http://www.hydrocarbonprocessing.com Hydrocarbon Processing ARENA to drive Australia's $1.1-B Cleaner Fuels Program http://web2v10.hydrocarbonprocessing.com/news/2026/05/arena-to-drive-australias-11-b-cleaner-fuels-program/ Iran, Ukraine wars deliver worst hit in years to oil refining output http://web2v10.hydrocarbonprocessing.com/news/2026/05/iran-ukraine-wars-deliver-worst-hit-in-years-to-oil-refining-output/ Tightened supply has forced refiners, traders and retailers to tap crude and fuel inventories to meet demand. SWISS and Metafuels partner to promote and scale SAF production http://web2v10.hydrocarbonprocessing.com/news/2026/05/swiss-and-metafuels-partner-to-promote-and-scale-saf-production/ Italy's Ludoil buys Sicilian refinery as war squeezes Europe's fuel supply http://web2v10.hydrocarbonprocessing.com/news/2026/05/italys-ludoil-buys-sicilian-refinery-as-war-squeezes-europes-fuel-supply/ The Iran war has laid bare Europe's dependency on the Middle East for the supply of jet fuel and other refined products. Nigeria fuel demand rises as Dangote drives near-full refining capacity http://web2v10.hydrocarbonprocessing.com/news/2026/05/nigeria-fuel-demand-rises-as-dangote-drives-near-full-refining-capacity/ Average daily petrol consumption rose to 51.1 million liters, slightly above the 50 million liters benchmark levels, while diesel demand climbed to 17.3 million liters a day. Azerbaijan's State Oil Company redirects supplies of jet fuel from STAR refinery to Turkish domestic market http://web2v10.hydrocarbonprocessing.com/news/2026/05/azerbaijans-state-oil-company-redirects-supplies-of-jet-fuel-from-star-refinery-to-turkish-domestic-market/ SOCAR Turkiye Enerji (the Turkish subsidiary of the State Oil Company of the Azerbaijani Republic, SOCAR) has been fully directing the jet fuel produced at the STAR refinery to the Turkish domestic market in recent months amid the global energy crisis and tensions around the Strait of Hormuz. Seven markets to track if peace breaks out in the Middle East http://web2v10.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://web2v10.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. One-fifth of U.S. renewable diesel and SAF production was exported in 2H25 http://web2v10.hydrocarbonprocessing.com/news/2026/05/one-fifth-of-us-renewable-diesel-and-saf-production-was-exported-in-2h25/ Oil supply shock to worsen as inventories fall further even if conflict ends http://web2v10.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.