US refinery news

The AFPM has gathered the following perspectives from analysts and reporters to help explain why fuel prices today are not moving in lockstep with crude oil prices, and why refining capacity has become one of the most important factors shaping what consumers pay at the pump.

The American Petroleum Institute explore how the price of oil is actually determined in the latest release here.

Waterborne shipments of crude oil and petroleum products from the US Gulf Coast to the West Coast more than quadrupled year-on-year in April and May following a waiver that permitted a broader group of ships to travel between US ports, the US EIA has reported.

Phillips 66, Kinder Morgan, Inc., and HF Sinclair Corp. have announced they have finalised a joint venture agreement and made a final investment decision to move forward with the proposed Western Gateway Pipeline system.

Frontieras North America has announced the selection of Yokogawa as the main automation contractor for Frontieras' first commercial-scale FASform™ Solid Carbon Fractionation facility in Mason County, West Virginia, US.

API considers how months of disruption in the Strait of Hormuz have tested global energy markets, leaving the world with less cushion and less margin for error, and how the US energy system has managed the turbulence.

The value of energy trade between the US and Canada fell by 11% in 2025 to an estimated US$137 billion, according to data from the US Census Bureau, the US EIA has reported.

Petroleum markets in 2Q26 were characterised by continued disruptions to international crude oil and petroleum product flows through the Strait of Hormuz, contributing to higher and more volatile crude oil prices through most of the quarter, the EIA has reported.

US petroleum exports reached a record in April as disruptions to international crude oil and refined product flows through the Strait of Hormuz increased global demand for US exports, the US EIA has reported.

The US Energy Information Administration published its July Short-Term Energy Outlook (STEO), increasing its expectations for global oil production.