http://www.hydrocarbonprocessing.com Hydrocarbon Processing Kuwait can restore 70% of oil output in 6–8 weeks of Hormuz reopening, KPC executive says http://hydrocarbonprocessing.com/news/2026/06/kuwait-can-restore-70-of-oil-output-in-6-8-weeks-of-hormuz-reopening-kpc-executive-says/ Kuwait's timeline for its production recovery is shorter than some forecasts for a full reopening of transits through the Strait of Hormuz. South America's stealthy ascent to key crude oil swing supplier http://hydrocarbonprocessing.com/news/2026/06/south-americas-stealthy-ascent-to-key-crude-oil-swing-supplier/ Led by Brazil, Guyana and Venezuela, the region has delivered the largest increase in oil exports of any producing bloc so far this year, reshaping global trade patterns and reinforcing the Atlantic basin's role in global supply. ADNOC resumes naphtha exports via alternative Oman route http://hydrocarbonprocessing.com/news/2026/06/adnoc-resumes-naphtha-exports-via-alternative-oman-route/ China seen tapping deeper into oil stockpiles as imports hit decade-low http://hydrocarbonprocessing.com/news/2026/06/china-seen-tapping-deeper-into-oil-stockpiles-as-imports-hit-decade-low/ China allows output cuts by some money-losing independent refiners http://hydrocarbonprocessing.com/news/2026/06/china-allows-output-cuts-by-some-money-losing-independent-refiners/ Some refiners in the eastern province of Shandong, popularly called teapots, were told recently that they can cut output to no lower than 80% of last year's monthly average. IEA forecasts chance of critically low stockpiles before peak summer demand http://hydrocarbonprocessing.com/news/2026/06/iea-forecasts-chance-of-critically-low-stockpiles-before-peak-summer-demand/ Fuel demand typically peaks in the Northern Hemisphere summer when people drive and fly on holiday. Petrovietnam says supertanker with Iraqi oil arrives at refinery port http://hydrocarbonprocessing.com/news/2026/06/petrovietnam-says-supertanker-with-iraqi-oil-arrives-at-refinery-port/ China's crude oil imports slump, but it's economics not altruism http://hydrocarbonprocessing.com/news/2026/06/chinas-crude-oil-imports-slump-but-its-economics-not-altruism/ The collapse in China's imports is being framed in media and market commentary as helping Asia adjust to the loss of at least 10 MMbpd of crude from the effective closure of the Strait of Hormuz. Not everybody is a loser from the Iran war—just ask Brunei http://hydrocarbonprocessing.com/news/2026/05/not-everybody-is-a-loser-from-the-iran-war-just-ask-brunei/ The focus from the Iran conflict has largely been on the increasing cost the world is having to pay through higher crude oil and natural gas prices resulting from the effective closure of the Strait of Hormuz. TotalEnergies extends fuel price cap in France through June http://hydrocarbonprocessing.com/news/2026/05/totalenergies-extends-fuel-price-cap-in-france-through-june/