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Downstream oil refining reports
Strait of Hormuz disruption: a perfect storm for European middle distillates
Europe faces an unprecedented diesel and jet fuel crisis. The March 2026 Strait of Hormuz closure has severed Persian Gulf supplies that provided 6...
US Independent Refiners: Q4 2025 results recap and analysis
Q4 earnings for the five US Independent refiners wrapped up last week with HF Sinclair (DINO). Valero (VLO) kicked the season off on 29 January, wh...
Powering Change: How electric two-wheelers will displace gasoline demand in SE Asia and India
Two-wheelers represent the backbone of personal transportation across India and Southeast Asia, currently comprising approximately 80% of the regio...
Retail fuel mergers and acquisitions in 2026: what to expect?
Even though the number of mergers and acquisitions (M&A) involving at least 100 service stations decreased in 2025 compared to 2024, there were sev...
Corporate downstream benchmarking 2025-2026, part 2: refining, chemicals and retail
Downstream remains a critical value anchor, accounting for roughly 20% of the peer group's total corporate value and stabilizing cash flows, yet st...
Phillips 66 to acquire UK Lindsey Oil Refinery assets
Phillips 66 (P66) has agreed to acquire the assets of the insolvent Lindsey Oil Refinery (LOR) from the Prax Group. P66 will not restart refining, ...
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