http://www.hydrocarbonprocessing.com Hydrocarbon Processing http://hydrocarbonprocessing.com/news/2025/06/oci-global-completes-19-b-sale-of-oci-methanol-to-methanex-corporation/ OCI Global announced the successful closing of the divestment of 100% of its equity interests in its Global Methanol Business (OCI Methanol) to Methanex Corporation (Methanex) for $1.9 B. http://hydrocarbonprocessing.com/news/2025/06/uks-lindsey-oil-refinery-insolvent-420-jobs-at-risk/ Britain's Lindsey oil refinery has begun insolvency proceedings, putting hundreds of jobs at risk and potentially increasing the country's reliance on fuel imports just weeks after its Grangemouth refinery stopped processing oil. http://hydrocarbonprocessing.com/news/2025/06/california-us-should-raise-fuel-imports-pause-margin-cap-regulator-says/ California's energy regulator on Friday recommended new rules to encourage more private investment in fuel imports and a pause on refiner profit limits, hoping to stop gasoline prices from skyrocketing in the state as it braces for the closure of two of its major refineries. http://hydrocarbonprocessing.com/news/2025/06/sabic-announces-closure-of-olefins-6-facility-in-teesside-uk/ SABIC will permanently close its Olefins 6 facility at the Wilton site. Operating since 1979, the plant has been a major part of the region’s chemical manufacturing landscape for decades. http://hydrocarbonprocessing.com/news/2025/06/vietnam-says-its-refineries-not-yet-affected-by-middle-east-tensions/ Refineries in Vietnam are not being affected by the tensions in the Middle East at the moment, the Ministry of Industry and Trade said. http://hydrocarbonprocessing.com/news/2025/06/ineos-responds-to-uk-governments-industrial-strategy/ • STATEMENT: On the UK Government’s new industrial strategy and the future of British manufacturing http://hydrocarbonprocessing.com/news/2025/06/japan-will-mitigate-potential-gasoline-price-spike-prime-minister-says/ Japanese Prime Minister Shigeru Ishiba said the government will act to mitigate any impact from a potential surge in gasoline prices due to the Middle East conflict, implementing a preventative measure starting June 26. http://hydrocarbonprocessing.com/news/2025/06/tankers-u-turn-zig-zag-pause-around-strait-of-hormuz/ At least two supertankers made U-turns near the Strait of Hormuz following U.S. military strikes on Iran, shiptracking data shows, as more than a week of violence in the region prompts vessels to speed, pause, or alter their journeys. http://hydrocarbonprocessing.com/news/2025/06/chevron-seeks-buyers-for-50-stake-in-singapore-refinery/ U.S. oil major Chevron has sought non-binding bids for the sale of its 50% stake in Singapore Refining Company (SRC), including from joint venture partner PetroChina. http://hydrocarbonprocessing.com/news/2025/06/asian-refiners-seek-more-mideast-oil-after-spot-premiums-jump-on-israel-iran-conflict/ Asian refiners have requested more term crude oil supplies loading in August and September from producers in the Middle East after spot premiums jumped.