EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads
Green Car Congress
JULY 21, 2022
Less petroleum demand and the associated lower petroleum product prices encouraged refinery closures, reducing global refining capacity, particularly in the United States, Europe, and Japan. In its June 2022 Oil Market Report, the IEA expects net global refining capacity to expand by 1.0 million b/d in 2022 and by an additional 1.6
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