Crude Processing

The European Union's rapeseed crushing volumes increased in Jan., driven by strong Australian canola imports, while soybean and sunflower seed crushing declined.

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.

In 2024, China's used cooking oil (UCO) exports reached a record 2.951 MM mt, marking a 43.49% increase from 2023.

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.

Used cooking oil (UCO), a waste byproduct from food preparation, has seen a dramatic rise in prices, with Jan. 2025 marking a two-year high.

The landscape for biofuels in the US and Brazil is undergoing a fundamental shift as policymakers and producers increasingly prioritize low-carbon feedstocks over traditional crop-based oils like soybean and canola oil.

The palm oil market is poised for continued strength in 2025, driven by a mix of factors including rising biodiesel demand, higher tariffs, and sustained consumption of edible oils, while production is expected to remain relatively stagnant.

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.