China’s fuel demand may peak sooner than expected, which will reduce profit margins and force the closure of older, smaller, and less efficient oil refineries. As a result, up to 10% of China’s oil ...

Abu Dhabi National Oil Company (Adnoc) has increased its oil production capacity to 4.85 million barrels per day, up from the previous 4.65 million bpd level, the Emirati state giant has confirmed.

Affirms 1 bln tpy cap for 2025 New crude processing facilities have to be 200,000-bpd or larger Bans small crude oil refineries that claim to be secondary units Expansion projects by state refiners ...