http://www.hydrocarbonprocessing.com Hydrocarbon Processing ACME signs 100,000-tpy green methanol offtake agreement with Mitsubishi Gas Chemical https://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 https://hydrocarbonprocessing.com/news/2026/07/adnoc-launches-global-lng-marketing-and-trading-platform/ OPEC+ to boost crude output, but can it deliver and who will buy? https://hydrocarbonprocessing.com/news/2026/07/opecplus-to-boost-crude-output-but-can-it-deliver-and-who-will-buy/ The seven core members of OPEC+, which groups together OPEC and allied producers such as Russia, agreed at a meeting on Sunday to lift quotas by 188,000 barrels per day from August, taking the total increase to almost 800,000 bpd since April. Ukraine strikes Russian oil refineries, oil terminal in Vysotsk https://hydrocarbonprocessing.com/news/2026/07/ukraine-strikes-russian-oil-refineries-oil-terminal-in-vysotsk/ Kyiv has intensified its attack on Russian energy infrastructure. South Korea's four oil refiners charged with price collusion https://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 https://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 https://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 https://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. India refiner Nayara's gasoline sold to Russia via traders https://hydrocarbonprocessing.com/news/2026/07/india-refiner-nayaras-gasoline-sold-to-russia-via-traders/ Indian Oil Minister Hardeep Singh Puri said that Indian companies were not selling fuel to Russia but it was "possible" that Russia purchased Indian-origin fuel from traders. India seeks to quell public backlash on ethanol-mixed fuel after 'experiment' remark https://hydrocarbonprocessing.com/news/2026/07/india-seeks-to-quell-public-backlash-on-ethanol-mixed-fuel-after-experiment-remark/ The mandate to use the blend, called E20, came into force last year but is now one of the biggest political flashpoints for Prime Minister Narendra Modi's government and motorists in the world's third-biggest car market.