Oil market

Berlin maintains crop-based biofuels, bans palm oil from 2027, and ends double counting, securing GHG compliance and agricultural demand through 2030.
GE Vernova is working with the US government to increase its yttrium stockpiles, a critical metal now facing export restrictions from China, disrupting global industrial supply chains.

Eight EU states launch €500mn fund to boost e-kerosene by 2030

A coalition of eight EU countries plans a series of public auctions to secure e-SAF production, responding to a lack of final investment decisions despite over 40 projects identified.
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L’arrêt de la raffinerie de Pancevo, frappée par des sanctions américaines contre ses actionnaires russes, menace les recettes fiscales, l’emploi et la stabilité énergétique de la Serbie.
The commercial court of Évry has ordered the judicial liquidation of Global Bioenergies, a French start-up in sustainable aviation fuel, after both takeover bids were rejected due to insufficient guarantees for employees and assets.

France: the Senate confirms the continuation of reduced taxation on Superethanol-E85

Parliament approved the removal of a proposed tax increase on Superethanol-E85, ensuring a continued favourable tax regime for motorists and the agricultural sector until 2026.
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The rejection of the removal of tax benefits for B100 and E85 biofuels preserves a favourable fiscal framework for an agricultural sector under pressure, despite uncertainty over actual environmental gains.
Brasília links a major tax fraud investigation to talks with Washington, combining demands for financial transparency with negotiations over U.S. access to Brazilian rare earths.

Singapore to issue licences for methanol bunkering starting in 2026

Three companies will begin methanol refuelling operations in Singapore in January 2026, marking a shift for the world’s largest bunkering hub.
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London deploys a regulatory framework to secure critical mineral supplies by 2035, limiting dependence on single-country sourcing while developing a domestic lithium and tungsten industry.
Mining group BHP has re-entered talks to acquire Anglo American, months after the latter announced a copper-focused merger with Canadian firm Teck Resources.

Verso Energy awards FEED contract for DEZiR project to Rely for site in Normandy

Verso Energy assigns the front-end engineering design of the e-SAF DEZiR site to Rely, marking a major industrial step in sustainable aviation fuel production in France, with global deployment ambitions.
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The Chinese giant targets 120 kt of SAF trading in 2025 and expands into European carbon markets, banking on ReFuelEU and CORSIA mandates to capture growing regulated demand.
Nineteen countries, led by Brazil, Italy, Japan and India, aim to quadruple sustainable fuel production by 2035, marking a major industrial and regulatory challenge for global energy and transport supply chains.

Clean Energy reports $23.8mn net loss despite increase in renewable gas sales

Clean Energy reported a net loss for the third quarter of 2025, impacted by Amazon-related charges and a decline in adjusted EBITDA, despite continued growth in renewable natural gas volumes.
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Coulson Aviation has developed SafeFuel, a patented system that verifies fuel quality in real time during refuelling, reducing the risk of contamination on aircraft operating in remote environments.
Fluor Corporation will lead the front-end engineering of a UK sustainable aviation fuel plant led by LanzaJet and British Airways, with planned output of over 90,000 tonnes per year.

France: MPs Reject Tax Increase on E85 and B100 Fuels

The French National Assembly rejected proposed tax increases on E85 and B100 biofuels in the 2026 budget after strong opposition from the agricultural and transport sectors.
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The Commercial Court of Evry has delayed the review of takeover bids for Global Bioenergies, raising the possibility of judicial liquidation if no buyer emerges by November 12 at noon.
Rheinmetall forms a strategic partnership with Sunfire, Ineratec, and other companies to establish decentralized synthetic fuel production across Europe, thereby strengthening the continent’s energy independence.
Global demand for biofuels is driving a sharp increase in used oil imports to Europe and the United States, straining global feedstock supply chains, according to the International Energy Agency.
Singapore’s gasoil and kerosene inventories reached a three-month high after a sharp weekly drop in net exports, supported by a marked increase in imports from Northeast Asia.

Alkagesta opens biofuels trading desk in Geneva to strengthen its investments

Trader Alkagesta opens a new biofuels trading desk in Geneva, targeting European market growth and consolidating its investments in alternative fuels.
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The Indonesian government plans to mandate a 10% bioethanol blend in gasoline to reduce fuel imports and support the local ethanol industry.
California lifts its ban on E15 fuel, opening its vast market to the ethanol-gasoline blend in a bid to lower prices and expand consumer options.

DRC caps cobalt exports at 96,600 tonnes until 2027

Kinshasa replaces export ban with a quota system covering just half of its output, triggering a price surge and global supply tensions.
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India holds a surplus of ethanol that could support SAF production, but unclear sugarcane feedstock rules limit commercial development.
Italy’s competition authority has fined six oil companies nearly €1bn for colluding on bioethanol pricing between 2020 and 2023, including a €336mn penalty for Eni.

LanzaJet and KMG launch engineering phase of Kazakhstan’s first SAF project

LanzaJet and state-owned KazMunayGas have reached a decisive milestone towards building Kazakhstan’s first sustainable aviation fuel plant, with the immediate start of the engineering phase.
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Texas-based start-up MCatalysis secures seed funding from HL Energy Ventures to exploit, under exclusive licence, a microwave catalysis technology developed at the University of Oxford.
Altalto (Immingham) Limited receives backing from the UK government to integrate NEXTCHEM technologies into its sustainable aviation fuel project derived from municipal waste.

Shell halts its biofuels plant in Rotterdam amid strategic trade-off

Shell ends construction of its biofuels plant in the Netherlands, citing low competitiveness, while reinforcing its oil activities, raising questions over its previous energy commitments.
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German group RWE has commissioned five new power plants in France, adding 83 MW to its portfolio, following repeated successes in tenders organised by the Energy Regulatory Commission.
With an annual growth rate estimated at 10.11%, the global aviation fuel market could reach USD 751 billion by 2032, driven by increasing air traffic and new industrial partnerships.

CNAF Acquires Stake in Private Sustainable Aviation Fuel Refinery

China’s aviation fuel distributor CNAF announced a new investment in a private sustainable fuel refinery, reinforcing its integration strategy within an emerging sector considered critical to the country’s aviation industry.
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According to O Globo, Petrobras is exploring an entry into Raízen, either through equity investment or asset acquisition, to return to the ethanol market. A decision is expected by the end of 2025, under legal constraints tied to fuel distribution.
Grapevine Energy completes its financial reorganisation, eliminates part of its debt and secures over $60mn in new funding, while appointing a new leadership team to oversee its biofuels operations.

Airbus and Indonesia join forces to produce 100 million tonnes of sustainable aviation fuel

Airbus Singapore and Bogor Agricultural University in Indonesia are developing aviation fuel from biomass, aiming for an annual capacity of 100 million tonnes.
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Fusion Fuel Green PLC will invest €480,000 in a South African joint venture to deploy proprietary boiler technology at an industrial site, with cash flows expected from the first year.
The national strategy grants limited space to biofuels and biocombustibles, despite their immediate potential to reduce emissions, putting the sector in difficulty as it calls for a clear regulatory framework and stronger institutional support.