Petroleum refining industry in China, Energy Policy
Petroleum refining industry in Petroleum refining industry in Walls, W.D. 2010-05-01 00:00:00 The oil refining industry in has faced rapid growth in oil imports of increasingly sour grades of crude with which to satisfy growing demand for a slate of lighter and cleaner finished products sold at subsidized prices.
is set to further expand its massive oil refining capacity this year, offering support to global oil prices, and U.S. producers in particular, but its plans spell more gloom for Asia's hard
Trade, Aid and Human Rights: China’s Africa Policy
Trade, Aid and Human Rights: China’s Africa Policy in Perspective Article in Journal of International Commercial Law and Technology 4(2) · January 2009 with 88 Reads How we measure 'reads'
The oil refining industry in has faced rapid growth in oil imports of increasingly sour grades of crude with which to satisfy growing demand for a slate of lighter and cleaner
More gloom for Asian rivals as is set to expand
Read more about More gloom for Asian rivals as is set to expand oil refining capacity on Business Standard. is already Asia's No.1 exporter of gasoline and jet fuel, and ranks No.3 in diesel after India and South Korea
By Chen Aizhu and Muyu Xu. SINGAPORE/BEIJING (Reuters) is set to further expand its massive oil refining capacity this year, offering support to global oil prices, and U.S. producers in
oil refinery: flexes oil refining muscle, upping
flexes oil refining muscle, upping pain for Asian rivals is currently Asia's top exporter of gasoline and ranks third in diesel after India and South Korea.
The IEA estimates that some $60 billion must be invested in global oil production capacity every year in order to meet global demand.62 Higher oil prices can impact on shipping and trade through both their dampening effect on growth as it is estimated that $10 per barrel rise in the price of oil, if sustained for a year, can cut about 0.2
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in global oil production capacity every year in order to meet global demand.62 Higher oil prices can impact on shipping and trade through both their dampening effect on growth as it is estimated that $10 per barrel rise in the price of oil, if sustained for a year, can cut about 0.2 percentage points from GDP growth63 and
Government Consumption Expenditures and Gross Investment by Type from Economic Report of the President, 2000
- Why did China's Crude oil imports and refineries decrease in 2023?
- Both crude oil imports and refinery runs decreased in China from record levels in 2023, when the country imported 11.3 million b/d of crude oil and processed 14.8 million b/d. Net decreases in the consumption of transportation fuel (gasoline, diesel, and jet fuel) last year meant China’s refineries processed less crude oil.
- How will the pipeline expansion affect China's Crude oil imports & refining?
- This pipeline expansion brings increased crude oil export capacity to Asia from Canada’s West Coast, which contributed to imports at more than 0.3 million b/d from Canada in September, an all-time high. What factors will affect China’s crude oil imports and refining this year?
- How did China's oil demand change in 2024?
- Slower oil demand growth in 2024 led to less crude oil processed by China’s refineries and fewer crude oil imports compared with the record high set in 2023. China, the world’s largest importer of crude oil, received 11.1 million barrels per day (b/d) in 2024, down from 11.3 million b/d in 2023.
- Will 2024 be a turning point for China's refined oil market?
- A drilling platform in Kaiping South Oilfield in the South China Sea in December 2023. [Photo/Xinhua] China's economic structural transformation and the rapid rise of renewables will make 2024 a turning point for the country's refined oil market, with demand set to shrink for the first time, industry experts say.
- Will China's domestic consumption push crude oil imports higher?
- China’s domestic consumption, projected to grow to 17.2 million b/d by 2028, will push crude oil imports higher because we expect the country’s domestic crude oil production to stay relatively unchanged from 2023 (4.2 million b/d). China imported 11.3 million b/d of crude oil in 2023, a record.
- How much will China's refinery capacity increase from 2023 to 2028?
- As a result, we estimate total refinery capacity in China will increase between 0.8 million b/d and 1.1 million b/d from 2023 to 2028. This range does not include estimates of refinery closures. New expansions will increase competition among China’s smaller, independent refineries, some of which could close as a result of these capacity additions.
