http://www.hydrocarbonprocessing.com Hydrocarbon Processing Seven markets to track if peace breaks out in the Middle East http://hydrocarbonprocessing.com/news/2026/05/seven-markets-to-track-if-peace-breaks-out-in-the-middle-east/ Here are key charts - across crude, products, shipping, gas, industrial commodities and equities - to gauge whether markets are pricing a temporary easing of tensions or a structural shift in global supply and demand if a peace deal emerges. Asia exports of refined fuels plunge amid Hormuz closure http://hydrocarbonprocessing.com/news/2026/05/asia-exports-of-refined-fuels-plunge-amid-hormuz-closure/ Exports of refined products such as jet fuel, diesel and gasoline fell to multi-year lows in Asia, the top energy consuming region and destination for about 80% of pre-war cargoes through the Strait of Hormuz. EIA: U.S. crude and fuel inventories fall as Iran war roils energy markets http://hydrocarbonprocessing.com/news/2026/05/eia-us-crude-and-fuel-inventories-fall-as-iran-war-roils-energy-markets/ Fuel inventories also declined, as exports of petroleum products rose to their highest level on record. Oil supply shock to worsen as inventories fall further even if conflict ends http://hydrocarbonprocessing.com/news/2026/05/oil-supply-shock-to-worsen-as-inventories-fall-further-even-if-conflict-ends/ Oil supplies are set to tighten further in coming weeks even if the U.S. and Iran agree on a peace deal to end their war because it will take weeks for oil shipments to resume from the Middle East Gulf and reach refiners worldwide - so oil companies will continue to deplete storage tanks to meet peak summer demand. Australia commits $7 B to boost fuel stockpiles, create government reserve http://hydrocarbonprocessing.com/news/2026/05/australia-commits-7-b-to-boost-fuel-stockpiles-create-government-reserve/ The expanded stockpiles and reserve of around 1 B liters (264 MMgal) will ensure Australia holds at least 50 days of fuel onshore to shield the country from future supply shocks. Equinor: Iran war lifts Asia-Pacific interest for Norwegian petroleum products, LNG http://hydrocarbonprocessing.com/news/2026/05/equinor-iran-war-lifts-asia-pacific-interest-for-norwegian-petroleum-products-lng/ The conflict has effectively closed the Strait of Hormuz, a choke point for energy exports from producers in the Gulf, especially affecting clients in Asia. Colonial Oil Industries to acquire Atkinson Oil Co., strengthening fuels and lubricants deliverables in SE U.S. http://hydrocarbonprocessing.com/news/2026/05/colonial-oil-industries-to-acquire-atkinson-oil-co-strengthening-fuels-and-lubricants-deliverables-in-se-us/ Booming U.S. energy exports draw scrutiny as domestic fuel prices bite http://hydrocarbonprocessing.com/news/2026/05/booming-us-energy-exports-draw-scrutiny-as-domestic-fuel-prices-bite/ U.S. exports of gasoline, diesel, crude oil, LNG, jet fuel and ethane all surged to record highs so far in 2026 as energy firms capitalized on the disruptions to Middle East shipments and catered to urgent orders from customers around the world. India proposes rules to allow higher ethanol-blended fuels in vehicles http://hydrocarbonprocessing.com/news/2026/04/india-proposes-rules-to-allow-higher-ethanol-blended-fuels-in-vehicles/ The Ministry of Road Transport and Highways said the draft includes provisions for E85 fuel, a blend of 85% ethanol with petrol, and E100, which would allow vehicles to run on nearly pure ethanol. Nigeria's Dangote oil refinery running gasoline unit at 75% capacity http://hydrocarbonprocessing.com/news/2026/04/nigerias-dangote-oil-refinery-running-gasoline-unit-at-75-capacity/ The gasoline unit not running at full capacity could spell trouble for the local market, as fuel prices have reached record-high levels and risen 65% at the pump from the impact of war in the Middle East.