China processed less crude oil last month, as refiners cut run rates to conserve supplies snarled by war in the Persian Gulf https://t.co/TWHVDqXp79 ...

Geopolitical Risk & Energy Market Impact - The industry is facing increased geopolitical risk due to Ukrainian forces' drone strike on a crude oil processing unit at a refinery in Bashkortostan [1] - The attack targeted a crude oil processing unit, indicating a potential disruption to oil refining capacity [1]