Crude Processing

Nigeria's Dangote Refinery, poised to become one of the world's largest oil processing facilities with a capacity of 650K b/d, is on the brink of transforming global fuel markets.

Delek, a US independent refiner, has temporarily closed three biodiesel facilities located in Texas, Arkansas, and Mississippi, which together produced 2.6 b/d of biodiesel from various feedstocks.

The Dangote refinery, a significant new player in Nigeria's oil sector with a capacity of 650K b/d, faces severe challenges in securing adequate domestic crude supplies.

In the third quarter of 2024, major U.S. crude oil refiners are scaling back their operations due to weak profit margins and necessary maintenance. 

The newest mega refiner, Shandong Yulong Petrochemical, has increased its acquisition of Russian crude oil cargoes for Sept., preparing for a test operation of its new facility.

US lawmakers are urging the Biden administration to address concerns regarding the import of used cooking oil (UCO) from China and other foreign feedstocks for biofuels.

The Dangote Petroleum Refinery in Nigeria, the largest refinery in Africa, has been reselling crude oil from both Nigeria and the US due to technical challenges.

India's largest private refiner, Reliance Industries, has secured a US license to purchase crude oil from Venezuela despite renewed US sanctions.

US biofuel production is undergoing significant changes due to the increasing importation of waste-based feedstocks.

The biofuels market faces significant challenges due to oversupply, but tougher mandates promise a more positive long-term outlook, according to Dutch storage firm Royal Vopak.