With wars in the Middle East and Europe ongoing, worries about global energy have shifted from concerns about the price of oil per barrel to the ability of oil facilities around the world to process it. Speaking to Bloomberg, ExxonMobil Chief Financial Officer Neil Hansen explained that the current “constraint pain point in the energy system is refining.” Though seemingly a modest throttling on a global level, the moves have put a significant pinch on the availability of energy products worldwide. Energy is the single biggest source of revenue for the Kremlin, and Ukrainian strikes have specifically targeted Russia’s refineries, forcing several facilities offline for extended periods. Shell’s American refining facilities are running at over one hundred percent, with utilization at one hundred and two percent, Bloomberg explained.