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Energean ready to go deep into Africa
Mediterranean-focused gas producer looks to replicate Israel success story and is hunting projects across the continent, with particular interest in West Africa
Bad omens for Chinese oil demand
Sino-US trade tensions could see crude consumption crumble despite recent buying behaviour
Power play signals change in Nigeria
With a new board appointed to lead NNPC and moves by President Tinubu to exert control in the Delta region, there is renewed hope the country will be able to turn the corner and rebuild production to former peaks
The many faces of China’s oil demand
While economic weakness and the electric vehicles trend have hit oil demand growth, petrochemicals and jet fuel show more nuanced changes across the barrel
China’s oil majors making gas shift
PetroChina, Sinopec and CNOOC are aiming to rebalance their energy mixes but face technically difficult deepwater and shale task
Israel’s gas performance chafes against narrow export horizons
Israel continues to strike new oil and gas concession agreements and gas exports continue to rise, but an overreliance on Egypt remains the big concern
Taiwan’s energy dependencies laid bare
Renewed China tensions threaten island’s inflows of oil and gas from overseas
Dangote must face energy security home truths
Nigeria’s mega-refinery is traversing the world in search of crude for the majority of its needs and may well export large swathes of its products
Egypt looks to arrest its upstream decline
Gas production slumped to an eight-year low in 2024, but new discoveries and partnership with Cyprus paint a more positive outlook
Oil and gas industry beats demand drum
Bearish market sentiment and bullish long-term outlook for oil and gas consumption prevails at CERAWeek
Nigeria Algeria Egypt Vietnam China Turkey
Bill Barnes
24 April 2018
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Global refining capacity is going to keep growing

Fast-growing markets are adding more plants and eking out gains at older ones. What's coming on, where, and when?

Global refinery capacity looks set to expand steadily through the early 2020s, and industry utilisation rates are expected to remain high. Capacity expansion is expected to lag most analyst expectations of world oil demand growth of 1.3m barrels a day per year by about 300,000 b/d per year through the early 2020s. Most new capacity is being developed in the Asia-Pacific and the Middle East regions. New refinery construction is underway as oil markets face significant shifts in product output and demand. Rising US light tight oil (LTO) output suggests increased light distillate production, while an expected increase in middle distillate demand will stem from new IMO regulations mandating the

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