Western majors are looking to both shrink and adapt their refining assets in Southeast Asia, with asset sales and biofuels expansions key to these plans.

Prime Minister Narendra Modi announced grand plans to expand India's refining capacity by 4 million b/d on Monday but provided no further details.

Incremental refining values and margins for key crudes by region and refining process, monthly from 2007.

Incremental refining values and margins for key crudes by region and refining process, weekly from 2007.

China's crude demand is recovering, boosted by rising refinery throughput, healthy gasoline demand and the rebuilding of crude inventories.

Spot Crude Prices - weekly from 1985 Formula Prices - weekly from 1992 Price Spreads - weekly from 1992 Refining Indicators, including GPW and margins, for key global regions - weekly from 2008 Refining Netbacks (legacy configurations) - weekly from 1999 to 2014

Refiners have captured a significant share of the revenue that historically would have gone to producers.

The impact of the EU's forthcoming ban on Russian diesel will vary between regions in Africa.

The firm's Diamond Green Diesel JV with Darling Ingredients aims to produce more than 230 million gallons/yr of sustainable aviation fuel (SAF) by 2025.

South Korea and Japan increased their reliance on Mideast crude in 2022.