Oil refinery news

The US Energy Information Administration (EIA) has published the newest short-term energy outlook (STEO), including forecasts for 2027.

The Indonesian President has inaugurated upgrades to the Balikpapan Refinery, a National Strategic Project that marks a significant milestone in strengthening Indonesia's energy security and sovereignty.

Ketjen has announced that it will implement a pricing adjustment for its hydroprocessing catalyst portfolio, effective 15 January 2026.

The US retail price for regular grade gasoline averaged US$3.10/gal. in 2025, US$0.21/gal. less than in 2024, which marked the third consecutive year of declining gasoline prices the EIA has reported.

Hindustan Petroleum Corp. Ltd (HPCL) has commissioned the Residue Upgradation Facility (RUF) at its Visakh Refinery, India.

PBF Energy Inc. has announced that that rebuild activities at its Martinez, California, US, refinery, following the 1 February 2025 fire, are now expected to progress into February 2026.

L&T’s Hydrocarbon Onshore business vertical (L&T Onshore) has won a major order from Bharat Petroleum Corp. Ltd (BPCL) for a polyethylene swing unit in India.

The US EIA has reported that crude oil prices generally declined in 2025 with supplies in the global crude oil market exceeding demand.

Technip Energies has announced the completion of its acquisition of the Advanced Materials & Catalysts (AM&C) business from Ecovyst Inc., a global leader in specialty catalysts and advanced materials.

The Rijeka refinery upgrade project, Croatia, has entered its final phase of implementation as construction works on the key systems of the new processing units have been completed.