http://www.hydrocarbonprocessing.com Hydrocarbon Processing Rising oil prices drive Indonesians to embrace biodiesel http://web2v10.hydrocarbonprocessing.com/news/2026/07/rising-oil-prices-drive-indonesians-to-embrace-biodiesel/ Motorists in Indonesia are modifying their cars to run on subsidised biodiesel amid high global oil prices, as Jakarta raises the fuel's palm oil content in an effort to reduce the country's reliance on energy imports. Indian BPCL and Japan's Taiyo Oil buy U.S. crude via tenders http://web2v10.hydrocarbonprocessing.com/news/2026/07/indian-bpcl-and-japans-taiyo-oil-buy-us-crude-via-tenders/ Asian refiners had reduced purchases of U.S. crude following the U.S.-Iran ceasefire agreement. Kyrgyzstan expects fuel from China, Belarus to offset Russian supply crunch http://web2v10.hydrocarbonprocessing.com/news/2026/07/kyrgyzstan-expects-fuel-from-china-belarus-to-offset-russian-supply-crunch/ ACME signs 100,000-tpy green methanol offtake agreement with Mitsubishi Gas Chemical http://web2v10.hydrocarbonprocessing.com/news/2026/07/acme-signs-100-000-tpy-green-methanol-offtake-agreement-with-mitsubishi-gas-chemical/ ADNOC launches global LNG marketing and trading platform http://web2v10.hydrocarbonprocessing.com/news/2026/07/adnoc-launches-global-lng-marketing-and-trading-platform/ South Korea's four oil refiners charged with price collusion http://web2v10.hydrocarbonprocessing.com/news/2026/07/south-koreas-four-oil-refiners-charged-with-price-collusion/ Though prosecutors did not name the companies, South Korea only has four refiners: HD Hyundai Oilbank, SK Energy, GS Caltex and S-Oil. World absorbs historic Iran war oil supply loss, but depleted stocks bring risks http://web2v10.hydrocarbonprocessing.com/news/2026/07/world-absorbs-historic-iran-war-oil-supply-loss-but-depleted-stocks-bring-risks/ Tehran's throttling of the Strait of Hormuz in response to the U.S. and Israeli attacks launched on February 28 fed fears of a catastrophic global energy crunch. Brazil to phase out subsidy for diesel more slowly than for gasoline, minister says http://web2v10.hydrocarbonprocessing.com/news/2026/07/brazil-to-phase-out-subsidy-for-diesel-more-slowly-than-for-gasoline-minister-says/ Brazil's government will take longer to phase out its diesel subsidy than the gasoline benefit, reflecting concerns the process must be handled carefully, even after the drop in global oil prices, to avoid price shocks or fuel shortages. Chinese independent refiners snap up discounted Mideast oil as supplies rise http://web2v10.hydrocarbonprocessing.com/news/2026/07/chinese-independent-refiners-snap-up-discounted-mideast-oil-as-supplies-rise/ Gulf oil exports are gushing into Asia as producers ramp up output and exports through the Strait of Hormuz following the interim peace deal between the U.S. and Iran, depressing oil prices globally. U.S.-Iran war still trails the 1979 oil shock by total losses http://web2v10.hydrocarbonprocessing.com/news/2026/07/us-iran-war-still-trails-the-1979-oil-shock-by-total-losses/ Unlike previous crises, the Iran war has simultaneously disrupted crude oil, natural gas, refined fuels and fertilizer supplies, exposing vulnerabilities created by decades of rising energy demand, globalized trade and the Middle East’s growing role as a supplier of finished fuels.