http://www.hydrocarbonprocessing.com Hydrocarbon Processing http://hydrocarbonprocessing.com/news/2026/06/us-oil-exports-surge-draining-domestic-crude-inventories-toward-rock-bottom/ Cushing is among the largest oil storage hubs in the world. Oil levels in its tanks have fallen rapidly since the war began and Iran effectively closed tanker traffic through the Strait of Hormuz. http://hydrocarbonprocessing.com/news/2026/06/indian-companies-willing-to-deepen-presence-in-venezuela/ New Delhi was the second-largest importer of Venezuelan oil in May, with purchases of 427,000 bpd. 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. 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. http://hydrocarbonprocessing.com/news/2026/06/adnoc-resumes-naphtha-exports-via-alternative-oman-route/ http://hydrocarbonprocessing.com/news/2026/06/china-seen-tapping-deeper-into-oil-stockpiles-as-imports-hit-decade-low/ 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. 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. http://hydrocarbonprocessing.com/news/2026/06/petrovietnam-says-supertanker-with-iraqi-oil-arrives-at-refinery-port/ 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.