01172021Sun
Last updateFri, 15 Jan 2021 5pm

End-User News

China to Surpass U.S. as Largest Oil Refiner in 2021

“The Covid crisis has hastened a seismic shift in the global refining industry as demand for plastics and fuels grows in China and the rest of Asia, where economies are quickly rebounding from the pandemic,” World Oil reports.

“In contrast, refineries in the U.S and Europe are grappling with a deeper economic crisis while the transition away from fossil fuels dims the long-term outlook for oil demand.”

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