http://www.hydrocarbonprocessing.com Hydrocarbon Processing Indian Oil Corp. says diesel, gasoline sales up more than 13% in Apr 1–21 http://hydrocarbonprocessing.com/news/2026/04/indian-oil-corp-says-diesel-gasoline-sales-up-more-than-13-in-apr-1-21/ IOC, India’s top fuel retailer and refiner, is meeting the local demand through its over 42,000 fuel stations. U.S.: Trump grants 90-day Jones Act waiver extension to curb energy costs http://hydrocarbonprocessing.com/news/2026/04/us-trump-grants-90-day-jones-act-waiver-extension-to-curb-energy-costs/ The move reflects a broader push by the White House to dampen politically sensitive fuel price spikes ahead of November’s midterm elections, where affordability is expected to be a defining issue for voters. Cosmo tanker could reach Japan on Sunday with first U.S. shipment post-Iran war http://hydrocarbonprocessing.com/news/2026/04/cosmo-tanker-could-reach-japan-on-sunday-with-first-us-shipment-post-iran-war/ The tanker, loaded in Texas (U.S.) on March 22, is due to arrive off Chiba as early as on April 26 via the Panama Canal. Asia deepens refining cuts due to Iran war, putting diesel and jet fuel supplies at risk 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. U.S. fund and Indonesian oil group to make offer for Sicilian refinery ISAB 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. What's in the EU's 20th package of sanctions against Russia? 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. Europe's response to the Iran war energy crunch 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. Iran war may crush oil demand today, but send it soaring long term 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. Oil prices rise after reports container ships in Hormuz hit by gunfire 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. LOTTE Chemical to merge into integrated corporation after spinning off Daesan plant http://hydrocarbonprocessing.com/news/2026/04/lotte-chemical-to-merge-into-integrated-corporation-after-spinning-off-daesan-plant/