4 Nations That Could Help Solve The Global Fuel Crisis

4 Nations That Could Help Solve The Global Fuel Crisis

Global refining capacity shrank during the pandemic, exposing vulnerabilities in some of the world’s largest fuel consumers. Yet the decline was not evenly distributed. Refining capacity in China, for instance, has grown. Capacity in the Middle East is growing, too. Bloomberg reported recently that Saudi Arabia, Kuwait, Oman, and Iraq were building up refining capacity, … Read more

Why Are China’s Fuel Refinery Rates So Low?

Why Are China’s Fuel Refinery Rates So Low?

Fuel prices in Asia are going through the roof as demand for travel bounced back from the pandemic depression. Yet refining rates have not bounced back in sync, especially in China. And it might be deliberate. Reuters’ Clyde Russell wrote in a recent column that China’s refined oil product exports this May, at 3.27 million … Read more

Don’t Blame Big Oil For High Gasoline Prices

Don’t Blame Big Oil For High Gasoline Prices

The Biden Administration’s insistence that oil companies are ripping off Americans at the pump while lining their own pockets culminated in this week’s hearing at the House Committee on Energy and Commerce, at which CEOs at the biggest oil corporations in America were grilled about their role in setting the gasoline prices. While Democrats continued … Read more