Downstream news

The UAE’s decision to exit OPEC+, effective 1 May, has drawn considerable attention from oil market participants, Rystad Energy reports.

Lantern LNG Holding Company, LLC has announced its intention to use Honeywell as the end-to-end LNG technology and automation solutions provider for its planned offshore LNG development located off the coast of Texas in Matagorda Bay, US.

Between the week ending March 20 and the week ending April 24, the US DOE released a total of 17.5 million bbl of crude oil from the US Strategic Petroleum Reserve, according to the EIA.

The UAE's withdrawal from OPEC, effective 1 May 2026, represents the most significant fracture in the organisation's 66-year history and increases the risk of oversupply weakening prices, according to Wood Mackenzie.

INEOS Acetyls and Sandpiper Chemicals, LLC today announced the formation of a strategic collaboration in support of Sandpiper’s low-carbon methanol production facility in Texas City, Texas, US.

Prices for natural gas in Europe and Asia have diverged from those in the US since the 28 February closure of the Strait of Hormuz, the US EIA has reported.

MAIRE has announces that Nextchem, through its subsidiary Conser has been awarded licensing, process design package, and technical services for a new plant to produce Trimellitic Anhydride in China.

Data released by Wood Mackenzie shows the Middle East conflict disrupted 80 million tpy of Gulf LNG exports, yet power markets absorbed the shock through fuel diversification.

Clariant, a sustainability-focused specialty chemical company, has announced the launch of CATOFIN 1000, its propane dehydrogenation catalyst.

Emerson has announced the successful deployment of an AI-driven optimisation solution for Aramco, with the integration of Emerson’s Aspen Hybrid Models™ into Aramco’s existing refinery planning framework.