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Higher targets, tighter markets: the new reality under the updated US Renewable Fuel Standard
The United States Renewable Fuel Standard enters a new phase with Set 2, introducing unprecedented increases to biomass-based diesel and advanced b...
Aristanovskoye (KNOC)
Korea National Oil Corporation (KNOC) operates the Aristanovskoye oil field in southwest Kazakhstan. KNOC acquired an 85% interest in 2009. Aristan...
Aramco exits, PETRONAS consolidates: a downstream pivot at PRefChem
In May 2026, Saudi Aramco announced the transfer of its 50% stake of PRefChem to PETRONAS, consolidating full ownership under the national oil comp...
Karakuduk
Karakudukmunai (KKM), a fully-owned subsidiary of Sinopec, operates the Karakuduk oil field in southwest Kazakhstan.Karakuduk oil production peaked...
Global economic outlook Q2 2026: global economy faces historic energy shock
A prolonged closure of the Strait of Hormuz is now the greatest single risk to the global economy. Our base case outlook assumes a brief Middle Eas...
Middle East conflict: Asia retail fuels - Absorbing the shock, deferring the cost
With the closure of the Strait of Hormuz and Asia’s heavy reliance on Middle Eastern imports, fuel prices across the region have witnessed substant...
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