Downstream news

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.

US developers signed sale and purchase agreements for 40 million tpy of LNG in 2025 from planned export facilities, according to US Department of Energy and company website data compiled by the US Energy Information Administration.

Neil Crosby, AVP Oil Analytics at Sparta, provides commentary on the potential impact of continued disruption in the Strait of Hormuz.

EnerMech has secured a five-year contract to deliver integrated mechanical, electrical, and instrumentation (ME&I) maintenance services at Ampol’s Lytton Refinery in Brisbane, Australia.

Escalating conflict in the Middle East and restrictions at the Strait of Hormuz are disrupting critical global flows of chemicals, plastics, and energy, the ICIS has reported.

Moeve has reached the final investment decision to begin construction of Southern Europe’s largest green hydrogen project, located in Andalusia, Spain.

Venture Global, Inc. and Trafigura have announced the execution of an agreement for the purchase of approximately 0.5 million tpy of US LNG for five years commencing in 2026.

ICIS has provided analysis and context on the evolving situation in the Middle East and its impact on energy markets.

VAROPreem has launched Preem Redefine HVO100, a Nordic Swan-Ecolabelled fuel, in Norway.

Jaison Davis, Economic Research Analyst at GlobalData, provides commentary on GCC exports, with global energy markets in flux.