1 Day
Source:
الشرق اللبنانية
Chinese oil projects face supply delays
Disruptions in Middle Eastern oil supplies are impacting refining projects in China, leading to the postponement of two major projects, which reduces overall refining capacity by 500,000 barrels per day. These delays are contributing to a decrease in global oil demand, as refining margins shrink due to falling prices and market turbulence, along with declining fuel demand driven by the spread of electric vehicles.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)