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Asian refiners are considering cuts to run rates and preparing for possible fuel export curbs as the widening Middle East conflict lifts oil prices and draws down inventories. Traders say any limits export would mirror the conflict’s early weeks, whe

2026-09-16

Asian refiners are considering cuts to run rates and preparing for possible fuel export curbs as the widening Middle East conflict lifts oil prices and draws down inventories. Traders say any limits export would mirror the conflict’s early weeks, when regional processors trimmed throughput amid crude shortages. Sources add Indian refiners face the prospect of reduced activity after the price surge and are considering prioritizing domestic supply. Discussions remain preliminary and no final decisions have been made.

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2026-09-16

Iran’s Islamic Revolutionary Guard Corps said on the 16th that its Aerospace Force shot down a US MQ-9 drone in the early hours over Qeshm Island. The statement said this was the 52nd US MQ-9 shot down by the Revolutionary Guard.

Iran’s Islamic Revolutionary Guard Corps said on the 16th that its Aerospace Force shot down a US MQ-9 drone in the early hours over Qeshm Island. The statement said this was the 52nd US MQ-9 shot down by the Revolutionary Guard.
2026-09-16

Trade sources said an Indian oil company bought 4 mln barrels of crude in a tender for November delivery, sourcing barrels from the Middle East and Africa. Purchases: 1) 1 mln barrels Basra heavy from Trafigura at about $14/bbl premium to October Dub

Trade sources said an Indian oil company bought 4 mln barrels of crude in a tender for November delivery, sourcing barrels from the Middle East and Africa. Purchases: 1) 1 mln barrels Basra heavy from Trafigura at about $14/bbl premium to October Dubai; 2) 1 mln barrels Libya Sarir/Messla blend from Mercuria at about $23/bbl premium to October Brent spot; 3) 1 mln barrels Angola Cabinda from Glencore at about $17/bbl premium to October Brent spot; 4) 1 mln barrels Nigeria Utapate from Glencore at about $21/bbl premium to October Brent spot.
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