Oil refinery news
Aster expands Bukom refinery capacity
Aster is set to expand capacity at the Bukom refinery, Singapore, with US$155 million rejuvenation drive for growth and supply resiliency with key projects planned.
API urges US policymakers to advance legislation for stable, efficient fuels marketplace
The API has joined organisations representing ethanol producers, oil refiners, fuel marketers, travel plazas, truck stops, and convenience store retailers to express the need for long-term policy certainty across the fuel sector.
Idemitsu Kosan to supply biofuels to shipping industry
Idemitsu Kosan Co. Ltd has partnered with Kanematsu Corp. to become the first Japanese oil refiner to begin supplying bio-blended fuel, a blend of heavy oil and FAME, to ocean-going vessels.
US retail gasoline prices fall below US$3/gal.
US retail prices have fallen below US$3/gal., the lowest price since 2021, the US Energy Information Administration has reported.
AFPM: revised fuel economy standards would put CAFE back on solid legal footing
AFPM President and CEO Chet Thompson has issued a statement on the Trump administration’s proposed revised 2027 - 2031 Corporate Average Fuel Economy (CAFE) Standards.
Petrobras advances expansion of RNEST
Petrobras has advanced the expansion of the processing capacity of the Abreu e Lima Refinery (RNEST), Brazil, with the construction of the second set of units (train 2).
Geopolitical developments contribute to elevated diesel prices
The US Energy Information Administration (EIA) considers key geopolitical developments that have contributed to rising diesel prices in the final months of 2025.
JCEDF hosts groundbreaking ceremony for BWC Terminals’ new facility
Jackson County Economic Development Foundation (JCEDF) has hosted a groundbreaking ceremony for BWC Terminals’ new facility in Pascagoula, Mississippi, US, which will receive, store, and deliver petroleum products.
CZPC receives investment licence for Zambia oil refinery
The Zambia Development Agency has handed over the investment licence to China Zambia Petrochemical Corp. for the development of a US$1.1 billion crude-oil refinery and integrated energy complex in Ndola, Zambia.
US average gasoline prices this Thanksgiving similar to last
On the Monday before Thanksgiving, the US retail price for regular-grade gasoline averaged US$3.06/gal., just ¢2/gal. higher than the same time in 2024, the EIA has reported.