Resurgence In Fossil Fuel Excitment? Global Refining Capacity To Increase By 15% Over Next Four Years -- October 27, 2018 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title Resurgence In Fossil Fuel Excitment? Global Refining Capacity To Increase By 15% Over Next Four Years -- October 27, 2018, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : Resurgence In Fossil Fuel Excitment? Global Refining Capacity To Increase By 15% Over Next Four Years -- October 27, 2018
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Resurgence In Fossil Fuel Excitment? Global Refining Capacity To Increase By 15% Over Next Four Years -- October 27, 2018

Global refining update -- GlobalData -- data points:

• global refining measured in global crude distillation units (CDUs)
• global CDUs will grow 15% over next four years
• from 102 million bpd to 117 million bpd (2022)
• those refineries will need oil -- well, duh -- but sometimes the obvious needs point out
• corresponds with latest figures that global demand for oil is now at/near 100 million bpd
• continent with greatest CDU increase: Asia, specifically China
• reason: transportation
• for all that talk about EVs, 15% growth in CDUs seems pretty impressive
• China will have to import more oil
• this is the data point not mentioned at the report: will China lean toward refineries optimized for heavy oil (Mideast) or for refineries optimized for light oil (US)

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