http://www.hydrocarbonprocessing.com Hydrocarbon Processing http://hydrocarbonprocessing.com/news/2026/04/chevron-likely-to-close-deal-for-singapore-refinery-stake-sale-to-eneos-in-may/ The U.S. major had been expected to complete the deal, valued at $1 B or more, in the first quarter, but the timeline has since been pushed back slightly following a major energy supply disruption caused by the U.S.-Iran war. http://hydrocarbonprocessing.com/news/2026/04/uae-to-leave-opec-and-opecplus-oil-producer-groups/ The United Arab Emirates said on Tuesday it was quitting OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and unsettled the global economy. 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. 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. 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. 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.