Downstream news

The IEA offers commentary on how recent conflict in the Middle East has impacted global oil markets, with particular focus on the disruption in the Strait of Hormuz and LNG supply.

INA has marked the completion of the Rijeka Refinery Upgrade Project which involved an investment of nearly €700 million, representing the largest single investment in INA’s history.

Evonik has announced the expansion of its collaboration with IMCD into the US market for VISIOMER® specialty methacrylates.

Axens has joined Downer Group, CEA, and H2Potential who have been developing a pre-FEED study for an Australian efuels plant under FACET.

The 32 Member countries of the IEA have agreed to make 400 million bbl of oil from their emergency reserves available to the market to address disruptions in oil markets stemming from the war in the Middle East.

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).