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Global Oil Refining Outlook

Could a new wave of refining capacity reshape global oil markets? Explore how 4.2 million barrels per day of projected capacity growth through 2030 could intensify competition, shift trade flows and put pressure on refinery margins.
4.2m b/d: Net oil refining capacity growth worldwide from 2026 through 2030 in BNEF’s outloook, up 162% from the preceding five years Global oil refining capacity growth could rebound in the…
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