Oil storage news

The US Energy Information Administration has released its latest Short-Term Energy Outlook (STEO).

Matrix Service Co. has announced that America First Refining has awarded the company the front-end engineering and design of the storage tank farm for AFR’s large scale refining facility in Brownsville, Texas, US.

Rompetrol Rafinare continues the strategic programme to modernise the storage infrastructure at Petromidia, Romania, through the capital rehabilitation and modernisation of five tanks with a direct impact on the refinery’s operational flexibility.

The Middle East conflict continues to disrupt oil exports through the Strait of Hormuz, straining markets and pressuring inventories – and increasing the urgency of reopening the critical waterway, according to the IEA's latest Oil Market Report.

Zimar Group is set to build a US$1.9 billion refinery and petrochemical complex in Dosso, southerwestern Niger, according to various media outlets.

As regulatory expectations around secondary containment in chemical storage continue to evolve, Sherwin Williams Protective and Marine Coatings has launched a new range of systems designed to provide comprehensive, compliant protection, tailored to a versatile set of applications.

ORLEN has opened a Marine Transshipment Terminal at its Gdansk refinery, Poland, marking the completion of one of the group’s key logistics projects.

MWG Enterprises, Patel Family Office, and PWS have together launched MERA Oil, a US-Saudi private consortium, and entered the final stage of selecting a host for their planned US$5 billion integrated refinery and energy export corridor.

L&T Energy Hydrocarbon Onshore business has secured a major engineering, procurement, and construction order from Kuwait Oil Co. for its key Jurassic Light Oil export facilities and the upgrade of existing export network.

For the week ending 17 July 2026, commercial crude oil inventories (excluding the Strategic Petroleum Reserve) increased 2.0 million barrels to 411.7 million barrels, 6% below the previous five-year (2021 - 2025) average, the US EIA has reported.