http://www.hydrocarbonprocessing.com Hydrocarbon Processing http://web2v10.hydrocarbonprocessing.com/news/2025/06/sabic-announces-closure-of-olefins-6-facility-in-teesside-uk/ SABIC will permanently close its Olefins 6 facility at the Wilton site. Operating since 1979, the plant has been a major part of the region’s chemical manufacturing landscape for decades. http://web2v10.hydrocarbonprocessing.com/news/2025/06/vietnam-says-its-refineries-not-yet-affected-by-middle-east-tensions/ Refineries in Vietnam are not being affected by the tensions in the Middle East at the moment, the Ministry of Industry and Trade said. http://web2v10.hydrocarbonprocessing.com/news/2025/06/ineos-responds-to-uk-governments-industrial-strategy/ • STATEMENT: On the UK Government’s new industrial strategy and the future of British manufacturing http://web2v10.hydrocarbonprocessing.com/news/2025/06/japan-will-mitigate-potential-gasoline-price-spike-prime-minister-says/ Japanese Prime Minister Shigeru Ishiba said the government will act to mitigate any impact from a potential surge in gasoline prices due to the Middle East conflict, implementing a preventative measure starting June 26. http://web2v10.hydrocarbonprocessing.com/news/2025/06/tankers-u-turn-zig-zag-pause-around-strait-of-hormuz/ At least two supertankers made U-turns near the Strait of Hormuz following U.S. military strikes on Iran, shiptracking data shows, as more than a week of violence in the region prompts vessels to speed, pause, or alter their journeys. http://web2v10.hydrocarbonprocessing.com/news/2025/06/chevron-seeks-buyers-for-50-stake-in-singapore-refinery/ U.S. oil major Chevron has sought non-binding bids for the sale of its 50% stake in Singapore Refining Company (SRC), including from joint venture partner PetroChina. http://web2v10.hydrocarbonprocessing.com/news/2025/06/asian-refiners-seek-more-mideast-oil-after-spot-premiums-jump-on-israel-iran-conflict/ Asian refiners have requested more term crude oil supplies loading in August and September from producers in the Middle East after spot premiums jumped. http://web2v10.hydrocarbonprocessing.com/news/2025/06/oil-tanker-market-signals-more-middle-east-energy-disruption-ahead/ While global energy markets are not yet pricing in worst-case scenarios for the Israel-Iran war, oil tanker rates are providing a good real-time gauge of the escalating risks. http://web2v10.hydrocarbonprocessing.com/news/2025/06/us-eia-forecasts-new-export-licensing-requirements-will-reduce-us-ethane-exports/ The U.S. EIA forecast U.S. ethane exports will decrease by 80,000 bpd this year and by 177,000 bpd in 2026 because of new licensing requirements U.S. exports of ethane to China. http://web2v10.hydrocarbonprocessing.com/news/2025/06/ineos-to-cease-phenol-production-at-german-site-cites-high-european-energy-costs-and-co2-tax-policy/ INEOS Phenol, the world's largest producer of phenol and acetone, announced its intention to permanently stop production at their site in Gladbeck, Germany. Sky high European energy costs alongside Europe’s punitive CO2 tax policy have combined to leave Europe uncompetitive against imported Chinese production and a global oversupply.