chinas refining expansions to reshape global oil trade in Durban
U.S. Energy Information Administration (EIA)Outlook on global refining to 2028 U.S. Energy
Aside from the implications of these expansions on world trade in crude oil and petroleum products, we expect refinery expansions in the Atlantic Basin market to face slow demand
IEA: China is on its way to becoming the country with the greatest oil refining capacity in the world. China overtook the United
Oil & Gas JournalChina’s refining expansions to reshape global
Global oil refining capacity is set to expand by more than 10 million b/d over the next 7 years, with new refinery projects in Asia accounting for roughly
China National Offshore Oil Company (CNOOC) is slated to launch an upgraded joint-venture refinery complex around June, marking
AInvestChina's Resilient Oil Refining Sector and the Overcapacity
China's oil refining sector is at a crossroads. By 2025, the government's aggressive policy-driven consolidation and overcapacity management will reshape the industry, forcing
As China's oil refineries rebound against a backdrop of overcapacity, this article explores the implications of this paradox. We delve into the statistics behind the resurgence,
stwenviroChina’s Refining Boom Collides with Rising Global Trade
But if the global economy slows or trade wars intensify, China’s expanded refining capacity could become a liability rather than an advantage. China’s refining surge is a
With a clear ceiling on refining capacity, the need for additional crude oil imports may diminish, affecting global oil markets.
spglobalChina's refining capacity to cross 19 mil b/d in 2025 S&P
Overcapacity in the refining sector would remain an issue despite the wave of capacity expansions ending, because China's demand for refined products is likely to peak at
China's oil imports decline for the first time in two decades. Electric vehicles and LNG reshape China's energy consumption trends. Global oil markets face uncertainty as
U.S. Energy Information Administration (EIA)Crude oil processing in China hit a record high
Crude oil processing, or refinery runs, in China averaged 14.8 million barrels per day (b/d) in 2025, an all-time high. The record processing
In 2025, with the world largely recovering from the effects of the COVID-19 pandemic and the economic situation gradually improving, oil demand picked up. The global
Center on Global Energy Policy at Columbia UniversityWhere Does China Get Its Oil? The Wire China
Over the past few decades, China has steadily and dramatically increased its oil imports as well as is refining capacity. As a result, China is now the world’s largest importer and second
In 2025, global crude oil demand is still under the shadow of the COVID-19 pandemic, with large-scale refining projects delayed and a wave of refinery shutdowns in
EMORY ECONOMICS REVIEWChina’s Growing Influence from BRICS Expansion
Furthermore, BRICS' support for China's BRI underscores the country's strategic expansion and its ambition to reshape global trade routes.
China's oil refining sector is at a crossroads. By 2025, the government's aggressive policy-driven consolidation and overcapacity management will reshape the industry, forcing
icisChina’s Petrochemical Plans Clouded by Trade
Confused? You should be, raising the need for deeper and wider scenario planning on China's petrochemicals self-sufficiency.
IEA: China is on its way to becoming the country with the greatest oil refining capacity in the world. China overtook the United States to become
CCMChina's refining industry transforms amid oil price plunge-China
In April 2025, international oil prices plummeted by 7% in a single day, with Brent crude prices crashing from $89 per barrel to $83 per barrel, sending shockwaves through the global
Up to 10% of China's oil refining capacity faces closure in the next 10 yr as an earlier-than-expected peak in Chinese fuel demand crushes
