Crude Processing

Hungarian oil group MOL has announced a delay in its transition to processing entirely non-Russian crude, now targeting the end of 2026 for this objective.

In the US, California's regulatory framework is undergoing significant changes with the California Air Resources Board (CARB) advancing new restrictions on crop-based biofuels.

In France, Haffner Energy and Bambbco have announced a partnership aimed at optimizing biomass procurement for clean fuels production, focusing on utilizing crops grown on marginal land.

The refining sector is currently facing a significant downturn, signaling the end of a profitable supercycle that began post-pandemic

Recent developments in Indonesia, India, and Sweden highlight significant shifts in the global vegetable oil and renewable energy sectors, driven by unique economic and environmental goals.

Recent adjustments in refining operations at key locations, including Italy's Falconara, Uzbekistan's Fergana, and China's Shandong, are reshaping global oil markets through changes in crude sourcing and processing practices.

Scotland’s sole crude processing facility, the Grangemouth refinery, is set to cease operations in the second quarter of 2025, as confirmed by Petroineos.

Neste, the Finnish refiner, has downgraded its forecast for the biofuel sector, resulting in a significant 10% decline in its share price.

The STAR refinery in Türkiye, a significant purchaser of Russian Urals crude, is scheduled for an extensive maintenance period starting in early Sept.