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.

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.

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.

The UK has initiated an anti-dumping investigation into hydrotreated vegetable oil (HVO) imports from the US.

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.