Genoil Inc.·Industrials

NEW YORK CITY, NY / ACCESS Newswire / April 21, 2026 / Genoil Inc. (OTC PINK:GNOLF) The recently published IEA report titled "Oil Market Report dated April 14, 2026" highlights the catastrophic reality of a global supply shock, categorizing the ongoing restrictions through the Strait of Hormuz and attacks on Middle East energy infrastructure as the largest disruption in history. According to the report, global oil supply plummeted by 10.1 million barrels per day in March alone, and global observed oil inventories fell by a staggering 85 million barrels.

NEW YORK, NY / ACCESS Newswire / April 6, 2026 / Genoil Inc. (OTC PINK:GNOLF), a company focused on advanced oil-processing solutions, today announced that its proprietary upstream refining design can increase total transportation-fuel yield by about 30% and diesel yield by about 40% from existing crude oil production. With the Strait of Hormuz accounting for roughly 20% of global oil flows, higher yields per barrel eliminates supply disruptions caused by chokepoints.

NEW YORK CITY, NY / ACCESS Newswire / March 25, 2026 / Genoil Inc. (OTC PINK:GNOLF) announces its Upstream Upgrading Syncrude Production capability as an immediate, scalable response to the 2026 global energy crisis driven by the war with Iran and widespread attacks on Gulf energy infrastructure. Recent reporting (New York Times interactive, "Where Oil and Gas Sites Have Been Attacked During Iran War," March 20, 2026) documents dozens of strikes across nine countries, damage to refineries, export terminals and LNG facilities (including reported damage to Ras Laffan), and severe disruption to shipping through the Strait of Hormuz - a chokepoint that handles roughly 20% of global oil flows.
Genoil Inc., together with its subsidiaries, develops and commercializes oil upgrading technology in Canada, the Middle East, Russia, and China. It also specializes in oil-water separation technologies. The company designs and develops the Genoil Hydroconversion Upgrader, a catalytic hydroconversion technology that upgrades and enhances the yields from high sulphur, acidic, heavy crude, bitumen, and refinery residues. In addition, it provides crystal sea separator, a water separator tool for oil and water separation, as well as offers engineering services. Further, the company provides Genoil Sand Decontamination Technology to cleanse oil sands and Genoil port cleaning and fish farm pollution prevention solutions. Additionally, it offers bilge water/waste oil treatment, and slop oil treatment systems, as well as centrifuge under the Allegretto name. Genoil Inc. was incorporated in 1996 and is headquartered in New York, New York.
Industrials
Specialty Business Services
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2004-10-29
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