Oil refinery news

Crude oil prices were relatively stable in the 3Q25, ending the quarter just US$0.09/bbl less than they started, while refinery margins increased to their highest levels so far in 2025, the EIA has reported.

The value of all energy trade between the US and Mexico was estimated to be US$57 billion in 2024, down from nearly US$72 billion in 2023, according to data from the US Census Bureau, the US EIA has reported.

Phillips 66 has provided an update on its progress toward idling operations at its Los Angeles refinery, US, in furtherance of the company’s efforts to redevelop these real estate sites.

Aramco, Honeywell, and KAUST have signed a joint development agreement to develop technology to advance the capabilities of crude-to-chemicals, Saudi Arabia.

Plug Power has delivered its first 10 MW electrolyser for a 100 MW green hydrogen project at Galp’s Sines Refinery, Portugal.

LanzaJet has been awarded more than £10 million from the UK Department for Transport’s Advanced Fuels Fund (AFF) to accelerate development of Project Speedbird, a major SAF biorefinery in Teesside, UK.

ABB has launched the GCP100 gas chromatograph for cybersecurity and real-time analysis of complex gas mixtures in the natural gas, biogas, oil, and petrochemical industries.

Eni has announced that it has received approval to convert selected units at the Sannazzaro de’ Burgondi refinery into a biorefinery, Pavia, Italy.

Wood Mackenzie has disclosed that oil and gas companies need to brace for a tough 2026 as capital budgets fall and low-carbon spending faces further cuts.

AFPM President and CEO Chet Thompson has issued a statement following the recent EPA announcement.