Crude Processing

US Trump Administration targeting Chinese independent refineries, known as

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%.

Taiwanese President Lai Ching-te announced that Taiwan intends to increase its imports of US oil and gas as a key aspect of tariff negotiations with the Trump Administration.

Turkey's primary oil refining company, Tupras, has recommenced the purchase of Russian Urals crude oil following a brief cessation earlier in 2025 that was triggered by US sanctions imposed on Moscow.

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.

Indian refiners are reducing their spot market crude oil purchases as Russian supplies recover from sanctions-related disruption

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.