Oil refinery news
EIA: crude oil prices and refinery margins generally increased 3Q26
Petroleum markets in 3Q26 were characterised by increasing prices for crude oil and petroleum products amid persistent conflict in the Middle East, the US EIA has reported.
SAR signs an agreement with Yamata
Société Africaine de Raffinage (SAR) has signed an agreement with Yamata for the construction of a second refinery of 4 million tpy and the modernisation of the Mbao refinery, Senegal.
McKinsey Global Energy Perspective 2026: shifting demand drives energy expansion as uncertainty reshapes the global outlook
The range of plausible outcomes has widened substantially for the global energy system, according to McKinsey & Company’s Global Energy Perspective 2026.
Dangote Group selects Honeywell Technologies for US$300 million project scope
Dangote Petroleum Refinery and Petrochemicals FZE has selected Honeywell Technologies to provide process technologies, licensing, engineering services, proprietary catalysts, equipment, and digital solutions for its planned 700 000 bpd refinery in Kenya.
Wood Mackenzie: US considers diesel export restrictions
Ed Crooks, Wood Mackenzie, considers how diesel export restrictions could impact the refining industry and lead to higher fuel costs for most Americans.
FTAI Energy Partners agrees to acquire crude oil logistics assets from USD Group
FTAI Energy Partners LLC has announced that its subsidiary has entered into a definitive agreement to acquire the Port Arthur Terminal in Port Arthur, Texas, US, and a 50% interest in the DRU located in Hardisty, Alberta, Canada, from a subsidiary of USD Group LLC.
Petrobras receives payment of new instalments from the Diesel Economic Subsidy Program
Petrobras has informed that it has received a payment of R$2.3 billion related to the Economic Subsidy for the Commercialization of Diesel, for the period from 16 July to 31 July 2026.
BSR signs crude oil purchase framework agreement with ExxonMobil Asia Pacific
Petrovietnam Refining and Petrochemical Corp. (BSR) have exchanged a Framework Agreement for crude oil purchases with ExxonMobil Asia Pacific, an affiliate of ExxonMobil, opening a new avenue of cooperation in feedstock supply for Dung Quat Refinery.
Wood Mackenzie: US diesel export ban would trigger global stock drawdowns, cut US refinery utilisation, and risk driving gasoline prices higher
As US diesel prices soar and political pressure for an export ban grows, a new Wood Mackenzie analysis warns the move could have considerable ripple effects, triggering significant global product stock drawdowns while ultimately proving self-defeating for American consumers.
Ludoil plans €1.3 billion investment at ISAB refinery
Ludoil Capital S.r.l has completed the acquisition of a 51% stake in ISAB S.r.l. from GOI Energy S.r.l., following the successful outcome of the Golden Power procedure.