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Shrinking global palm oil supplies, strong biodiesel demand to boost prices

Stagnating global palm oil production and higher biodiesel mandates are likely to curb supplies of the world's most used vegetable oil this year, setting the stage for further gains in prices, which are trading at their highest in seven months.

Malaysian 2024 biofuel output could rise if B20 biodiesel usage expanded

Malaysia's biodiesel production could rise to 1.8 MMt in 2024 if the government expands its 20% biodiesel mandatory program to more areas in the country.

Azerbaijan's Aliyev says Baku supports green energy, but world needs fossil fuels for now

Azerbaijani President Ilham Aliyev, whose country is due to host the COP29 summit on climate change in October, said that his country is committed to the green energy transition, but that the world cannot abandon fossil fuels in the near future.

Singapore's middle distillates inventories cross 10 MMbbl

Singapore's middle distillates inventories surged more than 1MMbbl week on week to more than a three-month high level despite gains in net exports for both jet fuel, kerosene, diesel and gasoil.

U.S. biofuel credit prices hit 3-year low, expected to stay weak, EIA says

U.S. biomass-based diesel and ethanol compliance credit prices have slumped to three-year lows on declining feedstock costs and are set to stay low as renewable diesel output rises.

Indonesia sees 2024 biodiesel consumption rising to 11 MMt

Indonesia's unblended biodiesel consumption in 2024 is seen rising to 11 - 11.4 MMt from 10.7 MMt last year, leading to a possible fall in palm oil exports.

Biomass-based diesel and ethanol compliance credit prices decline 45% from start of year

The price of compliance credits for biomass-based diesel and ethanol has decreased about 45% since the start of the year, when prices were already the lowest in about three years.

Digital Feature: A novel process to help refinery operations comply with the U.S. Renewable Fuel Standard

This article, exclusive to Hydrocarbon Processing, details a novel refinery processing technology that enables refineries to produce fuels that adhere to the U.S. RFS.

Russia's seaborne oil product exports fell in January, calculations show

Russia's January seaborne oil product exports fell 8.6% from a year earlier and 2% from the previous month to 10.792 MMt owing to lower processing and unplanned refinery repair work.

Uganda says it is in talks to import all its oil via Tanzania

Uganda is negotiating with Tanzania to import all of its oil products through Dar es Salaam, which would mean an end to imports via Kenya's Mombasa port.