasefire between Israel and Lebanon is expected 'soon', according to FT
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If the situation worsens and significantly impacts petrol production, we might see upward pressure on gasoline prices, especially given the current supply-demand dynamics in the commodities market. Traders should monitor crude oil and gasoline futures for potential volatility as this situation develops.
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