Search This Blog

My Investing Muse

This is my investing journal. I am an aspiring value investor based out of Asia. This is a collection of my thoughts, ideas, contemplations and investing muse. Let us build a strong community through sharing of insights and observations. Some of my biggest influences include the following: Charlie Munger, Warren Buffett, Mohnish Pabrai, Benjamin Graham, Peter Lynch and many more Do not treat this investing advice. Let us do our own due diligence before investing.

Translation

Posts

Showing posts with the label OPEC+

Show All

No results found

Total Page views

Powered by Blogger

Benson Kong 龚耀鸿: Singapore, Singapore, Singapore

Visit profile

Benson Kong 龚耀鸿

Visit profile

The most popular posts

China's oil refinery capacity has overtaken the US in 2022. What is the global outlook?

- August 09, 2023

Reuters reported the following news on 17 Feb 2023: China's oil refining capacity overtook the United States as the world's largest in 2022 , an industry official said on Thursday, though its production of fuel products lagged the United States due to low utilisation rates. Total refining capacity in China expanded to 920 million tonnes per year, or 18.4 million barrels per day (bpd), in 2022 Fu Xiangsheng, vice president of the China Petroleum and Chemical Industry Association, told reporters. That compares with U.S. refining capacity as of December at 17.6 million bpd, according to the International Energy Agency's latest oil market report. China's total refined products output last year was less than 700 million tonnes (5.1 billion barrels), at an average plant utilisation rate of around 70%, the association said, compared with more than 800 million tonnes in the United States, where average utilisation exceeded 90%. China has 32 refineries with at least 200,000 ...