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China’s SAF exports could face mounting barriers

China’s sustainable aviation fuel (SAF) exports are growing rapidly, with the European Union serving as its primary destination. Total SAF exports from China reached ~138 million gallons in the first half of 2026, with Belgium, the Netherlands, and Spain among the largest importers (see Exhibit 1). Exhibit 1. China’s SAF export volumes and destinations through […]

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Global diesel markets are leaning more on North America

While diesel production in the Americas increased through the first half of 2026, output in Europe and Asia declined, increasing reliance on North American exports to help balance global supply. This comes at a time when middle distillate markets remain critical to freight, industrial, and commercial activity, making reliable diesel supply increasingly important for many […]