Oil refinery news

RapiCure has announced that it has been selected by Chevron Technology Ventures for its Catalyst Program™ aimed at accelerating technology innovation within the energy sector.

Petroleum markets in 2Q26 were characterised by continued disruptions to international crude oil and petroleum product flows through the Strait of Hormuz, contributing to higher and more volatile crude oil prices through most of the quarter, the EIA has reported.

UNIMOT Paliwa imported a seaborne shipment of crude oil to Gdansk in July 2025, which will be transported from the Naftoport terminal to the PCK refinery in Schwedt, Germany, using PERN's pipeline infrastructure.

Emerson has helped Rompetrol Rafinare reduce distributed control system alarm volumes by more than 95% using DeltaV™ AgileOps operations management software at its Petromidia refinery in Navodari, Romania.

Ferguson Enterprises Inc. has announced that it has entered into a definitive agreement to acquire FWI Holdings, Inc. (FloWorks), an industrial distributor and service provider of highly technical valves and flow control solutions, from Wynnchurch Capital L.P.

OMV has received a €450 loan from the European Investment Bank (EIB) for the construction of its 140 MW green hydrogen production facility in Austria to significantly contribute to the decarbonisation of its Schwechat refinery.

After the war in the Middle East began, fuel prices at the pump surged in some countries and barely moved in others. The IEA offers commentary.

The US Energy Information Administration published its July Short-Term Energy Outlook (STEO), increasing its expectations for global oil production.

Axens has announced the strengthening of its collaboration with Egyptian Refining Company through the signing of a long-term agreement aimed at maximising asset value and supporting ERC’s evolving needs.

Supporting both decarbonisation strategies and supply security, biofuel demand is increasing, but feedstock availability threatens to cap growth, reported GlobalData.