http://www.hydrocarbonprocessing.com Hydrocarbon Processing Japan's Idemitsu returns to fossil fuel focus in new medium-term plan http://hydrocarbonprocessing.com/news/2026/05/japans-idemitsu-returns-to-fossil-fuel-focus-in-new-medium-term-plan/ AMETEK Spectro Scientific introduces TruVu 360™ Fluid IQ analytics and intelligence solution http://hydrocarbonprocessing.com/news/2026/05/ametek-spectro-scientific-introduces-truvu-360-fluid-iq-analytics-and-intelligence-solution/ Onsite oil analysis is essential for keeping critical assets running reliably. However, traditional approaches often rely on delayed lab results, fixed sampling intervals and test data viewed in isolation. These constraints can obscure emerging issues and make it difficult to predict when change is coming. Russia revises down oil and gas production and exports forecasts for 2026–2029 http://hydrocarbonprocessing.com/news/2026/05/russia-revises-down-oil-and-gas-production-and-exports-forecasts-for-2026-2029/ Russia has faced challenges to its oil and gas industry, including western sanctions and Ukrainian drone attacks on its energy infrastructure which led to oil output decline in early April. Hungry to sell, UAE slips hidden oil tankers through Strait of Hormuz http://hydrocarbonprocessing.com/news/2026/05/hungry-to-sell-uae-slips-hidden-oil-tankers-through-strait-of-hormuz/ The volumes are a fraction of the UAE's typical exports before the U.S.-Israeli war on Iran but they demonstrate the risks the producer and buyers are willing to take to free up oil sales. Seven markets to track if peace breaks out in the Middle East http://hydrocarbonprocessing.com/news/2026/05/seven-markets-to-track-if-peace-breaks-out-in-the-middle-east/ Here are key charts - across crude, products, shipping, gas, industrial commodities and equities - to gauge whether markets are pricing a temporary easing of tensions or a structural shift in global supply and demand if a peace deal emerges. Vietnam's largest refinery plans crude tenders, has supplies through June http://hydrocarbonprocessing.com/news/2026/05/vietnams-largest-refinery-plans-crude-tenders-has-supplies-through-june/ China asks banks to pause new loans to US-sanctioned refiners http://hydrocarbonprocessing.com/news/2026/05/china-asks-banks-to-pause-new-loans-to-us-sanctioned-refiners/ EIA: U.S. crude and fuel inventories fall as Iran war roils energy markets http://hydrocarbonprocessing.com/news/2026/05/eia-us-crude-and-fuel-inventories-fall-as-iran-war-roils-energy-markets/ Fuel inventories also declined, as exports of petroleum products rose to their highest level on record. Oil supply shock to worsen as inventories fall further even if conflict ends http://hydrocarbonprocessing.com/news/2026/05/oil-supply-shock-to-worsen-as-inventories-fall-further-even-if-conflict-ends/ Oil supplies are set to tighten further in coming weeks even if the U.S. and Iran agree on a peace deal to end their war because it will take weeks for oil shipments to resume from the Middle East Gulf and reach refiners worldwide - so oil companies will continue to deplete storage tanks to meet peak summer demand. Australia commits $7 B to boost fuel stockpiles, create government reserve http://hydrocarbonprocessing.com/news/2026/05/australia-commits-7-b-to-boost-fuel-stockpiles-create-government-reserve/ The expanded stockpiles and reserve of around 1 B liters (264 MMgal) will ensure Australia holds at least 50 days of fuel onshore to shield the country from future supply shocks.