China’s Oil Refiners Are Slowing Down After Decades of Growth
Oil
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Article by:
Bloomberg News - Bloomberg
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Date Published:
June 13, 2024
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Who was cited:
Mia Geng, Head of China Oil Analysis - FGE Singapore
Refiners will ramp up slowly from maintenance, but they are expected to have at least 1 million barrels a day of spare processing capacity that they won’t use due to poor demand, according to Mia Geng, an analyst with FGE. The consultant had predicted growth of 200,000 barrels a day earlier this year.
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