Crude oil

EIA: Refinery closures and rising consumption will reduce U.S. petroleum inventories in 2026

In 2026, the U.S. Energy Information Administration (EIA) forecast that inventories of the three largest transportation fuels in the U.S.—motor gasoline, distillate fuel oil and jet fuel—will fall to their lowest levels since 2000 in its February Short-Term Energy Outlook.

Shell is considering selling off chemical assets in Europe and the U.S.

Shell is considering a potential sale of its chemicals assets in Europe and the United States, the Wall Street Journal reported, citing sources familiar with the matter. The energy group has hired Morgan Stanley to conduct a strategic review of its chemicals operations, the report said.

Indonesia plans to use sovereign wealth fund to boost coal gasification projects

Indonesia seeks to boost coal gasification projects using funding from its newly launched sovereign wealth fund Danantara Indonesia, as well as plans to increase its fuel storage capacity and build a refinery with capacity of 500,000 barrels per day to ensure energy security

Canada's Enbridge earmarks $2 B until 2028 for Mainline network upgrade

Canadian midstream company Enbridge said on Tuesday that it plans to invest $2.5 B in its liquids and natural gas systems, with $2 B allocated to its Mainline network through 2028.

Refinery closures and rising consumption will reduce U.S. petroleum inventories in 2026

In 2026, the U.S. EIA forecast that inventories of the three largest transportation fuels in the United States—motor gasoline, distillate fuel oil and jet fuel—will fall to their lowest levels since 2000

Forecast: Asia to dominate global CDU capacity additions through 2030

The global conventional refining industry is anticipated to expand considerably from 2025 to 2030, fueled by increasing energy demands from emerging markets and strategic investments in refining infrastructure. Consequently, the capacity additions of crude distillation units (CDUs) are accelerating globally, with Asia projected to lead these expansions across all regions through 2030.

Use AI to replace spectrometric analyzer chemometric modeling

This article compares the two approaches in blending practices—classic chemometrics and AI—highlighting the superiority and practicality of using AI. 

Synergize FCCUs and hydrocracking processing units to maximize refining margins

Opinion: bp’s green failure offers Big Oil a lesson in moderation

bp has returned to its oil and gas roots in a spectacular about-turn following its trailblazing attempt five years ago to become a renewables giant. The takeaway for Big Oil is that the energy transition is a marathon, not a sprint.

U.S. crude stockpiles fall as refining picks up, fuel inventories build, EIA says

U.S. crude oil stockpiles fell unexpectedly last week as refining activity ticked higher, while gasoline and distillate inventories posted surprise builds.