http://www.hydrocarbonprocessing.com Hydrocarbon Processing https://hydrocarbonprocessing.com/news/2026/06/middlemen-offer-iranian-oil-to-indian-refiners-after-us-waiver/ On Monday, the United States waived sanctions on Iran for 60 days after the first talks under a nascent peace deal, opening a narrow window for renewed energy trade. https://hydrocarbonprocessing.com/news/2026/06/phillips-66-ceo-warns-of-refining-petrochemical-earnings-volatility-from-hormuz-disruptions/ https://hydrocarbonprocessing.com/news/2026/06/asian-refiners-see-little-room-for-iranian-oil-leaving-china-as-key-buyer-after-us-waiver/ Hit by supply disruptions due to the blockade of the Strait of Hormuz since March, Asian refiners have been aggressively buying oil from the U.S., Russia, Africa and Latin America. https://hydrocarbonprocessing.com/news/2026/06/asia-has-plenty-of-crude-oil-but-refined-fuels-remain-tight/ The world's top energy-consuming region is expected to import about 22.18 MMbpd of crude in June, up from 20.35 MMbpd in May. https://hydrocarbonprocessing.com/news/2026/06/eia-us-crude-inventories-decline-for-tenth-week-to-over-40-yr-low/ The total stocks, including those from the strategic petroleum reserve, have fallen by 96.25 million barrels since the start of the Iran war, as countries around the globe have called on U.S. oil and products to fill supply gaps. https://hydrocarbonprocessing.com/news/2026/06/opec-sticks-to-robust-oil-demand-outlook-sees-no-peak-on-horizon/ The 11-member Organization of the Petroleum Exporting Countries depends on oil for a large part of government income, and its views on demand are higher than those of others in the industry, such as the International Energy Agency. https://hydrocarbonprocessing.com/news/2026/06/indonesia-on-track-to-launch-b50-biodiesel-program-on-july-1/ Indonesia revived its plan to raise the biodiesel ratio to 50% from the current 40% in March, in a response to the oil supply disruptions that followed the U.S. and Israel attacks on Iran. https://hydrocarbonprocessing.com/news/2026/06/iea-sees-significant-2027-oil-surplus-after-hormuz-recovery/ The Iran war is estimated to have blocked more than 14 MMbpd of Middle East oil output. https://hydrocarbonprocessing.com/news/2026/06/opinion-is-the-iran-war-just-an-energy-shock-or-a-turning-point/ At least 1 billion barrels of crude oil and refined products have been lost from Middle East producers such as Iraq, Kuwait, the United Arab Emirates and Iran itself. As much as 20% of global liquefied natural gas supply is also trapped in the narrow waterway between Iran and Oman. https://hydrocarbonprocessing.com/news/2026/06/us-refiners-can-still-absorb-more-venezuelan-oil-energy-secretary-wright-says/ Venezuela is sending about half of its total exports of 1.25 MMbpd to the U.S., with the remaining volumes going mainly to India and Europe.