China’s refined oil exports are set to surge in 2020 amid persistent overcapacity, with an expected 170 million tons of refining capacity to sit idle as market competition intensifies and China's domestic demand slows, according to a report released by China National Petroleum Corp. (CNPC) on Monday.
China’s total refining capacity is expected to increase by 27 million tons to 887 million tons this year, which will help push exports up 18 per cent . . .
To continue reading, please subscribe. You will get
- An indispensable and reliable source of information on China's economy and financial markets
- Original and in-depth reporting
- Details, data and perspectives you don't read elsewhere
- THE WIRE - a real-time financial news platform focused on China
- Daily Brief newsletter to get you prepared for every trading day
We highly value independence. We are solely funded by subscriptions from thousands of readers like you. Not ready for our full service? Try Free Weekly Newsletter first.
Already have an account? Sign In