Global surplus refining capacity is expected to rise by more 1 million b/d to 5.3 million b/d in 2021 creating “significant pressure” on refining margins in the medium term, the International Energy Agency said.
http://www.hellenicshippingnews.com/global-excess-refining-capacity-to-grow-1-1-million-bd-by-2021-iea/
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