http://www.hydrocarbonprocessing.com Hydrocarbon Processing http://hydrocarbonprocessing.com/news/2026/06/asia-has-plenty-of-crude-oil-but-refined-fuels-remain-tight/ The world's top energy-consuming region is expected to import about 22.18 MMbpd of crude in June, up from 20.35 MMbpd in May. http://hydrocarbonprocessing.com/news/2026/06/chinas-may-refined-oil-exports-rise-from-april-under-restrictions-australia-receives-agreed-volume/ China's May gasoline, diesel and jet fuel exports rose from April to major destinations in Southeast and South Asia, but were still significantly less than a year earlier due to export restrictions imposed over the Iran war to safeguard domestic supply. http://hydrocarbonprocessing.com/news/2026/06/iraq-to-export-crude-naphtha-through-syria-after-hormuz-shock/ The move would broaden an arrangement that has seen Iraq export fuel oil through the Mediterranean port of Baniyas after the effective closure of the Strait of Hormuz, which sharply curtailed Gulf export routes for OPEC's second-largest producer. http://hydrocarbonprocessing.com/news/2026/06/eia-us-crude-inventories-decline-for-tenth-week-to-over-40-yr-low/ The total stocks, including those from the strategic petroleum reserve, have fallen by 96.25 million barrels since the start of the Iran war, as countries around the globe have called on U.S. oil and products to fill supply gaps. http://hydrocarbonprocessing.com/news/2026/06/opec-sticks-to-robust-oil-demand-outlook-sees-no-peak-on-horizon/ The 11-member Organization of the Petroleum Exporting Countries depends on oil for a large part of government income, and its views on demand are higher than those of others in the industry, such as the International Energy Agency. http://hydrocarbonprocessing.com/news/2026/06/iea-sees-significant-2027-oil-surplus-after-hormuz-recovery/ The Iran war is estimated to have blocked more than 14 MMbpd of Middle East oil output. http://hydrocarbonprocessing.com/news/2026/06/opinion-china-used-crude-stockpiles-to-ease-iran-shock-but-not-that-much/ For the first time in 14 months China's refiners processed more crude in May than was available to them from both imports and domestic production. http://hydrocarbonprocessing.com/news/2026/06/circularity-fuels-converts-raw-dairy-biogas-to-jet-fuel-in-world-first-end-to-end-pilot/ http://hydrocarbonprocessing.com/news/2026/06/opinion-is-the-iran-war-just-an-energy-shock-or-a-turning-point/ At least 1 billion barrels of crude oil and refined products have been lost from Middle East producers such as Iraq, Kuwait, the United Arab Emirates and Iran itself. As much as 20% of global liquefied natural gas supply is also trapped in the narrow waterway between Iran and Oman. http://hydrocarbonprocessing.com/news/2026/06/fragile-iran-deal-offers-oil-relief-but-hormuz-risks-remain/ Under the agreement announced late on Sunday, Iran and the U.S. agreed to lift their blockades on the Strait of Hormuz, through which roughly a fifth of global oil and LNG flowed before the war broke out on February 28.