Refining

EIA: Oil prices and refinery margins fell slightly in first quarter of 2025

During the first quarter (1Q) of 2025, crude oil prices generally decreased while U.S. refinery margins initially increased before decreasing in the final month of the quarter. In its quarterly update, the U.S. Energy Information Administration (EIA) reviews petroleum markets price developments in 1Q, covering crude oil prices, refinery margins, biofuel compliance credit prices and natural gas plant liquids prices.

Biofuel maker Neste expects limited impact from tariffs, but supply glut still weighs

Finnish biofuel maker and oil refiner Neste expects U.S. tariffs will have only a limited direct impact on its business, but warned of continuous oversupply in renewable fuel and market volatility.

Portugal's Galp restarting Sines oil refinery over coming days

Portugal's Galp will be gradually restarting units at its Sines oil refinery over the coming days after the major Iberian power outage on Monday forced it to suspend operations.

Mexico's Olmeca refinery will restart, halt was 'nothing serious'

Mexico's new Olmeca refinery is ready to restart production, Mexican President Claudia Sheinbaum said on Tuesday, denying that a temporary outage had been caused by sabotage of its catalytic cracking unit.

INEOS CEO Sir Jim Ratcliffe: Carbon tax and high energy costs are killing off manufacturing in Britain

Topsoe chosen as technology provider by Zhejiang Jianglan for SAF project

Once fully operational, the plant is set to produce 300,000 tons of SAF annually which will initially be exported to European markets.

WastAway receives U.S. patent for its entire waste-to-fuel process

WastAway – a leading green tech company that converts municipal solid waste (MSW) to fuel – has won a U.S. patent for its entire waste-to-fuel process, bringing the total number of U.S. and international patents to 26.

Spanish oil refineries shut down after power blackout

Several Spanish oil refineries, including both plants run by Spain's second largest refinery operator Moeve, were shut down on Monday after a widespread power outage hit Spain and Portugal.

Grangemouth refinery (Scotland) ceases crude oil processing, transitions into import terminal

Scotland's only oil refinery ceased crude oil processing as of Tuesday, operator Petroineos said in a statement, as the site transitions to an import terminal.

EIA: U.S. imports of major transportation fuels decreased in 2024

U.S. imports of petroleum products decreased by 210,000 bpd in 2024 to average 1.8 MMbpd. Imports of all major transportation fuels, such as motor gasoline, diesel and jet fuel, as well as other products, such as unfinished oils, decreased.