http://www.hydrocarbonprocessing.com Hydrocarbon Processing http://web1v10.hydrocarbonprocessing.com/news/2025/12/indian-oil-buys-first-colombian-oil-under-ecopetrol-contract/ Indian refiners are scouting for crude as tighter U.S. and European Union sanctions on Moscow's producers and vessels are disrupting Russian oil imports. http://web1v10.hydrocarbonprocessing.com/news/2025/12/china-begins-issuing-second-batch-of-2026-crude-import-quotas-to-refiners/ The newest allocation, combined with a small batch issued in late November, accounts for about 70% of the refiner's total quota for next year. http://web1v10.hydrocarbonprocessing.com/news/2025/12/eia-us-crude-fuel-inventories-rose-in-the-week-ended-december-19/ Monday's data release was delayed over six hours and released after the oil market had closed. http://web1v10.hydrocarbonprocessing.com/news/2025/12/five-energy-market-trends-to-track-in-2026-the-year-of-the-glut/ This past year was a wild one for the oil and gas industry, punctuated by the 12-day Israel-Iran war in June, U.S. President Donald Trump's trade wars, the intensified targeting of energy infrastructure in Russia in its war against Ukraine, OPEC’s often perplexing production decisions and the recently threatened U.S. blockade of Venezuela. http://web1v10.hydrocarbonprocessing.com/news/2025/12/chinas-2026-first-batch-fuel-export-quotas-steady-year-on-year/ China manages its refined fuel exports via a quota system to balance the supply-demand fundamentals in its local market. http://web1v10.hydrocarbonprocessing.com/news/2025/12/chinas-teapots-boost-russian-espo-buying-amid-record-discounts/ Discounts for Russian ESPO Blend crude loading in January have widened to a record $7–$8 per barrel versus ICE Brent upon delivery in Chinese ports, as Western sanctions pressure weighs on the grade. http://web1v10.hydrocarbonprocessing.com/news/2025/12/asia-oil-floating-storage-seen-declining-on-lower-exports-china-buying/ The volume of oil stored on board ships in Asian waters, which has tripled since September to a 3-yr high, is poised to decline as producers of sanctioned oil slow exports and Chinese refiners ramp up buying. http://web1v10.hydrocarbonprocessing.com/news/2025/12/gazprom-in-talks-with-hungarys-mol-over-nis-stake-sale/ The United States announced sweeping sanctions targeting Russia's oil sector in January over Moscow's war in Ukraine, but, for NIS, their application was postponed several times before finally coming into effect on October 8. http://web1v10.hydrocarbonprocessing.com/news/2025/12/bp-picks-first-outsider-ceo-meg-oneill-after-abrupt-auchincloss-exit/ O'Neill, who will take over in April following the abrupt exit of Murray Auchincloss, becomes bp's first external CEO in its more than century-long history and the first woman to lead any of the world's top five oil majors. http://web1v10.hydrocarbonprocessing.com/news/2025/12/us-judge-blocks-michigan-from-shutting-down-enbridges-line-5-oil-pipeline/ The decision comes five years after Michigan Governor Gretchen Whitmer revoked an easement allowing Canadian company Enbridge to operate a 6.4-km (4-mile) stretch of aging pipeline underneath the Straits of Mackinac, which connect Lake Michigan and Lake Huron, citing risks to the environment in the event of a spill.