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Chemicals & Energy: Page 10

White House Extends Shipping Waiver to August to Ease Oil Crunch

The waiver issued in March has already been used by ships transporting an array of goods — including renewable diesel, crude oil, ammonia, ethanol and gasoline.

The Enterprise Marine Terminal in Freeport, Texas. Photographer: Mark Felix/Bloomberg

Canada Could Nix U.S. Liquor Ban if Tariffs Are Relaxed

No Jack Daniels here. Aurora, Ontario, Canada. Photo: iStock/JulieAlexK

Phillips 66 Sending U.S. Oil on Foreign Vessel After Jones Waiver

No other foreign-flagged vessel has shipped U.S. crude from the Gulf Coast to the Atlantic Coast since Trump waived the Jones Act.

Photo: Bloomberg

Higher Diesel Prices Likely to Persist, Even if Iran War Resolves Quickly

The Persian Gulf produces oil that is particularly well-suited to refining to diesel and jet fuel, and supplies were already tight before the war.

Graph: U.S. Energy Information Administration

Lufthansa Cuts 20K Flights to Save Jet Fuel

The company said the announcement signals a capacity decrease of less than 1% in available seat kilometers.

Photo: iStock/Jetlinerimages

War Shortage of Helium Looms for Hi-Tech Manufacturers, Others

There are only 14 helium refineries worldwide, and helium supply was already rapidly shrinking before the current interruptions to sources in Qatar.

Photo: iStock/scanrail

U.K. Gas-Pump Thefts Skyrocket as Prices Rise

Since the conflict began, the cost of filling a typical family car with petrol has risen by £14 ($18.20), while a typical tank of diesel has gone up by about £27.

A gas station at U.K. supermarket chain Morrisons. Photo: iStock/Ray Orton

Confusion, Caution Over Hormuz Access

The U.S. is apparently continuing its naval blockade on ships accessing Iran.

An aerial 3D illustration render of cargo ships stuck in the Strait of Hormuz. Image: iStock/quantic69

Airlines Cancel Flights, Request Emergency Funds

There are growing concerns that other airlines worldwide may reduce services as aviation fuel costs climb because of the war in Iran.

Photo: iStock/jimfeng

Hormuz Shipping Traffic Grinds to a Halt as Tensions Deepen

Tehran again shut the waterway following a refusal by the U.S. to lift its own naval blockade of Iran’s vessels.

Hormuz Traffic

Oil Tankers Start to Dash for Hormuz as Shipowners Seek Answers

“Would you be the first penguin off the ice floe to test the water?” one shipowner asked.

Photo: iStock/Jacynthroode

IEA Warns European Flights May Be Cancelled Due to Fuel Shortages

In the case of a prolonged conflict in the Middle East, energy markets and economies around the world need to brace for significant disruptions in the months to come.

Image: iStock/imagedepotpro

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