http://www.hydrocarbonprocessing.com Hydrocarbon Processing http://hydrocarbonprocessing.com/news/2026/01/tanker-carrying-venezuelan-heavy-oil-departs-to-louisiana-us/ This month, trading houses Vitol and Trafigura received the first U.S. licenses to load and export Venezuelan oil as part of the deal. They have since shipped cargoes to storage terminals in the Caribbean, and from there they have been marketing and selling the crude to refiners worldwide. http://hydrocarbonprocessing.com/news/2026/01/india-says-state-run-bpcl-to-sign-780-mm-oil-deal-with-brazils-petrobras/ Indian refiners are redrafting their oil import strategies, buying more oil from Middle Eastern, African and South American countries to make up for a reduction in Russian oil supplies. http://hydrocarbonprocessing.com/news/2026/01/russian-oil-exports-to-china-surge-in-january-as-india-turkey-cut-buying/ The United States and the European Union imposed sweeping sanctions in late 2025 targeting Russian oil sellers and shippers, including energy giants Rosneft and Lukoil, complicating purchases for global buyers and tightening scrutiny on Russian crude exports. http://hydrocarbonprocessing.com/news/2026/01/indian-refiners-shift-oil-strategy-trim-russian-buys-and-turn-to-the-middle-east/ http://hydrocarbonprocessing.com/news/2026/01/indian-refiners-shift-oil-strategy-trim-russian-buys-and-turn-to-middle-east/ Indian refiners are redrawing crude import strategies to shift away from top supplier Russia and boost imports from the Middle East, a move that could help New Delhi clinch a trade deal with the United States to lower tariffs. http://hydrocarbonprocessing.com/news/2026/01/indias-hpcl-to-begin-crude-processing-at-barmer-refinery-by-end-of-month/ With the commissioning of the Barmer refinery, HPCL will become the second largest state-run refiner, replacing Bharat Petroleum Corp., which operates 706,000 bpd of capacity through its three refineries. http://hydrocarbonprocessing.com/news/2026/01/gazprom-neft-provisionally-agrees-to-sell-nis-stake-to-hungarys-mol/ NIS supplies about 80% of Serbia's fuel market and holds around half of the retail segment. http://hydrocarbonprocessing.com/news/2026/01/chinas-fuel-oil-imports-slip-in-2025-on-weaker-demand-from-refineries/ China's demand for fuel oil typically comes from independent refiners, which can opt to use it as an alternative feedstock when they run out of crude-oil import quotas. http://hydrocarbonprocessing.com/news/2026/01/with-refining-spin-off-galp-focuses-on-growing-upstream-in-brazil-namibia/ The company said earlier this month it was in talks with private equity-backed Moeve to combine their businesses in two new entities - one focusing on retail and another on refining. http://hydrocarbonprocessing.com/news/2026/01/dangote-awards-refinery-expansion-contract-to-eil/