OPEC+ agreement to reduce production contributes to rebalancing
The EIA reports that the OPEC+ agreement to reduce production has contributed to global oil market rebalancing.
The EIA reports that the OPEC+ agreement to reduce production has contributed to global oil market rebalancing.
The two regions are likely to add in the region of 757 000 bpd of refinery coking capacity by the end of 2024, according to GlobalData.
The IsoTherming VGO hydrotreater at CNOOC's Huizhou Refinery is designed to process 51 419 bpsd (2600 kmta) of a vacuum gasoil feedstock as feed for the FCC unit.