Oil refinery news

The US Energy Information Administration has reported that many US states slightly increased their taxes and fees on gasoline in 2025, with highs recorded in California and lows in Alaska.

EIA forecasts that production of petroleum and other liquids will continue to exceed global demand, which results in Brent crude oil prices falling from an average of US$69/bbl in 2025 to US$58/bbl in 2026 and US$53/bbl in 2027.

Kevin Fletcher, ClydeUnion Pumps, USA, and Eric Ford, Graphalloy, USA, highlight the importance of pump servicing solutions for rapid turnaround of ageing refinery units.

Axens has announced the closing of the acquisition of 100% of Eurecat, following the completion of the required regulatory approvals.

Binh Son Refining and Petrochemical JSC (BSR) has signed several memoranda of understandings (MoUs) with leading US energy firms, marking a fresh step forward in bilateral energy cooperation.

Petrobras has renewed and expanded crude oil sales contracts with India’s main state-owned refiners during a global energy industry leaders’ meeting, held in the city of Goa, India.

Repsol will install its second 100 MW electrolyser at its Petronor refinery in Muskiz, Northern Spain, advancing its industrial decarbonisation strategy.

The American Petroleum Institute (API) has called for swift congressional action on year-round E15 and refinery certainty.

In the latest Short-Term Energy Outlook (STEO), EIA forecasts that retail US gasoline prices will be lower in the next two years than in 2025, falling 6% in 2026 and then increasing 1% in 2027.

Engineers India Ltd (EIL) has partnered with the Dangote Group as the PMC and EPCM consultant for the 650 000 bpd Dangote Refinery and Petrochemical Complex.