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.
March 10, 2024
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.
March 03, 2024
Oil prices, tethered to biofuel quotas, wield substantial influence in establishing the baseline for key food item prices, contributing to the current surge in food prices.
February 11, 2024
Phillips 66's Rodeo, California refinery is poised to play a pivotal role in the anticipated surge of renewable diesel (RD) production.
February 04, 2024
The refining companies find themselves at a crossroads as they navigate the delicate balance between supporting an energy transition and sustaining profits from traditional petroleum refining.
January 28, 2024
January 21, 2024
The North Asian Used Cooking Oil (UCO) market faces unprecedented challenges as prices hit a 33-month low at $800/mt on Jan. 5, marking the lowest since March 2021.
January 14, 2024
The International Energy Agency (IEA) predicts a substantial rise in biofuel demand, expecting it to constitute 6% of the forecasted energy demand for road transport by 2030.
January 07, 2024
The surge in US renewable diesel (RD) production capacity, currently at 3.6B gal/y (234.8K b/d), is reshaping international trade flows for renewable feedstocks.
December 31, 2023
Palm-oil prices are projected to surge in 2024 due to constrained production in major palm-oil-producing nations, Indonesia and Malaysia.
December 25, 2023
