In the global refining industry, COVID-19 has exposed a seismic shift. While China’s oil refineries forge ahead with capacity expansion, many western-based refiners have retrenched. As China again hits the stimulus pedal, this year it is expected to officially surpass the U.S. as the world’s largest oil refiner according to the International Energy Agency (EIA). …
The post Why China Will be the World’s Largest Oil Refiner in 2021 first appeared on Hellenic Shipping News Worldwide.
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