Downstream news

SIAD Group has announced the construction of a new manufacturing facility for compressors in Seriate, Bergamo, Italy, with a planned investment of €18 million, scheduled for completion by mid-2026.

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.

Glenfarne’s Texas LNG Brownsville LLC and Kiewit Energy Group Inc. have announced the execution of an EPC agreement under a lump-sum turnkey contract structure.

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.

Axens has signed a Memorandum of Understanding (MoU) with Airbus to strengthen their cooperation in the development and deployment of sustainable aviation fuel (SAF).

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).