Best in Energy – 5 June 2026

Treść źródłowa

[MUST READ] Hormuz crisis and oil and gas (Oxford Energy) U.S. economy now less vulnerable to oil shocks (Boston Fed) Dangote plans to double oil refining capacity (Bloomberg) Iran permits nuclear inspection of Bushehr (Bloomberg) India tests high ethanol blend to cut oil imports (Bloomberg) Sustainable aviation fuel market remains in its infancy (WSJ) Japan plans to replace nuclear reactors by 2050s (Bloomberg) Nevada power customers protest daily peak charge (Utility Dive) MISO reports improvement in projected generation (Utility Dive) U.S. COMMERCIAL CRUDE oil inventories at refineries and tank farms along the Gulf Coast (PADD 3) have depleted by 20 million barrels since the middle of April compared with an average draw down of less than 3 million barrels over the previous ten years. The Gulf Coast is the country’s largest refining region and the most integrated with global seaborne crude markets. It is the most exposed to the global loss of supplies resulting from closure of the Strait of Hormuz. Inventories were exactly in line with the ten-year seasonal average on May 29 wiping out a surplus of 17 million barrels (+7% or +0.86 standard deviations) on April 17: