Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Letter from the US: Oil refining gets a do-over
It is an unusual story of out with the new and in with the old, as America First Refining shows the US going back to trusted energy security developments
Rethinking the Middle East oil topography
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
Indian refiners prove their adaptability
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
Venezuela upends global heavy crude market
The ripple effects of US refiners switching to Venezuela grades will be felt from Canada to China and everywhere in between
Oil’s tanker transformation
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
Kurdistan starts to deliver on oil promise
Gulf Keystone looks to a ‘transformational’ 2026, with the oil producer upbeat for the region should all the vested interests keep their eyes on the prize
India’s refining project strengthens ties to Mongolia
The Central Asian country’s first oil refinery is being funded by a $1.7b line of credit from New Delhi, but routes in and out of the country remain controlled by Russia and China
Canada’s Asian pivot faces hurdles
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
Turkmenistan's pipe dream
Construction of the pipeline in Afghanistan is making tangible progress, but extending it into Pakistan and India remains unrealistic for political reasons
Nigerian oil theft: Breakthrough or false dawn?
Progress on fixing Nigeria’s long-term oil pipeline theft problem needs to be supported by a wider strategy to avoid relapse
Midstream
Paul Hickin,
Editor-in-chief
Houston
24 March 2026
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Letter from the US: Oil refining gets a do-over

It is an unusual story of out with the new and in with the old, as America First Refining shows the US going back to trusted energy security developments

After nearly 50 years without a major new refinery, the US had planned a ‘next-generation’ refinery in Cushing, Oklahoma, kitted out with hydrogen bells and whistles and a net-zero carbon goal. That was three years ago. The project is now looking moribund and is set to be usurped by a new planned refinery in Brownsville, Texas. The America First Refining (AFR) facility, announced by President Donald Trump and backed by India’s Reliance Industries, is part of a plan to expand domestic energy production amounting to $300b in value. This figure includes the long-term trade or economic impacts, rather than being purely the construction costs. Texan regulators issued air permits for an earlier ve

Also in this section
Letter from the US: Oil refining gets a do-over
24 March 2026
It is an unusual story of out with the new and in with the old, as America First Refining shows the US going back to trusted energy security developments
Middle East chaos creates new oil and gas trends
23 March 2026
A complex and sometimes contradictory web of factors that include unpredictable oil prices, the globalisation of LNG markets, the expansion of Middle Eastern sovereign capital and the growth of datacentre demand will shape the energy landscape beyond 2026
The key arteries of the energy world
23 March 2026
The Strait of Hormuz crisis highlights how key waterways can become global chokepoints
A bigger and longer crisis
20 March 2026
Attacks on key oil and LNG assets across the Gulf mean a prolonged supply disruption, with damage to Qatar’s export capacity undermining confidence in the global gas system

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search