Crude Processing

Indian refiners are expected to trim their near-term purchases of Russian oil as the US has doubled its tariffs on Indian goods to 50% in response to India’s continued buying of Russian crude.

As of Aug. 2025, the global fossil fuel market is in flux due to geopolitical tensions, US sanctions, and the need for energy security.

India's energy landscape is facing significant upheaval as a confluence of US tariffs and EU sanctions, alongside narrowing discounts on Russian oil, is prompting a strategic pivot away from Moscow's crude.

The BTC Pipeline Company declared force majeure on its Azeri crude exports from its Turkish terminal in Ceyhan on Jul. 29 due to an organic chloride contamination incident.

Here is a case of how geopolitics impacts the global oil market.

Africa's richest man, Aliko Dangote, expressed concern on Jul. 22 about the paradoxical state of African refining: despite producing 7 MM b/d of crude, the continent imports 120 MM tons of refined products annually

To update the event last week, the US Department of Energy (DOE) authorized a Strategic Petroleum Reserve (SPR) exchange with ExxonMobil to address a crude quality issue impacting the company's Baton Rouge refinery.

The global oil market is currently navigating significant regional challenges, with a major US refinery experiencing disruption due to crude quality issues and the UK's insolvent Lindsey oil refinery facing an uncertain future despite a temporary crude supply agreement.

The global refining landscape is witnessing a notable divergence in fuel oil import strategies.

Asian refiners are closely monitoring escalating Middle East tensions, particularly after Iran's threat to close the Strait of Hormuz following US strikes on Iranian nuclear facilities.