Project News Details
Title:
Strait of Hormuz shock sends crude premiums soaring as refiners scramble for supply
Detail:
Asian refiners, in particular, are scrambling for alternatives, driving up prices for crudes like Labuan, Minas, and US Mars. This surge in demand for compatible grades highlights the market's struggle to replace Middle Eastern oil.
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Source:
ET Energy World
Published Date:
19.03.2026
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