http://www.hydrocarbonprocessing.com Hydrocarbon Processing Seven markets to track if peace breaks out in the Middle East http://hydrocarbonprocessing.com/news/2026/05/seven-markets-to-track-if-peace-breaks-out-in-the-middle-east/ Here are key charts - across crude, products, shipping, gas, industrial commodities and equities - to gauge whether markets are pricing a temporary easing of tensions or a structural shift in global supply and demand if a peace deal emerges. Asia exports of refined fuels plunge amid Hormuz closure http://hydrocarbonprocessing.com/news/2026/05/asia-exports-of-refined-fuels-plunge-amid-hormuz-closure/ Exports of refined products such as jet fuel, diesel and gasoline fell to multi-year lows in Asia, the top energy consuming region and destination for about 80% of pre-war cargoes through the Strait of Hormuz. One-fifth of U.S. renewable diesel and SAF production was exported in 2H25 http://hydrocarbonprocessing.com/news/2026/05/one-fifth-of-us-renewable-diesel-and-saf-production-was-exported-in-2h25/ EIA: U.S. crude and fuel inventories fall as Iran war roils energy markets http://hydrocarbonprocessing.com/news/2026/05/eia-us-crude-and-fuel-inventories-fall-as-iran-war-roils-energy-markets/ Fuel inventories also declined, as exports of petroleum products rose to their highest level on record. Argentine government hikes biofuel prices for domestic market http://hydrocarbonprocessing.com/news/2026/05/argentine-government-hikes-biofuel-prices-for-domestic-market/ Colonial Oil Industries to acquire Atkinson Oil Co., strengthening fuels and lubricants deliverables in SE U.S. http://hydrocarbonprocessing.com/news/2026/05/colonial-oil-industries-to-acquire-atkinson-oil-co-strengthening-fuels-and-lubricants-deliverables-in-se-us/ 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/ Record U.S. biofuel targets to test biodiesel industry after slow year http://hydrocarbonprocessing.com/news/2026/05/record-us-biofuel-targets-to-test-biodiesel-industry-after-slow-year/ To meet the record target, companies that process soybeans into biodiesel must boost production by over 60% this year. Some industry bodies and biofuel experts doubt they will succeed, yet failure could further stoke the rise in diesel prices. South Korea, Australia agree to strengthen energy supply chain resilience http://hydrocarbonprocessing.com/news/2026/04/south-korea-australia-agree-to-strengthen-energy-supply-chain-resilience/ South Korea is a key energy partner of Australia as the largest supplier of diesel and third-largest source of jet fuel, Wong said. Australia is South Korea's largest source of liquefied natural gas (LNG).