US trade balance

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Representative image of a large-scale oil refinery complex under development at a U.S. coastal energy hub, illustrating the proposed America First Refining project at the Port of Brownsville, Texas, which aims to become the first new crude oil refinery built in the United States in nearly 50 years and reshape domestic refining capacity for American light shale oil.

First new US oil refinery in half a century: What America First Refining’s Port of Brownsville project means for energy

America First Refining secures a 20-year offtake deal and nine-figure investment for the first new US oil refinery in 50 years. What it means for energy, trade, and investors. Read more.

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March 11, 2026