Oil storage news
IEA: continued Hormuz disruptions strain global oil supplies and inventories
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 to build refinery and petrochemical complex in Niger
Zimar Group is set to build a US$1.9 billion refinery and petrochemical complex in Dosso, southerwestern Niger, according to various media outlets.
Sherwin Williams launches range of chemical-resistant coating systems
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 opens marine terminal on the Martwa Wisla River
ORLEN has opened a Marine Transshipment Terminal at its Gdansk refinery, Poland, marking the completion of one of the group’s key logistics projects.
MERA Oil enters final stage of site selection for planned US$5 billion refinery
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 wins major order from Kuwait Oil Co. for hydrocarbon onshore business
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.
EIA: commercial crude oil inventories increased by 2 million barrels
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.
Emerson expands flame detection portfolio
Emerson has announced a new flameproof model for the Rosemount™ 965 Flame Detector, adding hazardous-location certification for applications where reliable hydrocarbon flame detection is required.
From schedule to execution: How Honeywell Terminal Manager helps terminals plan every movement with confidence
Honeywell Terminal Manager helps terminal operators digitally plan, coordinate and execute truck, rail and marine movements, improving visibility, reducing congestion, strengthening readiness and turning planning into a competitive advantage across complex terminal operations.
EIA: what are tank bottoms?
Crude oil inventories held at storage facilities in Cushing, Oklahoma, US, fell below 20 million bbl during the week ending 19 June until the week ending 10 July, according to EIA's Weekly Petroleum Status Report.