Downstream news

The UAE has announced its decision to exit the Organisation of the Petroleum Exporting Countries (OPEC and OPEC+), effective 1 May 2026.

Phillips 66 Limited has announced that it has completed the acquisition of the assets and associated infrastructure of Prax Lindsey Oil Refinery Ltd, UK.

Clean Planet Technologies has opened a new facility dedicated to converting non-recyclable waste plastic to aviation fuel in Kent, UK.

Guangdong Liquid Sunshine has selected Johnson Matthey as a technology partner for its first commercial scale project – a biomethanol plant planned in Tiandong County, Guangxi, China.

The Dated Brent spot price increased to a premium of more than US$25/bbl compared with the front-month Brent futures contract in early April, the US EIA has reported.

KBR has announced a strategic investment in UK-based Applied Computing, marking a significant step forward in KBR’s AI driven growth strategy. As part of the investment, KBR has also secured a board position in the company.

The Pacifico Mexinol project celebrated the beginning of its pre-construction phase by symbolically laying a first stone.

Ebara Elliott Energy has been awarded an order from Kawasaki Heavy Industries to advance its global liquefied hydrogen supply chain.

Following the latest auctions for the allocation of gas storage capacity for next winter, Snam announces that storage capacity allocated allowed to achieve the target of filling Italian gas storage facilities to at least 90%.

Lummus Technology and ART-Envi Services have announced a partnership to offer a fully enclosed alternative that helps reduce emissions, improve safety, and support more sustainable refinery operations.