Global refining crunch to keep fuel prices high into 2027 | The National
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Source: The National (UAE)
Published: 2026-09-03 13:00 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Transport, Military & Defence, Energy, Economy & Finance, Financial Markets, World News, Business & Economy, War & Conflict
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Snippet:
The world is facing a shortage of refining capacity that could keep petrol, diesel and jet fuel prices elevated well into 2027, even if the Strait of Hormuz reopens and millions of barrels of crude stranded by the war return to the market.
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