Global energy markets remain volatile, and aviation is feeling the impact quickly. In recent weeks, U.S. jet fuel prices have nearly doubled. Rising from approximately $2.50 per gallon in late February to nearly $4.90 per gallon by early April as crude oil supply routes tighten and geopolitical constraints limit flows of crude and refined products. Against this backdrop, XCF Global, Inc. (Nasdaq: SAFX) is positioning domestically produced, waste‑based sustainable aviation fuel (SAF) as a structurally distinct supply chain that may offer greater resilience than conventional petroleum‑derived jet fuel.

This SAFX stock news update covers what the company said on April 13, 2026, the market dynamics influencing aviation fuel, and the corporate developments that have recently contributed to heightened SAFX stock volatility and trading activity.

Jet Fuel Supply Chain Stress: Prices Nearly Double as Routes Tighten

XCF Global highlighted how disruptions tied to global crude supply routes have exposed vulnerabilities in the traditional jet fuel supply chain. The company pointed to ongoing constraints affecting the Strait of Hormuz. Where limited tanker traffic has significantly constrained physical flow of crude oil and refined products.

According to CNBC reporting and industry pricing data referenced in the company’s release, the rapid jump in U.S. jet fuel prices—roughly $2.50 to $4.90 per gallon within weeks—marks one of the most abrupt increases in recent years. For airlines, this kind of price movement can translate into immediate uncertainty around fuel costs and availability, underscoring how directly conventional jet fuel is tied to geopolitically exposed crude markets.

XCF Global’s statement frames the current moment as a renewed reminder that crude‑based aviation fuel remains tightly coupled to international shipping routes, upstream extraction, and global refining logistics—areas that can become stressed quickly when disruptions occur.

Why XCF Global Says Waste‑Based SAF Is “Structurally Distinct”

In its April 13 update, XCF Global emphasized that waste‑based SAF produced in the United States uses domestically sourced feedstocks—including used cooking oil and other waste materials—that are not directly linked to crude oil extraction, refining, or international shipping lanes.

From the company’s perspective, this feedstock difference matters because it can reduce exposure to upstream disruptions that hit petroleum‑derived jet fuel immediately. While XCF noted that SAF pricing can still reflect broader market dynamics, it stressed that the underlying supply chain for domestic waste‑based SAF is distinct from crude‑based jet fuel.

Chris Cooper, Chief Executive Officer of XCF Global, stated:

“When jet fuel prices can nearly double in a matter of weeks, it exposes just how fragile crude‑based aviation fuel supply chains remain. Waste‑based SAF starts with domestic materials, domestic infrastructure, and domestic labor.”

XCF also positioned domestic SAF as serving two goals at once: supporting aviation decarbonization and contributing to fuel supply resilience during periods of global instability.

New Rise Renewables Reno: Capacity and Current Facility Status

A key element in current SAFX stock news is XCF Global’s operational footprint and near‑term execution at its flagship facility.

XCF Global described itself as an emerging U.S. sustainable aviation fuel producer with a permitted nameplate capacity of 38 million gallons per year of neat SAF at its New Rise Renewables facility in Reno, Nevada. The company also stated the site is potentially capable of supporting up to 100 million gallons of blended SAF, depending on blend ratios.

Importantly for investors tracking SAFX, the company noted that the Reno facility is currently undergoing a planned turnaround as part of ongoing equipment upgrades intended to enhance long‑term reliability and performance. XCF’s messaging suggests these upgrades are geared toward operational durability—an area that tends to receive added attention during periods when energy markets are under stress and supply reliability becomes more valuable.

Recent SAFX Stock Volatility: Price Action, Range, and Volume

SAFX has experienced notable price swings and heightened trading activity recently. As of April 10–11, 2026, SAFX traded with high volatility and was reported to be within a 52‑week range of $0.12 to $45.90. The stock has also seen high trading volume, frequently exceeding its daily average.

In the most recent run-up described, SAFX stock jumped more than 49% and traded around $0.80–$0.92. Market attention has intensified as investors react to partnership news, plant updates, and broader interest in pure‑play SAF exposure.

While there has been market chatter around the potential implications of partnerships, the company’s April 13 release stayed focused on the macro fuel environment and the resilience argument for domestic waste‑based SAF.

Partnership and Corporate Updates Cited in Recent Coverage

Several developments have been associated with SAFX’s recent momentum and investor interest:

BGN Strategic Partnership (Term Sheet for Distribution and Logistics)

On April 9, 2026, XCF Global announced a term sheet with BGN covering sustainable aviation fuel distribution and logistics. This announcement was tied to a positive surge in SAFX stock price and placed a spotlight on how XCF plans to move fuel through the market as it scales.

Reno Plant Conversion Update

The company has reported that the New Rise Reno plant conversion project is on schedule, reinforcing a narrative of continued progress at the flagship asset.

Commercial Collaboration with Axens North America

XCF Global also announced a commercial collaboration with Axens North America to deploy fuel technology, adding to the list of named counterparties connected to its commercialization pathway.

Financial Filings (First Annual Report on Form 10‑K)

XCF Global filed its first Annual Report on Form 10‑K on April 1, 2026, and other references note a Form 10‑K filing date of March 31, 2026. (Investors often watch these early public-company filings closely for risk factors, operating plans, and disclosures.)

Legal and Partnership Change Involving Phillips 66

The company stated that Phillips 66 has ended its partnership and is seeking setoff rights, a development that has been part of recent public discussion around the business.

What XCF Global Is Emphasizing in This April 13 SAFX Stock News Update

XCF Global’s April 13 message is less about forecasting and more about highlighting a strategic distinction. Domestic waste‑based SAF begins with feedstocks that are comparatively insulated from crude oil route disruptions. Potentially providing a “meaningful layer” of resilience.

Cooper summarized the point as both an emissions and security argument, stating that domestic SAF production is a near‑term opportunity to reduce carbon intensity and geopolitical exposure for aviation—especially when global energy systems are under stress.

About XCF Global (Nasdaq: SAFX)

XCF Global, Inc. is an emerging sustainable aviation fuel company focused on supporting aviation’s transition to net‑zero emissions. Its flagship facility, New Rise Renewables Reno, has a permitted nameplate capacity of 38 million gallons per year of neat SAF. XCF is also working to advance a pipeline of potential expansion opportunities in Nevada, North Carolina, and Florida. And to build partnerships across energy and transportation to scale SAF globally. The company trades on the Nasdaq Capital Market under the ticker SAFX.

Forward-Looking Statement Note (As Provided by the Company)

XCF Global’s release includes a cautionary note that its statements may be forward-looking and subject to risks and uncertainties that could cause actual results to differ materially. The company lists a range of potential risk factors, including business, market, financial, political and legal conditions; expense increases; offtake and negotiation outcomes; legal proceedings. Nasdaq continued listing standards; integration and timeline risks; financing; operational performance at the Reno facility; disputes involving its New Rise subsidiary (including with its landlord and primary lender); regulatory compliance; availability of tax credits and government support; and other factors described in its SEC filings.

Follow TNN for more financial news!