Crude Processing

Taiwanese President Lai Ching-te announced that Taiwan intends to increase its imports of US oil and gas as a key aspect of tariff negotiations with the Trump Administration.

Integrated biorefineries, capable of utilizing diverse feedstocks, are essential for optimizing operational costs, mitigating feedstock supply risks, and scaling up the production of affordable renewable fuels to meet net-zero targets.

In Mar. 2025, Indonesia's exports of crude and refined palm oil saw a slight contraction, reaching 2.02MM mt, a marginal decrease from the 2.06MM mt recorded in Feb.

Turkey's primary oil refining company, Tupras, has recommenced the purchase of Russian Urals crude oil following a brief cessation earlier in 2025 that was triggered by US sanctions imposed on Moscow.

China's independent refineries (aks teapots) are anticipated to significantly decrease their imports of Venezuelan crude oil in Apr. as US secondary sanctions take effect

US refiners are reportedly suspending significant investments in expanding domestic crude processing or reducing reliance on Canadian and Mexican oil due to frustration with the Trump administration's global tariff war.

Nigeria's Dangote refinery, a new major player, has begun purchasing crude oil from Brazil and Equatorial Guinea, signaling a diversification of its feedstock sources due to fluctuating domestic availability.

In 2024, US refineries achieved a record-high proportion of jet fuel production, driven by increased demand compared to other transportation fuels.

Indian refiners are reducing their spot market crude oil purchases as Russian supplies recover from sanctions-related disruption

The US biomass-based diesel industry, spurred by renewable diesel, has grown significantly to 6.4B gal (24.23B liters) in capacity.