As majors divest and sanctions bite, Germany’s refining base is fracturing — exposing Europe’s biggest economy to a tightening fuel crisis.

A quiet reshaping of Europe’s refining map — driven less by margins, and more by opportunity.

New U.S. sanctions reshape the middle-distillate balance, forcing India, China, and Russia into divergent but equally tactical responses.

After six years in backwardation, VLSFO slips into contango — reshaping blending margins, storage logic, and the sulphur equation.

Dar Blend’s quiet re-entry meets Venezuelan SRFO’s long route east — two ends of the same market tension.

Sudan’s crude ban forces a rethink in the Gulf’s LSFO balance.

Elastic spreads, disputed origins, and the politics behind a single label.

As restrictions tighten, the line between legitimate barrels and re-BL plays grows ever thinner.

Europe’s January cutoff could open the door for Iraqi SRFO — if the market learns to see it for what it really is.

From Iran’s shadow fleets to Russia’s new playbook, ship managers are becoming the quiet architects of sanctioned oil flows.

From Azeri’s return to India to shifting distillate flows — crude trade is anything but business as usual.

Trump’s tariff threats collide with Indian pragmatism — while Russian crude keeps finding a way through.

Chevron, CITGO, and Washington’s balancing act: why Venezuela remains too important to ignore.