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/ghanas-tema-oil-refinery-restarts-after-9-yr-shutdown/ Refining began on December 19 at the 45,000-bpd refinery, which had been shut since 2017. 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/serbias-nis-gets-us-approval-to-negotiate-sale-of-russian-stake/ The U.S. Treasury Department's Office of Foreign Assets Control imposed sanctions on NIS in October, as part of broader measures against Russia's energy sector, after granting a series of waivers since January. 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/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/glencore-buys-majority-stake-in-dutch-fuel-company-fincoenergies/ Finco is a major player in the Dutch wholesale fuel market and in the region's biofuels and low-carbon fuel sectors. http://web1v10.hydrocarbonprocessing.com/news/2025/12/ford-takes-195-b-writedown-on-ev-business/ 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.