Insights / News vs. Numbers
Global runs are recovering. The refining system isn’t. The race to break cracks: Gulf recovery, China runs or demand destruction?
Global refining is running at two speeds — and the headline 4 mb/d loss hides the real disruption. Refinery runs have fallen sharply across the Middle East, Russia and parts of Asia, while refiners with secure crude access are running harder to fill the gap.…
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