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.

Phillips 66 is beginning the process of shutting down its Los Angeles-area refinery, with units scheduled to be idled in phases through the fourth quarter of 2025 until the facility is permanently offline by year-end.

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.

China's refinery throughput surged to a nearly two-year high in Jun. 2025, driven by improved fuel margins and the completion of seasonal maintenance.

Southeast Asia is actively reshaping its energy landscape, prioritizing the use of palm waste for Sustainable Aviation Fuel (SAF) amidst challenges with traditional feedstocks.