Crude Processing

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.

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

Turkiye's major oil refiner, Tupras, is set to receive its inaugural cargo of Itapu crude from Brazil in early Apr., marking a significant shift in the country's oil sourcing.

May-loading Asia-Pacific medium sweet crude premiums face potential pressure due to increased supply and weakening middle distillate cracks.

Nigeria's state-owned NNPC is currently negotiating an extension to its six-month naira-denominated crude sales agreement with the 650K b/d Dangote refinery, which is set to expire this month.

Crude receipts at Saras' 300K b/d Sarroch refinery in Italy reached a six-year high in Feb., with the plant processing a trio of new crude grades in Feb. and Mar.

The specter of a 10% tariff on Canadian crude imports has cast a long shadow over US refining, particularly in the Midwest (PADD 2), a region deeply intertwined with Canadian energy flows.

The newly operational Dangote refinery in Nigeria, boasting a 650K b/d capacity, has broadened its crude sourcing strategy by purchasing its inaugural cargo of Algerian Saharan Blend crude.