Oil refinery news

The US EIA has reported that gasoline prices are higher than in February 2026 because of increasing crude oil prices related to the de facto closure of the Strait of Hormuz, at Memorial Day Weekend.

The American Petroleum Institute has issued the following statement from President and CEO Mike Sommers on the bipartisan passage of the Nationwide Consumer and Fuel Retailer Choice Act (H.R. 1346).

Oil prices above US$100/bbl have triggered windfall tax proposals in Brazil, the EU, the US, and Australia. A new Wood Mackenzie report warns that fiscal policy design has a long-term impact on upstream investment and production.

Axens has announced a commercial collaboration with XCF Global aimed at supporting the market deployment of Vegan®, Axens’ proprietary Hydroprocessed Esters and Fatty Acids technology.

MAIRE has announced new awards and additional works related to previously announced orders for a total amount of approximately €1.3 billion, with projects located across Asia, Europe, and the Americas.

Novity has entered into an MoU with Chiyoda Corp. to jointly deploy an integrated solution combining Novity’s predictive maintenance AI platform with Chiyoda’s operations and maintenance total solution platform.

BASF has opened a new research and development centre for advancements in refinery catalysts in Attapulgus, Georgia, US.

ENEOS has announced that it has entered into Share Purchase Agreements with various subsidiaries of Chevron to acquire 100% of Chevron’s downstream fuels and lubricants marketing businesses in Southeast Asia and Australia.

Ludoil Capital has entered into a sale and purchase agreement with GOI Energy for the acquisition of the latter's stake in ISAB, the owner of the Priolo Gargallo refinery.

Aster and Puraglobe have signed an MOU to jointly explore the development of a re-refined base oil processing facility in Singapore – turning used motor oil into high-performance Group II/III/III+ base oils.