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  "path": "/energy/2026/06/04/refining-not-crude-becomes-the-new-fault-line-in-global-energy-markets/",
  "publishedAt": "2026-06-04T17:53:34.000Z",
  "site": "https://meobserver.org",
  "tags": [
    "Energy",
    "Diesel Markets",
    "Energy Markets",
    "Energy Security",
    "Gasoline Markets",
    "Geopolitical Risk",
    "Global trade",
    "Jet Fuel",
    "Oil & Gas",
    "Refining Industry",
    "Saudi Aramco",
    "Strait of Hormuz",
    "Vitol",
    "Refining, Not Crude, Becomes the New Fault Line in Global Energy Markets",
    "The Middle East Observer"
  ],
  "textContent": "The Middle East fuel shock is exposing a weakness in the global energy system that crude prices alone cannot capture: the world has too little spare refining capacity in the right places, just as demand for diesel, jet fuel and gasoline enters its most politically sensitive season. Executives at the S&P Global Middle East Petroleum […]\n\nThe post Refining, Not Crude, Becomes the New Fault Line in Global Energy Markets appeared first on The Middle East Observer.",
  "title": "Refining, Not Crude, Becomes the New Fault Line in Global Energy Markets"
}