http://www.hydrocarbonprocessing.com Hydrocarbon Processing http://admin.hydrocarbonprocessing.com/news/2026/01/with-refining-spin-off-galp-focuses-on-growing-upstream-in-brazil-namibia/ The company said earlier this month it was in talks with private equity-backed Moeve to combine their businesses in two new entities - one focusing on retail and another on refining. http://admin.hydrocarbonprocessing.com/news/2026/01/venezuelan-oil-exports-to-china-set-to-drop-as-us-blockade-limits-cargoes/ The number of oil tankers departing Venezuela for China has fallen sharply after U.S. President Donald Trump imposed a blockade in December on sanctioned ships transporting Venezuelan oil, part of its pressure campaign on Venezuelan President Nicolas Maduro that culminated in a U.S. military incursion that captured him. http://admin.hydrocarbonprocessing.com/news/2026/01/venezuela-begins-reversing-oil-output-cuts-as-exports-resume/ The OPEC country's oil exports had remained almost at a standstill since December, with only U.S. Chevron exporting crude from its joint ventures under a U.S. authorization, leaving millions of barrels stuck in onshore tanks and vessels. http://admin.hydrocarbonprocessing.com/news/2026/01/brazils-diesel-imports-hit-record-in-2025-amid-local-production-decline/ Brazil imported a record 17.3 B liters of diesel in 2025, with Russia holding its spot as the South American nation's top supplier despite ceding some share to the United States. http://admin.hydrocarbonprocessing.com/news/2026/01/vitol-to-load-first-diluent-cargo-under-venezuela-supply-deal-last-weekend/ The flow of naphtha, used as a diluent to thin Venezuela's heavy crude oil and make it easier to move and process, would mark a key milestone in efforts to boost production in the South American country as the Trump administration focuses on reviving its oil industry after removing President Nicolas Maduro from power last week. http://admin.hydrocarbonprocessing.com/news/2026/01/vitol-trafigura-offer-venezuelan-oil-to-indian-chinese-refiners-for-march-delivery/ The global commodities traders confirmed on Friday they had struck agreements with the U.S. government to help market stranded Venezuelan oil, days after the interim government in Caracas agreed to export up to 50 MMbbl of crude oil to the U.S. http://admin.hydrocarbonprocessing.com/news/2026/01/indias-reliance-in-talks-for-us-permit-to-buy-venezuelan-oil/ Reliance's representatives are in discussions with the U.S. State and Treasury departments to obtain the authorization, the sources said, as Washington and Caracas progress in negotiations to ship 50 MMbbl of oil in the aftermath of the U.S. capture of President Nicolas Maduro. http://admin.hydrocarbonprocessing.com/news/2026/01/us-refiner-marathon-petroleum-says-it-will-be-bidding-for-venezuelan-crude-oil/ Caracas and Washington reached a deal this week to export up to $2 B worth of Venezuelan crude, some 30 MMbbl–50 MMbbl, to the United States. http://admin.hydrocarbonprocessing.com/news/2026/01/saudis-sabic-sells-assets-in-europe-americas-worth-950-mm/ http://admin.hydrocarbonprocessing.com/news/2026/01/indias-reliance-industries-will-consider-buying-venezuelan-oil/ Caracas and Washington have reached a deal this week to export up to $2 B worth of Venezuelan crude, some 30 MMbbl–50 MMbbl, to the United States after U.S. forces captured President Nicolas Maduro on January 3.