Crude Processing

Shaanxi Yanchang Petroleum Group, a state-controlled entity, plans to double its purchases of Russian ESPO blend crude oil this year, reaching around 1MM mt.

U.S. oil refiner Phillips 66 and grain trader Archer-Daniels-Midland (ADM) are engaged in discussions for a potential biofuels joint venture with a specific focus on producing lower-carbon jet fuel.

Nigeria's recent decision to remove fuel subsidies has had significant repercussions on its domestic petrol demand and the regional market for smuggled fuel.

Japanese petrochemical producer Mitsui Chemicals plans to manufacture petrochemicals in Osaka using pyrolysis oil from plastic waste starting in Q1 2024.

In 2022, European refiners faced an 80% reduction in Russian crude imports into the EU, Norway, and the UK, amounting to 1.36MM b/d less than pre-war levels.

Saudi Aramco has communicated to its North Asia clients that they will receive their full nominated volumes of crude oil in August.

The global demand for low-carbon biofuel feedstocks is growing rapidly, putting a strain on supply.

Bunge, a US leading oilseed processor and vegetable oil producer, is poised to capitalize on the rising demand for low-carbon renewable diesel.

TotalEnergies, Aramco, and SABIC achieve a breakthrough in the Middle East and North Africa by converting plastic waste into ISCC+ certified circular polymers.

As part of the Panipat Refinery Expansion Project, which will raise the capacity of the 15MM-mt/y (300K-b/d) refinery to..