Related Articles
Forward article link
Share PDF with colleagues

Global refining capacity is going to keep growing

Fast-growing markets are adding more plants and eking out gains at older ones. What's coming on, where, and when?

Global refinery capacity looks set to expand steadily through the early 2020s, and industry utilisation rates are expected to remain high. Capacity expansion is expected to lag most analyst expectations of world oil demand growth of 1.3m barrels a day per year by about 300,000 b/d per year through the early 2020s. Most new capacity is being developed in the Asia-Pacific and the Middle East regions. New refinery construction is underway as oil markets face significant shifts in product output and demand. Rising US light tight oil (LTO) output suggests increased light distillate production, while an expected increase in middle distillate demand will stem from new IMO regulations mandating the

Also in this section
Weighing Bolivia's gas export options
9 August 2018
Legal disputes and competition from Chile complicate efforts to become a regional energy hub
Energy Web Atlas Launches World Pipeline Dataset
7 August 2018
Collected for more than a century, information includes detailed data on pipelines in all stages of development and operation.
Pakistan gagging for more gas
24 July 2018
Declining domestic natural gas production and delayed import schemes could cause problems