Oil refinery news

Wood Mackenzie has reported that Johan Sverdrup Crude hits record US$24/bbl premium to Brent as Saudi pipeline suspension tightens European medium-sour supply.

Ketjen’s new platform, iKet™, gives refinery engineers real-time visibility into catalyst and unit performance by directly linking operating data to technical expertise and process models. Instead of waiting on periodic reviews, teams can spot anomalies sooner, work collaboratively, and make faster, better-supported FCC and HPC decisions that protect operating margins.

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.

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.

The range of plausible outcomes has widened substantially for the global energy system, according to McKinsey & Company’s Global Energy Perspective 2026.

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.

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 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 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.

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.