The Global Refining Network Is Becoming a Logistics Chokepoint

The conflict involving Iran and the continuing Russia-Ukraine war are exposing a supply-chain vulnerability that receives far less attention than crude oil production: the global refining and petroleum logistics network.The world can have crude oil available and still experience shortages of diesel, jet fuel, marine fuels and petrochemical feedstocks if it cannot move that crude to the right refineries, process it into the products customers actually consume and then move those products to the m