http://www.hydrocarbonprocessing.com Hydrocarbon Processing 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. http://hydrocarbonprocessing.com/news/2026/06/us-refiners-can-still-absorb-more-venezuelan-oil-energy-secretary-wright-says/ Venezuela is sending about half of its total exports of 1.25 MMbpd to the U.S., with the remaining volumes going mainly to India and Europe. http://hydrocarbonprocessing.com/news/2026/06/from-corn-fields-to-cargo-ships-ethanol-gains-early-traction-as-marine-fuel/ http://hydrocarbonprocessing.com/news/2026/06/trans-mountain-pipeline-in-canada-hits-full-capacity-two-years-after-upgrade/ The uncertainty in global crude markets and the disruption to the Strait of Hormuz have increased demand for Canadian oil from Asian markets, but have also made it difficult to predict the pipeline's utilization rates beyond the short-term. http://hydrocarbonprocessing.com/news/2026/06/china-learns-to-live-on-less-fuel-to-the-relief-of-oil-markets/ Gasoline sales at Sinopec, which runs China's biggest network of petrol stations and is the world's largest refiner, dropped 8% on-year in April while diesel fell 6%. http://hydrocarbonprocessing.com/news/2026/06/opinion-hormuz-reopening-could-be-opec-s-undoing/ The Iran war and the closure of the vital waterway – through which nearly a fifth of the world’s oil and gas flowed before the conflict – have sharply diminished output from the Organization of the Petroleum Exporting Countries and moved the industry’s center of gravity away from the Middle East.