http://www.hydrocarbonprocessing.com Hydrocarbon Processing http://hydrocarbonprocessing.com/news/2025/12/chinas-teapots-boost-russian-espo-buying-amid-record-discounts/ Discounts for Russian ESPO Blend crude loading in January have widened to a record $7–$8 per barrel versus ICE Brent upon delivery in Chinese ports, as Western sanctions pressure weighs on the grade. http://hydrocarbonprocessing.com/news/2025/12/gazprom-in-talks-with-hungarys-mol-over-nis-stake-sale/ The United States announced sweeping sanctions targeting Russia's oil sector in January over Moscow's war in Ukraine, but, for NIS, their application was postponed several times before finally coming into effect on October 8. http://hydrocarbonprocessing.com/news/2025/12/glencore-buys-majority-stake-in-dutch-fuel-company-fincoenergies/ Finco is a major player in the Dutch wholesale fuel market and in the region's biofuels and low-carbon fuel sectors. http://hydrocarbonprocessing.com/news/2025/12/ford-takes-195-b-writedown-on-ev-business/ http://hydrocarbonprocessing.com/news/2025/12/bp-picks-first-outsider-ceo-meg-oneill-after-abrupt-auchincloss-exit/ O'Neill, who will take over in April following the abrupt exit of Murray Auchincloss, becomes bp's first external CEO in its more than century-long history and the first woman to lead any of the world's top five oil majors. http://hydrocarbonprocessing.com/news/2025/12/phillips-66-announces-24-b-capital-budget-for-2026/ http://hydrocarbonprocessing.com/news/2025/12/oq-courts-other-partners-for-petrochemical-complex-in-oman-as-sabic-drops-out/ http://hydrocarbonprocessing.com/news/2025/12/cuba-on-edge-as-us-seizure-of-oil-tanker-puts-supply-at-risk/ A U.S. move this week to seize an oil tanker out of Venezuela is poised to make a bad situation worse for a crisis-stricken Cuba already struggling to source enough oil to power its ailing economy and electrical grid. http://hydrocarbonprocessing.com/news/2025/12/india-imports-more-russian-crude-but-mix-of-buyers-shifts/ While the South Asian nation's appetite for Russian crude has not been diminished by the U.S. sanctions against top Russian producers Lukoil and Rosneft, what has changed is the mix of buyers. http://hydrocarbonprocessing.com/news/2025/12/five-mega-trends-reshaping-the-global-energy-and-resources-landscape-in-2025/