http://www.hydrocarbonprocessing.com Hydrocarbon Processing 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. Equinor: Iran war lifts Asia-Pacific interest for Norwegian petroleum products, LNG http://hydrocarbonprocessing.com/news/2026/05/equinor-iran-war-lifts-asia-pacific-interest-for-norwegian-petroleum-products-lng/ The conflict has effectively closed the Strait of Hormuz, a choke point for energy exports from producers in the Gulf, especially affecting clients in Asia. TA'ZIZ secures $28.5 B in agreements to expand UAE's chemicals infrastructure http://hydrocarbonprocessing.com/news/2026/05/taziz-secures-285-b-in-agreements-to-expand-uaes-chemicals-infrastructure/ GEA launches enzymatically enhanced GEA eTOP degumming solution http://hydrocarbonprocessing.com/news/2026/05/gea-launches-enzymatically-enhanced-gea-etop-degumming-solution/ Booming U.S. energy exports draw scrutiny as domestic fuel prices bite http://hydrocarbonprocessing.com/news/2026/05/booming-us-energy-exports-draw-scrutiny-as-domestic-fuel-prices-bite/ U.S. exports of gasoline, diesel, crude oil, LNG, jet fuel and ethane all surged to record highs so far in 2026 as energy firms capitalized on the disruptions to Middle East shipments and catered to urgent orders from customers around the world. Australia's Viva Energy expects to restart Geelong refinery units in June http://hydrocarbonprocessing.com/news/2026/05/australias-viva-energy-expects-to-restart-geelong-refinery-units-in-june/ China's Commerce Ministry blocks U.S. sanctions against five refineries http://hydrocarbonprocessing.com/news/2026/05/chinas-commerce-ministry-blocks-us-sanctions-against-five-refineries/ Iraq starts work on Basra-Haditha oil pipeline http://hydrocarbonprocessing.com/news/2026/05/iraq-starts-work-on-basra-haditha-oil-pipeline/ About $1.5 B has been allocated for the project, although its pace will depend on securing further budget allocations. Lummus Technology selected for major ethanol-to-jet SAF project in India http://hydrocarbonprocessing.com/news/2026/05/lummus-technology-selected-for-major-ethanol-to-jet-saf-project-in-india/ Trump signs order authorizing oil pipeline project partially reviving Keystone XL http://hydrocarbonprocessing.com/news/2026/05/trump-signs-order-authorizing-oil-pipeline-project-partially-reviving-keystone-xl/ The pipeline, proposed by Canadian pipeline company South Bow and its U.S. partner Bridger Pipeline, could increase Canada's crude exports to the U.S. by more than 12% if it goes ahead.