http://www.hydrocarbonprocessing.com Hydrocarbon Processing http://hydrocarbonprocessing.com/news/2026/03/prices-for-oil-fuel-cargoes-smash-record-highs-as-iran-war-chokes-middle-east-supply/ Surging oil prices in physical markets — the trading place for oil on ships, rail cars or in storage tanks — have outpaced the already dizzying increases in benchmark futures markets, as refiners and traders across Asia and Europe are snapping up whatever barrels they can secure to plug the enormous supply gap caused by the U.S.-Israeli war on Iran. http://hydrocarbonprocessing.com/news/2026/03/adnoc-and-omv-advance-formation-of-borouge-group-international-ag/ The formation of Borouge Group International AG, through the combination of Borouge Plc and Borealis, and acquisition of Nova Chemicals, is progressing according to plan, with the transactions close expected by the end of March 2026, subject to customary conditions. http://hydrocarbonprocessing.com/news/2026/03/chinas-fuel-export-ban-to-further-tighten-asia-supply/ http://hydrocarbonprocessing.com/news/2026/03/macquarie-walks-away-from-kuwait-oil-pipelines-deal-amid-iran-war/ The Australian infrastructure investor notified Kuwait Petroleum Corporation on Friday that it was exiting the process because of the conflict and uncertain outlook, one source said, as dealmakers try to press ahead with the transaction despite unprecedented regional volatility. http://hydrocarbonprocessing.com/news/2026/03/oil-majors-output-in-the-middle-east/ Most western oil and gas majors have significant operations in the Middle East, where the U.S.-Israeli on Iran has disrupted oil and gas shipping and halted some output. http://hydrocarbonprocessing.com/news/2026/03/middle-east-conflict-could-force-up-to-6-mmbpd-crude-run-cuts-across-asia/ http://hydrocarbonprocessing.com/news/2026/03/iraq-asks-krg-to-help-pipe-crude-oil-to-turkey/ The Kurdistan Pipeline Company operates Iraqi Kurdistan's main oil pipeline, which transports crude from northern Iraq to a border connection point with the Iraq–Turkey pipeline. http://hydrocarbonprocessing.com/news/2026/03/iea-announces-record-release-of-strategic-stocks-in-response-to-iran-war-oil-price-surge/ The IEA said the release had been backed unanimously by 32 member countries, the sixth such move it has made since its creation in the 1970s. http://hydrocarbonprocessing.com/news/2026/03/mitsui-chemicals-cuts-output-with-other-japanese-companies-amid-iran-crisis/ http://hydrocarbonprocessing.com/news/2026/03/uae-oil-giant-adnocs-ruwais-refinery-shut-as-precaution-after-drone-strike/ Abu Dhabi authorities were responding to a fire at the facility following a drone attack.