Downstream news

Technip Energies has been awarded a contract by Long Son Petrochemicals Co., Ltd. (LSP) for its Long Son Petrochemicals Enhancement (LSPE) project, located on Long Son Island, Vietnam.

Annual motor gasoline consumption in the US decreased in 2025 even as vehicle miles travelled increased because of increasing fuel efficiency, a trend the EIA forecast will continue in 2026 and 2027.

thyssenkrupp Uhde’s subsidiary, Uhde Inventa-Fischer, has signed a contract with the Turkish packaging producer KÖKSAN for the delivery of a PET production plant.

Honeywell has announced it is providing connected services, advanced digital performance monitoring, and operator training to the Dangote Petroleum Refinery in Lekki, Nigeria.

Axens has announced that it has been selected by America First Refining (AFR) as the technology licensor for its large-scale refining facility at the Port of Brownsville, Texas, US.

Crude oil and petroleum product prices increased significantly in 1Q26, particularly following military action in the Middle East on 28 February and the subsequent de facto closure of the Strait of Hormuz, reports the EIA.

Wood Mackenzie report that prolonged disruption to Middle East energy supplies could accelerate a structural shift in global energy systems, halving oil and gas import dependence by 2050 and reducing oil demand by 20% and gas demand by 10% relative to the base case.

Anton Korobeynikov, Integrated Global Services (IGS), Czech Republic, discusses how advanced robotic convection cleaning can enhance styrene production efficiency.

The US Department of Energy has authorised an immediate 22% increase in exports of LNG from the Elba Island Terminal in the US.

Daniela Hathorn, Senior Market Analyst, Capital.com, offers commentary on the latest developments in the Middle East, and how this is likely to affect global oil markets.