Saudi Arabia's crude oil supply to China is set to decline in February from the month before, after the kingdom hiked its prices and as OPEC+ extended production cuts in the first quarter.

Idemitsu Kosan will begin a trial plantation of the non-edible oilseed tree crop pongamia in Australia from mid-January to assess its potential as a feedstock for sustainable aviation fuel (SAF).

Azerbaijan SOCAR's STAR oil refinery will supply 700,000 metric tpy (about 15,000 bpd) of jet fuel to Istanbul Airport for three years starting from 2025.