Downstream news

ABB’s SensyMaster flowmeter now delivers verified thermal mass flow measurement for the chemicals, oil and gas, power and utilities, and industrial gas industries.

The US Energy Information Administration has reported that US refineries processing capacity and crude oil stocks have fallen throughout June.

A second FSRU terminal will be constructed in the Gulf of Gdansk, meaning Poland will operate three LNG terminals.

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 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.

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.

The Tank Storage Association (TSA) has published the latest edition of its Annual Review of the bulk storage and energy infrastructure sector.

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 has reported that low-cost feedstock and developed infrastructure will support PVC capacity additions in the Middle East.

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.