The hottest IEA will see more refineries shut down

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IEA: more refineries will face shutdown in 2014

according to the first 512 bytes (corresponding to 256 Chinese characters) of the text of the page, the International Energy Agency (IEA) said in its latest monthly report on December 15 that what is the improvement of refining capacity and non refinery processing fuel? The increase in the output of the first batch will lead to the shutdown of more refineries in 2014

iea predicted in the 2012 advanced technology report of Shimadzu, Japan, that the crude oil distillation capacity would increase to 1.1 million barrels per day in 2013 and continue to increase to 1.2 million barrels per day in 2014. European refineries have been particularly hit by the competitive impact from refineries in the United States and Asia. Although the number of closures in 2013 was relatively reduced compared with the previous year, the situation in 2014 is not optimistic

the report said: on the surface, the improvement of refining capacity is in line with the expected demand growth in 2013 and 2014, but in fact, the increase in demand has been met by supplies outside the refining system. Therefore, the profit margin declined in 2013, and a new round of refinery integration seems to be brewing

iea indicates that most of the demand growth will be met by natural gas and biofuels, which do not need to be produced through the oil refining system

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