Refining - 11 March 2026

Annual US crude oil exports in 2025 decreased 3% from 2024, the first annual decrease since 2021, reports the US Energy Information Administration (EIA).

KT-Kinetics Technology has participated in the ceremony for the completion of the Rijeka Refinery Upgrade Project in Croatia, having completed the engineering, procurement and construction activities.

With 15 million bpd of Gulf supply suddenly offline, global oil demand will need to fall to rebalance the market – a process that could require prices to reach US$150/bbl, according to new Wood Mackenzie analysis.

At the end of February 2026, NETZSCH Pumps & Systems inaugurated a new, state-of-the-art production facility in Goa, India.