Oil refinery news

Green Fuels Operating's new US$400 million refinery will be located at the site of a former refining complex, bringing clean-engineered fuel production, career-level jobs, and long-term economic investment to Stephens County, Oklahoma, US.

The EIA has reported that the US is a major energy exporter and importer, especially for petroleum as it sets new record total energy exports.

Emerson have announced it will co-develop next-generation corrosion management solutions for the Saudi Arabian Oil Co. (Aramco).

Aramco and PETRONAS have announced the signing of an agreement for the transfer of Aramco’s equity stakes in Pengerang Refining Co. and Pengerang Petrochemical Co. to PETRONAS.

Renewables are expected to account for more than 40% of the global power generation by 2030, GlobalData has reported.

Oil prices could reach US$200/bbl in worst-case scenario as more than 11 million bpd of Gulf crude and condensate supply remains curtailed, Wood Mackenzie has reported.

President Luiz Inácio Lula da Silva visited the Paulínia Refinery and announced an investment of R$37 billion in the state of São Paulo for refining, biorefining, E&P, decarbonisation, and sustainable energy generation.

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.