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China Is Set to Eclipse America as World’s Biggest Oil Refiner

(Bloomberg) -- Earlier this month, Royal Dutch Shell Plc pulled the plug on its Convent refinery in Louisiana. Unlike many oil refineries shut in recent years, Convent was far from obsolete: it's fairly big by U.S. standards and sophisticated enough to turn a wide range of crude oils into high-value fuels. Yet Shell, the world's third-biggest oil major, wanted to radically reduce refining capacity and couldn't find a buyer. Read More

from Financial Post https://ift.tt/2Knq1tW
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