Crude Processing

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.

The UK has initiated an anti-dumping investigation into hydrotreated vegetable oil (HVO) imports from the US.

Nigeria's state-owned NNPC is currently negotiating an extension to its six-month naira-denominated crude sales agreement with the 650K b/d Dangote refinery, which is set to expire this month.

Crude receipts at Saras' 300K b/d Sarroch refinery in Italy reached a six-year high in Feb., with the plant processing a trio of new crude grades in Feb. and Mar.

The specter of a 10% tariff on Canadian crude imports has cast a long shadow over US refining, particularly in the Midwest (PADD 2), a region deeply intertwined with Canadian energy flows.

The newly operational Dangote refinery in Nigeria, boasting a 650K b/d capacity, has broadened its crude sourcing strategy by purchasing its inaugural cargo of Algerian Saharan Blend crude.

The global used cooking oil (UCO) market is experiencing a period of significant flux, shaped by shifting trade policies and evolving demand patterns.

Despite growing sanctions and logistical difficulties, China’s independent refiners (aka teapots) maintained stable Russian crude oil imports in Jan. 2025.

In Feb. 2025, Turkiye's largest oil refiner, Tupras, ceased its purchases of Russian crude following U.S. sanctions targeting Russian energy companies and tankers.