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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

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The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. In the United States, refining capacity has decreased by about 1.1 The most global refining capacity under development is in China.

Global 448
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Opinion: Is Russia Plotting To Bring Down OPEC?

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Novatek and its partners Total and Chinese National Petroleum Company still lack $15 billion of the $27 billion needed to finance the Yamal LNG plant. naval power, the Chinese, for example, prefer pipeline natural gas supplies over seaborne LNG supplies. This could lead the Europeans and Chinese to search for other suppliers.

Russia 150
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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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Canada, Mexico (foreign investment), and also Russia (Chinese investment), that will have the financial wherewithal to grow output to satisfy the 18 million barrel per day increase in demand that OPEC sees by 2040. in Russian and Soviet history, Soviet economics, and International economics, and MBA in finance and marketing.