EIA: China’s crude oil imports fell in 2Q26
China, the world’s largest importer of crude oil, imported less crude oil in 2Q26 following higher crude oil prices that resulted from disrupted flows through the Strait of Hormuz, the US EIA has reported.
Refining - 31 July 2026
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MERA Oil enters final stage of site selection for planned US$5 billion refinery
MWG Enterprises, Patel Family Office, and PWS have together launched MERA Oil, a US-Saudi private consortium, and entered the final stage of selecting a host for their planned US$5 billion integrated refinery and energy export corridor.
L&T wins major order from Kuwait Oil Co. for hydrocarbon onshore business
L&T Energy Hydrocarbon Onshore business has secured a major engineering, procurement, and construction order from Kuwait Oil Co. for its key Jurassic Light Oil export facilities and the upgrade of existing export network.