North America downstream news

The US Energy Information Administration (EIA) forecasts in its October Short-Term Energy Outlook (STEO) that US crude oil production will average 13.5 million bpd in both 2025 and 2026, both slightly higher than the agency’s September forecast.

For the week ending 26 September 2025, US propane inventory was 103 million bbl, about 13 million bbl more than the previous five-year average for this time of year, the EIA has reported.

Crude oil prices were relatively stable in the 3Q25, ending the quarter just US$0.09/bbl less than they started, while refinery margins increased to their highest levels so far in 2025, the EIA has reported.

Dow and MEGlobal have finalised an agreement for Dow to supply an additional equivalent of 100 000 tpy of ethylene from its Gulf Coast operations, US.

Topsoe has been selected as technology provider by Sandpiper Chemicals LLC, for its new blue methanol plant in Texas City, Texas, US.

The value of all energy trade between the US and Mexico was estimated to be US$57 billion in 2024, down from nearly US$72 billion in 2023, according to data from the US Census Bureau, the US EIA has reported.

Berkshire Hathaway and Occidental have announced a definitive agreement for Berkshire Hathaway to acquire Occidental’s chemical business, OxyChem, in an all-cash transaction for US$9.7 billion.

Phillips 66 has provided an update on its progress toward idling operations at its Los Angeles refinery, US, in furtherance of the company’s efforts to redevelop these real estate sites.

Cerilon has announced the signing of a binding offtake agreement with Pembina for naphtha from its gas-to-liquids (GTL) project under development in Williams County, North Dakota, US.

New Fortress Energy Inc. has reached agreement on contract terms with the Third-Party Procurement Office and the Puerto Rico Public-Private Partnerships Authority for the long-term supply of LNG to Puerto Rico.