The second oil crisis is here

Most people of a certain vintage think back to 1973 when seeking a historical parallel to the global…
#NewsBeep #News #Headlines #InternationalEnergyAgency #Iran #Iraq #Israel #Kuwait #LNG #Naphtha #Oil #oilcrisis #StraitofHormuz #ThirdGulfWar #UK #UnitedKingdom
https://www.newsbeep.com/438612/

Multiple Japanese petrochemical firms have announced production cuts in recent days on worries the Middle East conflict will strain supplies of naphtha, a vital component for plastic manufacturing. https://www.japantimes.co.jp/business/2026/03/17/economy/naphtha-shortage-supply-chain-chaos/?utm_medium=Social&utm_source=mastodon #business #economy #oil #naphtha #middleeast
Limited supplies of naphtha an underrecognized supply chain risk in Japan

Curbs on production by multiple Japanese petrochemical firms point to a brewing crisis that could stunt pressure sectors from food to technology.

The Japan Times

Taiwan Tops List of Russian Naphtha Buyers, Despite Backing Ukraine

" Naphtha, a petroleum product crucial in making semiconductors, underpins Taiwan’s biggest industry and plays a central role in global supply chains. "

" Naphtha underpins Taiwan’s biggest industry and plays a central role in global technology supply chains. "

https://www.kyivpost.com/post/61246

#WarOfAggression #Europa #Ukraine #Taiwan #Naphtha #Oil #army #semiconductors #war #Russia #WarCriminal #invaders #drones #occupiers #defenders
#перемогаYкраїни

Taiwan Tops List of Russian Naphtha Buyers, Despite Backing Ukraine

Naphtha, a petroleum product crucial in making semiconductors, underpins Taiwan’s biggest industry and plays a central role in global supply chains.

Kyiv Post
South Korea’s petrochemical sector faces mounting losses as the Israel-Iran conflict drives up oil and naphtha prices, with consolidation efforts expected to yield slow results.
#YonhapInfomax #PetrochemicalIndustry #LotteChemical #OilPrices #Naphtha #IsraelIranConflict #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=67818
Petrochemical Sector Faces Mounting Challenges as Israel-Iran Conflict Drives Up Oil Prices

South Korea’s petrochemical sector faces mounting losses as the Israel-Iran conflict drives up oil and naphtha prices, with consolidation efforts expected to yield slow results.

Yonhap Infomax

The huge US toxic fire shrouded in secrecy: ‘I taste oil in my mouth’

At 8.04am on 25 August last year, Darnell Alboudoor watched a plume of #black #smoke blanketing the sky and rolling in the direction of her family home.

A #stench like burning oil filled the air on that piping hot summer morning, as Alboudoor, 54, looked in the direction of the sprawling #petroleum #refinery, which sat a few hundred feet from her back yard.

She called 911.

“I’m just wondering what’s going on over there,” she told the operator. “Nobody tells us nothing.”

“They’re handling it,” the operator responded. “Nothing to worry about.”

There was no need to evacuate, Alboudoor was told, as she expressed her concerns over the fumes.

“I just want to know why we weren’t aware of this,” Alboudoor said. “Why are we just finding out about it now?”

Unbeknownst to Alboudoor and the thousands of other south-east Louisiana residents who lived next door,
🆘the facility had been leaking for more than 13 hours.
A storage tank containing at least 26,000 barrels of the flammable hydrocarbon #naphtha had been
💥on fire for about an hour and a half.

https://www.theguardian.com/us-news/article/2024/sep/09/marathon-oil-fire-louisiana-cancer-alley?CMP=Share_iOSApp_Other

The huge US toxic fire shrouded in secrecy: ‘I taste oil in my mouth’

Louisianans say a major accident at a sprawling Marathon refinery caused health issues. The company insists there were ‘no offsite impacts’

The Guardian