China Overtakes U.S. As World’s Largest Refiner ...Middle East

As the shift in oil demand from Covid-19 turned the tables of regional levels of fuel production and exports, China succeeded in overtaking the USA as the world’s biggest oil refiner in 2020.  As China began to ramp up its refining capacity throughout the pandemic, the US Energy Information Administration (EIA) published data showing that China processed more crude oil than the U.S. for much of 2020.   While the USA suffered from a drop in demand throughout 2020, leading to a decrease in all oil-related activities, China benefited…

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