http://www.hydrocarbonprocessing.com Hydrocarbon Processing http://hydrocarbonprocessing.com/news/2026/04/asia-deepens-refining-cuts-due-to-iran-war-putting-diesel-and-jet-fuel-supplies-at-risk/ Asia, which accounts for 37% of global refining output and ordinarily sources two-thirds of its crude from the Middle East, has been hardest-hit by the closure of the Strait of Hormuz, with run cuts at refiners in the region exacerbating tight fuel supply and keeping prices elevated. http://hydrocarbonprocessing.com/news/2026/04/us-fund-and-indonesian-oil-group-to-make-offer-for-sicilian-refinery-isab/ Cypriot private equity fund G.O.I. Energy has owned the refinery since buying it from Russian energy group Lukoil in 2023. The plant accounts for around a fifth of Italy's refining capacity. http://hydrocarbonprocessing.com/news/2026/04/whats-in-the-eus-20th-package-of-sanctions-against-russia/ The EU had initially aimed to adopt the package to mark the fourth anniversary of Russia's full-scale invasion of Ukraine on February 24. http://hydrocarbonprocessing.com/news/2026/04/europes-response-to-the-iran-war-energy-crunch/ Central to the EU proposals is a focus on reducing reliance on oil and gas, to cushion against future fossil fuel supply disruptions and price spikes. http://hydrocarbonprocessing.com/news/2026/04/iran-war-may-crush-oil-demand-today-but-send-it-soaring-long-term/ Spiking energy security concerns and greater fragmentation could lead to a less efficient, more voracious global energy system. http://hydrocarbonprocessing.com/news/2026/04/oil-prices-rise-after-reports-container-ships-in-hormuz-hit-by-gunfire/ Oil prices rose 2% on Wednesday, erasing earlier losses after reports of gunfire attacks on at least three container ships in the Strait of Hormuz and a lack of progress in peace talks between the U.S. and Iran. http://hydrocarbonprocessing.com/news/2026/04/lotte-chemical-to-merge-into-integrated-corporation-after-spinning-off-daesan-plant/ http://hydrocarbonprocessing.com/news/2026/04/indonesia-toyota-in-talks-on-potential-300-mm-bioethanol-project/ http://hydrocarbonprocessing.com/news/2026/04/opinion-opening-hormuz-is-the-easy-part-restoring-oil-flows-isn-t/ The immediate impact has been severe. Around 13 MMbpd of oil supply and roughly 300 MMm3d of liquefied natural gas (LNG) have been trapped inside the Gulf, forcing producers to shut in oil fields, refineries and LNG plants and battering economies from Asia to Europe. http://hydrocarbonprocessing.com/news/2026/04/xcf-devvstream-southern-energy-renewables-partner-to-bring-transferable-45z-clean-fuel-credits-to-market/