Crude Processing

The refining sector is currently facing a significant downturn, signaling the end of a profitable supercycle that began post-pandemic

Recent developments in Indonesia, India, and Sweden highlight significant shifts in the global vegetable oil and renewable energy sectors, driven by unique economic and environmental goals.

Recent adjustments in refining operations at key locations, including Italy's Falconara, Uzbekistan's Fergana, and China's Shandong, are reshaping global oil markets through changes in crude sourcing and processing practices.

Scotland’s sole crude processing facility, the Grangemouth refinery, is set to cease operations in the second quarter of 2025, as confirmed by Petroineos.

Neste, the Finnish refiner, has downgraded its forecast for the biofuel sector, resulting in a significant 10% decline in its share price.

The STAR refinery in Türkiye, a significant purchaser of Russian Urals crude, is scheduled for an extensive maintenance period starting in early Sept.

Nigeria's Dangote Refinery is set to increasingly source its feedstock from domestic suppliers, reducing its reliance on American crude oil.

Canada’s Kearl Lake Blend crude is making a return to the Chinese market for the first time since 2018, marking a significant development in global oil trade dynamics.

The US Department of Agriculture is advocating for relaxed tax credit requirements for crops used in renewable fuel production.