Insight
Tight margins and overcapacity limit the growth of China's teapot refiners
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
With the increase in teapot refiners utilisation rate and slower oil demand growth in China, the need for new refining capacity to meet domestic demand is much less than in the past. This does not bode well for many joint-venture new refineries planned by crude producers and Chinese majors.
Table of contents
- Executive summary
- China's independent refiners – Important part of the refining system
- No margin, no growth
- Conclusions
Tables and charts
This report includes the following images and tables:
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Tight margins and overcapacity limit the growth of China's teapot refiners: Image 1Tight margins and overcapacity limit the growth of China's teapot refiners: Image 2Change in crude runs versus 2016, Mb/dRefinery net margins: Teapots, US$/bblRefinery net margins: Majors, US$/bbl
What's included
This report contains:
