Best in Energy – 4 June 2026

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[MUST READ] India’s airconditioning and nighttime peak load (IEA) U.S. petroleum inventories deplete to multi-decade lows (FT) China’s slower oil imports cushion Hormuz supply shock (FT) Gulf oil exporters explore pipelines to bypass Hormuz (FT) U.S./Iran ceasefire settles into low-intensity conflict (WSJ) Europe’s LNG summer import requirements (Oxford Energy) United States to provide financial support to coal (Bloomberg) Kuwait explores options for storing oil outside Gulf (Bloomberg) South Korea’s jet fuel exports rebounded sharply in May (Reuters) JET FUEL prices are retreating despite the continued closure of the Strait of Hormuz as crude prices fall in response to expectations of an early resumption of tanker traffic and refiners prioritise production of jet and other middle distillates at the expense of gasoline. Singapore jet prices have averaged $136 so far in June down from $165 in April. Jet prices are still up by two-thirds compared with before the war but the increase has fallen from double in April: