Crude Processing

Repsol and Bunge have announced a strategic partnership to address the rising demand for lower carbon-intensity feedstocks for renewable fuels in Spain, aligning with EU regulations.

Gunvor's head of research, Frederic Lasserre, emphasized the volatile nature of the global refining market, stating,

PetroChina's Guangdong Petrochemical, located in southern Guangdong province, is poised to receive its inaugural cargo of Venezuelan Merey crude around March 23.

In Feb., both Malaysia and India witnessed significant declines in palm oil exports and vegetable oil imports, respectively.

Bunge and Chevron Ag Renewables have joined forces to construct a state-of-the-art oilseed processing plant in located on the Gulf Coast in Destrehan, Louisiana, US.

The global palm oil market is poised for a significant transformation in 2024, driven by stagnating production in key regions and heightened demand for biodiesel.

Argentina's Medanito crude has reached a three-month high, driven by rising demand from US West Coast refineries in preparation for the upcoming summer driving season.

Petronas, the Malaysian state-owned oil company, has called on EU lawmakers to reconsider their stance on palm-oil-based biofuels, emphasizing cost advantages and expressing concerns about a just transition for Asian producers.

Oman's recently inaugurated $9B Duqm Refinery, a joint venture between Oman's state energy firm OQ Group and Kuwait Petroleum International, is set to undergo feasibility studies for processing heavier crude grades by the year-end, according to CEO David Bird.

Recent mergers and acquisitions (M&A) in the shale business are exerting a profound impact on US refineries, introducing shifts in the competitive landscape and operational strategies within the industry.