Crude Processing

The global quest for sustainable energy is actively reshaping agricultural and trade landscapes, particularly for biofuels.

Slovak refinery Slovnaft is poised to continue its diesel exports to the Czech market despite the upcoming Jun. 5 expiry of an EU exemption that allowed it to export products derived from Russian oil.

The global oil market is currently navigating a complex landscape shaped by fluctuating demand from Asia, the potential lifting of US sanctions on Iran, and the strategic positioning of major oil producers.

Indonesia's state energy firm, Pertamina, is strategically diversifying its crude oil imports, balancing sanctions-compliant Russian crude with a potential increase in US oil and gas supplies.

Japan's ambition to reduce its heavy reliance on Middle Eastern crude imports faces significant hurdles due to OPEC+'s decision to increase output.

South Korea's refining industry faces a complex situation due to OPEC+'s increased crude oil production.

US Trump Administration targeting Chinese independent refineries, known as

Repsol SA and Bunge Global SA are partnering to increase the use of intermediate novel crops, specifically camelina and safflower, as feedstocks for renewable fuel production.

The ambitious energy transition of the US state of California is facing significant hurdles as its oil refining sector contracts under the weight of stringent regulations and high costs, while its landmark electric vehicle (EV) mandate encounters strong federal opposition.

India's crude oil import landscape underwent a significant shift in the fiscal year 2024-2025, with OPEC's market share falling to an all-time low, below 50%.