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U.S. Energy Information Administration (EIA) (.gov)
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4 other outlets reported this story in the last 3 days.
Petroleum markets in 3Q26 were characterised by increasing prices for crude oil and petroleum products amid persistent conflict in the Middle East, the US EIA has reported.
South Africans are increasingly paying more for fuel, not only because of higher oil prices, but also due to global refinery constraints.
Recovered Gulf crude flows leave refining capacity as the constraint, keeping diesel crack spreads elevated and shifting value toward refiners.