Oil refinery news

Annual motor gasoline consumption in the US decreased in 2025 even as vehicle miles travelled increased because of increasing fuel efficiency, a trend the EIA forecast will continue in 2026 and 2027.

Honeywell has announced it is providing connected services, advanced digital performance monitoring, and operator training to the Dangote Petroleum Refinery in Lekki, Nigeria.

Axens has announced that it has been selected by America First Refining (AFR) as the technology licensor for its large-scale refining facility at the Port of Brownsville, Texas, US.

Crude oil and petroleum product prices increased significantly in 1Q26, particularly following military action in the Middle East on 28 February and the subsequent de facto closure of the Strait of Hormuz, reports the EIA.

Daniela Hathorn, Senior Market Analyst, Capital.com, offers commentary on the latest developments in the Middle East, and how this is likely to affect global oil markets.

The US Energy Information Administration published its April Short-Term Energy Outlook this week, examining the implications of the closure of the Strait of Hormuz.

Fluor Corp. has announced that it has been selected by America First Refining (AFR) to execute the front-end engineering and design for their large-scale refining facility in Brownsville, Texas, US.

Southern Energy Renewables Inc. have announced that Southern and Axens have signed an MoU to collaborate on the development of SAF and related fuel projects, with an initial focus on Southern's facility in Louisiana, US.

In 2025, the US imported an average of 490 000 bpd of crude oil from the Middle East Gulf region – Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE, the US EIA has reported.

African Export-Import Bank (Afreximbank) has announced that it has underwritten US$2.5 billion in the US$4-billion senior syndicated term loan in favour of Dangote Petroleum Refinery and Petrochemicals FZE.