Oil refinery news

The US retail price for regular grade gasoline averaged US$3.10/gal. in 2025, US$0.21/gal. less than in 2024, which marked the third consecutive year of declining gasoline prices the EIA has reported.

Hindustan Petroleum Corp. Ltd (HPCL) has commissioned the Residue Upgradation Facility (RUF) at its Visakh Refinery, India.

PBF Energy Inc. has announced that that rebuild activities at its Martinez, California, US, refinery, following the 1 February 2025 fire, are now expected to progress into February 2026.

L&T’s Hydrocarbon Onshore business vertical (L&T Onshore) has won a major order from Bharat Petroleum Corp. Ltd (BPCL) for a polyethylene swing unit in India.

The US EIA has reported that crude oil prices generally declined in 2025 with supplies in the global crude oil market exceeding demand.

Technip Energies has announced the completion of its acquisition of the Advanced Materials & Catalysts (AM&C) business from Ecovyst Inc., a global leader in specialty catalysts and advanced materials.

The Rijeka refinery upgrade project, Croatia, has entered its final phase of implementation as construction works on the key systems of the new processing units have been completed.

Babcock & Wilcox has announced that it has been awarded a $40 million contract to supply advanced low-pressure wet gas scrubbing (WGS) technology for installation at a major petroleum refinery in Canada.

ExxonMobil, Aramco, and Samref have signed an agreement to evaluate a significant upgrade of the Samref refinery, in Yanbu, Saudi Arabia, and an expansion of the facility into an integrated petrochemical complex.

The US Energy Information Administration has released the December Short-Term Energy Outlook.