Crude Processing

Used cooking oil (UCO), a waste byproduct from food preparation, has seen a dramatic rise in prices, with Jan. 2025 marking a two-year high.

The landscape for biofuels in the US and Brazil is undergoing a fundamental shift as policymakers and producers increasingly prioritize low-carbon feedstocks over traditional crop-based oils like soybean and canola oil.

The palm oil market is poised for continued strength in 2025, driven by a mix of factors including rising biodiesel demand, higher tariffs, and sustained consumption of edible oils, while production is expected to remain relatively stagnant.

Bharat Petroleum Corporation Limited (BPCL), one of India’s largest state-run refiners, is increasing its purchases of crude oil from the Middle East in response to declining supplies from Russia.

Europe is set to experience further closures in its refining sector in 2025, with nearly 400K  b/d capacity—about 3% of the region’s total—scheduled to shut down permanently

South Korean refiners are grappling with rising crude oil settlement costs, driven by the rapid depreciation of the local currency, the won, which has reached a multiyear low against the US dollar.

India's Bharat Petroleum Corp Ltd. (BPCL) has purchased its first cargo of crude oil from Argentina, marking a significant shift in the company’s sourcing strategy.

In a historic development, Rosneft, Russia's state-owned oil giant, has signed an unprecedented agreement to supply 500K b/d of crude oil to Reliance Industries, marking the largest-ever energy deal between India and Russia.

Chevron USA. Inc. has successfully completed a major retrofit of its refinery in Pasadena, Texas, aimed at significantly improving its refining capacity and product flexibility.

Braya Renewable Fuels, Canada's largest renewable diesel (RD) producer, is considering an economic shutdown of its 18K b/d biorefinery in Come-by-Chance, Newfoundland, and Labrador, by the end of 2024.