WTI Crude Oil - Aug 2023 (CL2308)

CL2308 (WTI Crude Oil - Aug 2023)

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Total refining capacity in China expanded to 920 million tonnes per year, or 18.4 million barrels per day (bpd), in 2022 Fu Xiangsheng, vice president of the China Petroleum and Chemical Industry Association, told reporters. That compares with U.S. refining capacity as of December at 17.6 million bpd, according to the International Energy Agency's latest oil market report. 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Total refining capacity in China expanded to 920 million tonnes per year, or 18.4 million barrels per day (bpd), in 2022 Fu Xiangsheng, vice president of the China Petroleum and Chemical Industry Association, told reporters. That compares with U.S. refining capacity as of December at 17.6 million bpd, according to the International Energy Agency's latest oil market report. China's total refined products output last year was less than 700 million tonnes (5.1 billion barrels), at an average plant utilisation rate of arou","listText":"Reuters reported the following news on 17 Feb 2023: China's oil refining capacity overtook the United States as the world's largest in 2022, an industry official said on Thursday, though its production of fuel products lagged the United States due to low utilisation rates. 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