WebMar 25, 2024 · The average utilization rate at China's four state-owned refiners has fallen to around 80.9% in March from a three-month high of 82.7% in February, despite being two percentage points higher than the 78.7% utilization rate a year earlier. Sinopec is the leading contributor to the utilization fall in March, with 564,000 b/d of its refining ... WebFeb 17, 2024 · Total refining capacity in China expanded to 920 million tonnes per year, or 18.4 million barrels per day (bpd), in 2024 Fu Xiangsheng, vice president of the China …
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WebJul 21, 2024 · The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2024—the first decline in global refining capacity in 30 years. ... The most global refining capacity under development is in China. Chinese capacity is scheduled to increase significantly this year because of … WebMay 24, 2024 · By 2025, China’s crude processing capacity is expected to reach 1 billion metric tons a year, or 20 million barrels per day, up from 17.5 million barrels at the end of 2024, according to China ... irvine office rental
China is refining more oil than the US for the first time - Quartz
WebMar 2, 2024 · China's oil refinery capacity amounted to nearly 17 million barrels per day in 2024, up from some 16.7 million barrels daily in the previous year. Betweem 1970 and 2024, the oil refinery... WebJul 18, 2024 · China’s substantial excess refining capacity and the ability of the government to regulate exports month-by-month currently affords some market power in the trade of refined oil products. While export quotas are intended as a tool for decarbonisation and domestic rationalisation, their continued tightening at a time of global shortage is ... WebCrude distillation capacity. kb/cd % of world total. United States. 19 026. 18.6. People’s Rep. of China . 16 726. 16.3. Russian Federation. 6 819. 6.7. India. 5 201 irvine online compiler