Saudi Aramco CEO: loss of 1 billion barrels to slow oil market recovery

Qatari LNG tanker transits Strait of Hormuz for first time since Iran war began, Bloomberg reports

A tanker carrying liquefied natural gas from Qatar appears to have transited the Strait of Hormuz, marking Qatar's first LNG export from the region since the start of the Iran war.

Aramco chief says the war's supply shock cut global oil supply by about 1B barrels in 2 months. "Our objective is simple: Keep energy flowing, even when the system is under strain."

The global supply shock from the war has deprived the world of about one billion barrels of oil over the past two months, the Aramco chief said.

Africa’s richest man Aliko Dangote is considering building a new oil refinery in Kenya, according to the Financial Times.

Africa’s richest man Dangote eyes Kenya for new refinery, FT reports

Global oil stocks plunge at record pace of 4.8M barrels per day on Persian Gulf supply disruptions – Bloomberg

Global oil inventories fell by around 4.8 million barrels per day from March 1 to April 25, exceeding prior quarterly declines, Bloomberg reports. Around 60% of the drop is crude oil, the rest oil products.