Crude Processing

In Feb. 2025, Turkiye's largest oil refiner, Tupras, ceased its purchases of Russian crude following U.S. sanctions targeting Russian energy companies and tankers.

The possibility of a 10% tariff on Canadian crude oil imports is not only raising concerns in Canada but also poses significant challenges for US refiners in the Midwest.

Peruvian crude oil, particularly the Bretaña grade, has been increasingly purchased by US refiners.

US Refiners Brace for Canadian Tariffs and Mexico’s Export Shift to Asia and Europe

Refineries in China are sourcing alternatives to US crude after Beijing imposed a 10% tariff in response to Trump's additional import tax on Chinese goods.

Bharat Petroleum Corporation Limited (BPCL), one of India’s largest state-run refiners, is increasing its purchases of crude oil from the Middle East in response to declining supplies from Russia.

South Korean refiners are grappling with rising crude oil settlement costs, driven by the rapid depreciation of the local currency, the won, which has reached a multiyear low against the US dollar.

India's Bharat Petroleum Corp Ltd. (BPCL) has purchased its first cargo of crude oil from Argentina, marking a significant shift in the company’s sourcing strategy.

In a historic development, Rosneft, Russia's state-owned oil giant, has signed an unprecedented agreement to supply 500K b/d of crude oil to Reliance Industries, marking the largest-ever energy deal between India and Russia.

Recent developments in Nigeria’s oil sector significantly impact the Dangote refinery, positioning it to address ongoing supply challenges while reshaping the broader market landscape with global implications.