Tuesday, May 19, 2026
West Coast energy squeeze: Refinery closures meet global risk- oil and gas 360

West Coast energy squeeze: Refinery closures meet global risk

(By Oil & Gas 360) – California’s energy system is heading toward a tighter balance, and it’s happening at the same time global supply risks are rising.   Refinery closures across the state are steadily reducing in-state capacity. Over the past several years, California has lost meaningful refining throughput as facilities have shut down, converted to renewable fuels, or scaled

Iran’s GDP drain grows as maritime blockades tighten financial pressure points- oil and gas 360

Iran’s GDP drain grows as maritime blockades tighten financial pressure points

(Oil & Gas 360) By Greg Barnett, MBA – Iran’s economy is absorbing a fast‑widening financial shock as the combined impact of the Strait of Hormuz blockade and Red Sea disruptions sharply constrains oil exports, trade flows, and access to hard currency. Analysts tracking sanctions enforcement and maritime traffic estimate the immediate economic damage at roughly $435 million per day, with