The International Energy Agency (IEA) has forecast growth in refinery runs globally of 1.3 million barrels per day (bpd) by the second half of 2019 compared with demand growth of one million bpd. The new capacity will be driven by the opening of complex refineries in China, Saudi Arabia and Malaysia combined with the growth of existing operations in Turkey and Canada, the IEA said.
The International Energy Agency (IEA) has forecast growth in refinery runs globally of 1.3 million barrels per day (bpd) by 2019 compared with demand growth of one million bpd. The new capacity will be driven by the opening of complex refineries in China, Saudi Arabia and Malaysia combined with the growth of existing operations in Turkey and Canada, the IEA said.