Oil refinery news

In this report, the EIA examines strategic global oil inventory levels as of December 2025, before the coordinated emergency release following the closure of the Strait of Hormuz.

Honeywell has announced that Petrobras has selected Honeywell UOP’s ethanol-to-jet process technology for project development at its REPLAN refinery in São Paulo, Brazil.

Technip Energies has been awarded two FEED contracts by Société Gabonaise de Raffinage for its refinery in Port-Gentil, Gabon.

Annual motor gasoline consumption in the US decreased in 2025 even as vehicle miles travelled increased because of increasing fuel efficiency, a trend the EIA forecast will continue in 2026 and 2027.

Honeywell has announced it is providing connected services, advanced digital performance monitoring, and operator training to the Dangote Petroleum Refinery in Lekki, Nigeria.

Axens has announced that it has been selected by America First Refining (AFR) as the technology licensor for its large-scale refining facility at the Port of Brownsville, Texas, US.

Crude oil and petroleum product prices increased significantly in 1Q26, particularly following military action in the Middle East on 28 February and the subsequent de facto closure of the Strait of Hormuz, reports the EIA.

Daniela Hathorn, Senior Market Analyst, Capital.com, offers commentary on the latest developments in the Middle East, and how this is likely to affect global oil markets.

The US Energy Information Administration published its April Short-Term Energy Outlook this week, examining the implications of the closure of the Strait of Hormuz.

Fluor Corp. has announced that it has been selected by America First Refining (AFR) to execute the front-end engineering and design for their large-scale refining facility in Brownsville, Texas, US.