http://www.hydrocarbonprocessing.com Hydrocarbon Processing http://hydrocarbonprocessing.com/news/2026/04/opinion-us-crude-and-fuel-exports-surge-to-record-highs-but-its-not-enough/ Much of the extra crude is heading to Asia, the region most affected by the effective closure of the Strait of Hormuz, the narrow waterway through which about 20% of the world's supply of crude and refined fuels passed prior to the start of the conflict. http://hydrocarbonprocessing.com/news/2026/04/us-waiver-set-to-keep-russian-oil-exports-to-india-near-record-high/ The robust exports to India - the second-largest buyer of Russian crude after China and largest importer of its flagship Urals grade - will likely help Moscow replenish state coffers under pressure due to military spending for the war in Ukraine. http://hydrocarbonprocessing.com/news/2026/04/opinion-opening-hormuz-is-the-easy-part-restoring-oil-flows-isn-t/ The immediate impact has been severe. Around 13 MMbpd of oil supply and roughly 300 MMm3d of liquefied natural gas (LNG) have been trapped inside the Gulf, forcing producers to shut in oil fields, refineries and LNG plants and battering economies from Asia to Europe. http://hydrocarbonprocessing.com/news/2026/04/japans-eneos-says-145-000-bpd-sendai-cdu-shut-down-since-april-16/ The unit had just resumed operations on April 14 following an unplanned shutdown on March 31. http://hydrocarbonprocessing.com/news/2026/04/phillips-66-kinder-morgan-move-ahead-with-new-us-west-coast-fuel-pipeline/ The Western Gateway Pipeline project comes as companies race to build a major new fuel pipeline to the U.S. West Coast ahead of planned refinery closures in California, a relatively isolated fuel market with limited pipeline links to major refining hubs, leaving it vulnerable to supply disruptions and price spikes. http://hydrocarbonprocessing.com/news/2026/04/nigerian-airlines-threaten-to-halt-flights-over-soaring-jet-fuel-prices/ http://hydrocarbonprocessing.com/news/2026/04/eu-working-on-jet-fuel-plan-as-iran-crisis-threatens-air-travel/ http://hydrocarbonprocessing.com/news/2026/04/japan-refiners-run-at-two-thirds-capacity-awaiting-crude-from-outside-the-gulf/ http://hydrocarbonprocessing.com/news/2026/04/eu-warns-of-prolonged-energy-shock-forced-cuts-if-iran-war-continues/ Europe has not yet faced supply shortages, but is grappling with soaring oil and gas prices and airports have warned the first jet fuel shortages could hit within weeks. http://hydrocarbonprocessing.com/news/2026/04/europes-summer-flights-at-risk-as-iran-war-exposes-refining-decline/ Europe’s oil and gas industry has shrunk dramatically over the past 25 years: North Sea production has dwindled and more than 30 refineries - 16% of refining capacity - have been shuttered across the continent.