WebJun 17, 2024 · China Continues Its Refinery Production Drop. China’s refinery throughput in May fell 10.9 percent from the same month a year earlier in the steepest year-on-year drop in at least a decade. Oil throughput in May was about 12.7 million barrels per day, slightly more than the 12.61 million barrels per day throughput in April, which was the ... WebMar 25, 2024 · China’s refinery runs also started to rise in April 2024 partially because China implemented a policy in 2016 that encourages refiners to refine more petroleum products by fixing product prices at $40 when the Brent crude oil price falls to less than $40 per barrel (b). The Brent crude oil price fell and remained less than $40/b between March ...
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WebApr 11, 2024 · East China-based Tongkun Group 601233.SS and Xinfengming Group 603225.SS are planning a refinery-petrochemical complex in North Kalimantan province on Borneo Island, three sources said, to produce ... WebMar 19, 2024 · Published March 19, 2024. The US, home to more oil refineries than any other country, lost its title to China as the world’s largest refiner of raw crude oil in 2024. China began refining more ... cio seeking alpha
OPEC Expects Oil Demand to Intensify This Summer - Investopedia
WebJun 20, 2024 · The rapid growth means the country may already be the world’s biggest refiner. It had 17.5 million barrels a day of capacity at the end of 2024, and will reach 20 … WebJan 13, 2024 · Increasing rare earth mining outside of China has reduced China’s global share of mining, down from 97.7% in 2010 to 62.9% in 2024. But mining is merely one piece of the puzzle. Ultimately, the large majority of rare earth refining, 80%, resides in China. Therefore, even rare earths mined overseas are sent to China for final processing. 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 … ciosicb website