USA exported 30% of the energy it produced in 2024
The US Energy Information Administration has reported that in 2024, the US exported about 30% of its domestic primary energy production.
Refining
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EIA expects the price of crude to fall by the end of 2025
The US Energy Information Administration (EIA) expects a significant decline in the price of oil as growth in the global supply of oil vastly surpasses growth in demand for petroleum products.
AFPM comments on RFS proposal
The AFPM have recently submitted comments on the Environmental Protection Agency’s (EPA’s) proposed Renewable Fuel Standard (RFS) volumes for 2026 and 2027.
Imperial produce renewable diesel at Strathcona refinery
Imperial has completed construction and is now producing renewable diesel at the Strathcona refinery, Canada.
Ampol extends partnership with Wood for Lytton refinery maintenance
Wood has secured a $50 million contract extension to provide maintenance solutions at Ampol’s Lytton refinery in Brisbane, Australia.
Hargrove Controls & Automation partner with ABB
Hargrove Controls & Automation has announced a new partnership with ABB to deploy industrial digitalisation solutions for its clients across the refining, petrochemicals, and heavy manufacturing sectors.
Petroleum prices reacted to economic and geopolitical uncertainty in 2Q25
The US EIA has reported that energy prices were more volatile in the 2Q25 amid uncertainty from concerns over economic growth as well as geopolitical tensions in the Middle East.
More Refining news
KBC launches Petro-SIM 7.6 simulation software
KBC (A Yokogawa Company) has announced the launch of Petro-SIM® v7.6, the latest release of its digital twin process simulation platform for the upstream and downstream oil and gas sectors.
MOL and KazMunayGas sign oil trading agreement
MOL has imported 85 000 t of CPC blend into the Central and Eastern European region and signed an oil trading contract with Kazakhstan’s national oil company, KazMunayGas (KMG).
Bilfinger wins FEED contract from KNPC
Bilfinger has been awarded a major FEED contract from Kuwait National Petroleum Co. (KNPC) for the new North Oil Pier at the customer’s MAA Refinery in Kuwait.
Mitsubishi Power achieves landmark hydrogen fuel conversion
Mitsubishi Power has announced the completion and handover of a hydrogen fuel conversion at Egyptian refinery ANRPC.
Topsoe technology selected for CountryMark’s refinery
Topsoe, a provider of technology and solutions for the energy transition, has been selected as the renewable diesel technology partner for CountryMark’s Mount Vernon, Indiana refinery, US.
Shell completes sale of interest to Colossus AcquireCo LLC
Shell has completed its sale of interest in Colonial Enterprises Inc. to Brookfield subsidiary.
AFPM responds to consolidation of Class 1 freight rail
American Fuel and Petrochemical Manufacturers (AFPM) has released a statement on the continued consolidation of US Class 1 freight railroads.
API responds to EPA’s proposal
American Petroleum Institute (API) has released a statement on the US Environmental Protection Agency’s (EPA) proposal to repeal vehicle emissions standards.