http://www.hydrocarbonprocessing.com Hydrocarbon Processing http://hydrocarbonprocessing.com/news/2026/07/eia-us-crude-inventories-rise-gasoline-and-distillate-inventories-fall/ Crude inventories rose by 3 million barrels to 411.4 million barrels in the week ending July 3, compared with analysts' expectations in a poll for a 2.4 million-barrel draw. http://hydrocarbonprocessing.com/news/2026/07/china-lifts-fuel-export-curbs-for-july/ The resumption of refined fuel exports from one of Asia's largest exporters comes after the interim peace deal between the U.S. and Iran, and is expected to ease prices for transportation fuels in a region where consumers have been grappling with inflation since Beijing curbed shipments to secure domestic supplies in March. http://hydrocarbonprocessing.com/news/2026/07/oil-refiners-hormuz-windfall-may-prove-short-lived/ Refining profitability is determined by two factors: the cost of crude oil and the price of the gasoline, diesel and jet fuel produced from it. At the moment, both are moving in refiners' favor. http://hydrocarbonprocessing.com/news/2026/07/south-korea-expands-energy-partnership-with-uaes-adnoc/ Both parties will seek to boost long-term crude supply to Korean refiners, improve joint coordination during emergency supply situations such as seeking alternative export routes, and advance cooperation on international joint crude stockpiling in South Korea. http://hydrocarbonprocessing.com/news/2026/07/adnoc-xrg-and-mitsui-sign-sca-to-explore-growth-opportunities-across-the-energy-value-chain/ http://hydrocarbonprocessing.com/news/2026/07/saudi-arabia-considers-expansion-of-oil-pipeline-to-red-sea/ http://hydrocarbonprocessing.com/news/2026/07/kyrgyzstan-expects-fuel-from-china-belarus-to-offset-russian-supply-crunch/ http://hydrocarbonprocessing.com/news/2026/07/ukraine-attacks-on-russian-energy-sites-what-has-been-hit/ The drone attacks are worsening fuel shortages in Russia, where people have reported rising prices and long queues at the filling stations across most regions. http://hydrocarbonprocessing.com/news/2026/07/opecplus-to-boost-crude-output-but-can-it-deliver-and-who-will-buy/ The seven core members of OPEC+, which groups together OPEC and allied producers such as Russia, agreed at a meeting on Sunday to lift quotas by 188,000 barrels per day from August, taking the total increase to almost 800,000 bpd since April. http://hydrocarbonprocessing.com/news/2026/07/world-absorbs-historic-iran-war-oil-supply-loss-but-depleted-stocks-bring-risks/ Tehran's throttling of the Strait of Hormuz in response to the U.S. and Israeli attacks launched on February 28 fed fears of a catastrophic global energy crunch.