Crude Processing

Chinese independent refineries, concentrated in Shandong province and Tianjin City, are strategically recalibrating their crude oil procurement strategies amid a dynamic market landscape.

March saw a notable decline in Malaysia's palm oil stocks, dropping by 7.3% to 1.78MM mt., despite a significant uptick in production, which rose by 11.9% to 1.41MM mt.

The country is exploring the potential of coconuts as an alternative feedstock for Sustainable Aviation Fuel (SAF) production, highlighting a shift towards more sustainable biofuel options in the aviation industry.

Abu Dhabi National Oil Company's (ADNOC) refinery upgrade strategy and crude grade shift are expected to have an impact on global oil market dynamics.

Spain's energy major Repsol SA has reached a significant milestone in the country's energy transition.

The Phillips 66 Rodeo refinery in California has undergone a significant transformation, shifting from conventional crude processing to becoming a renewable fuel facility.

The biofuel sector in the US is experiencing a remarkable surge, fueled by burgeoning demand for renewable diesel and sustainable aviation fuels (SAFs).

Nigeria's Dangote oil refinery, operational since Jan., is poised to disrupt the global oil and gas market, particularly affecting Europe's refining sector.

Petroineos' Grangemouth refinery, located in Scotland with a capacity of 150K b/d, is set to resume seaborne crude imports through the repaired Finnart pipeline.

Nigeria's oil regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), is actively addressing challenges in implementing the Domestic Crude Oil Supply Obligation (DCSO) policy.