Crude oil and petroleum product prices increased significantly in 1Q26, particularly following military action in the Middle East on 28 February and the subsequent de facto closure of the Strait of Hormuz, reports the EIA.
In this latest Hydrocarbon Engineering Spotlight Interview, Senior Editor, Callum O'Reilly is joined by Fernán Serralunga, Specialist in Energy and Emissions Management Systems, at KBC, A Yokogawa Company.
Wood Mackenzie report that prolonged disruption to Middle East energy supplies could accelerate a structural shift in global energy systems, halving oil and gas import dependence by 2050 and reducing oil demand by 20% and gas demand by 10% relative to the base case.
Anton Korobeynikov, Integrated Global Services (IGS), Czech Republic, discusses how advanced robotic convection cleaning can enhance styrene production efficiency.
The US Department of Energy has authorised an immediate 22% increase in exports of LNG from the Elba Island Terminal in the US.
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28 Apr 2026 - 30 Apr 2026
30 Apr 2026 - 30 Apr 2026
Daniela Hathorn, Senior Market Analyst, Capital.com, offers commentary on the latest developments in the Middle East, and how this is likely to affect global oil markets.
The US Energy Information Administration published its April Short-Term Energy Outlook this week, examining the implications of the closure of the Strait of Hormuz.
Fluor Corp. has announced that it has been selected by America First Refining (AFR) to execute the front-end engineering and design for their large-scale refining facility in Brownsville, Texas, US.
Southern Energy Renewables Inc. have announced that Southern and Axens have signed an MoU to collaborate on the development of SAF and related fuel projects, with an initial focus on Southern's facility in Louisiana, US.
In 2025, the US imported an average of 490 000 bpd of crude oil from the Middle East Gulf region – Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE, the US EIA has reported.
African Export-Import Bank (Afreximbank) has announced that it has underwritten US$2.5 billion in the US$4-billion senior syndicated term loan in favour of Dangote Petroleum Refinery and Petrochemicals FZE.
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