Refining

INA has marked the completion of the Rijeka Refinery Upgrade Project which involved an investment of nearly €700 million, representing the largest single investment in INA’s history.

The 32 Member countries of the IEA have agreed to make 400 million bbl of oil from their emergency reserves available to the market to address disruptions in oil markets stemming from the war in the Middle East.

The US Energy Information Administration (EIA) has published its latest Short-Term Energy Outlook (STEO).

America First Refining has announced the construction of the first new oil refinery built in the US in 50 years, to be located at the Port of Brownsville, Texas.

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.

In 2025, US exports of major petroleum-based transportation fuels were about the same as the previous year, reports the US Energy Information Administration (EIA).

DNV's annual Energy Transition Outlook (ETO) for the UK finds that the energy transition risks being delayed by a lack of 'whole system' thinking.

When a Petroineos refinery experienced a critical equipment failure, a bespoke air production solution delivered in record time helped the plant’s owners avoid extremely costly unplanned downtime.

Clariant has announced a strategic collaboration with Vertimass LLC aiming to accelerate the development and commercialisation of advanced zeolite catalysts for the catalytic conversion of biobased alcohols.

KBR has announced that it has been awarded a 10-year catalyst supply contract by Indorama Eleme Fertilizer & Chemicals FZE for its entire ammonia plant portfolio.

ITT Inc. has announced the closing of its acquisition of SPX FLOW, Inc., a provider of highly engineered equipment and process technologies serving industrial and chemical markets.

Neil Crosby, AVP Oil Analytics at Sparta, Michael Ryan, Freight Commodity Owner at Sparta, and Philip Jones-Lux, Senior Analyst for Sparta, comment on freight, refining margins, and Hormuz disruption.