EIA: US commercial crude oil inventories have decreased in June
The US Energy Information Administration has reported that US refineries processing capacity and crude oil stocks have fallen throughout June.
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GAZ-SYSTEM to develop third LNG terminal in Poland
A second FSRU terminal will be constructed in the Gulf of Gdansk, meaning Poland will operate three LNG terminals.
Petrobras approves investment in a BioQAV and renewable diesel plant at RPBC
Petrobras has approved the FID for the RPBC Biorefining project, which entails the construction of a dedicated plant for producing SAF and renewable diesel at the Presidente Bernardes Refinery in Cubatão, São Paulo, Brazil.
Baker Hughes secures long-term service agreement with ANOH Gas Processing Co.
Baker Hughes has announced an award to provide comprehensive lifecycle services and iCenter™ digital services for turbomachinery equipment at the greenfield ANOH Gas Processing Plant in Nigeria.
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EIA: UAE’s exit from OPEC+ reduced the group’s share of crude oil production and capacity
On 28 April 2026, the UAE announced that it was leaving OPEC, effective on 1 May, which has reduced the group's global share of crude oil production and capacity.
Tank Storage Association publishes Annual Review
The Tank Storage Association (TSA) has published the latest edition of its Annual Review of the bulk storage and energy infrastructure sector.
LBC Tank Terminals announces Rainbow 5 Phase A expansion at Rotterdam Terminal
LBC Tank Terminals has taken the final investment decision to execute Project Rainbow 5 Phase A at its Rotterdam Terminal, advancing the next phase of the terminal’s multi-year expansion programme.
Petrobras markets first batch of SAF produced from CORSIA-certified soybean oil supplied by Bunge
Petrobras has completed the production and sale of the first batch of SAF produced from CORSIA-certified low-risk ILUC soybean oil, which attests to sustainability criteria and a lower risk of impact on new areas.
GlobalData: Middle East to drive global PVC capacity growth through 2030
GlobalData has reported that low-cost feedstock and developed infrastructure will support PVC capacity additions in the Middle East.
Wood Mackenzie cuts Brent forecast following US-Iran MoU
Wood Mackenzie has forecasted Brent averaging US$78/bbl in 2027 and potentially easing to US$70/bbl by 4Q27, following a US-Iran MoU that has shifted market sentiment away from a prolonged Strait of Hormuz closure.