oil refining

Shell Plc reported a significant increase in second-quarter profit driven by strong performance in oil refining and energy trading amid the ongoing Iran war.

Russia is experiencing an aviation fuel shortage affecting small aircraft operators, with supplies at risk of becoming critical due to disruptions in oil refining caused by Ukrainian drone strikes. Moscow is tightening fuel exports and seeking imports from Belarus to address the issue.

Australian Prime Minister Anthony Albanese will convene the national cabinet to address the ongoing fuel crisis, considering measures to boost domestic oil refining capacity. The meeting aims to update state and territory leaders on the government's response to the issue.