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Chinese Independent Refineries Struggle with Surging Crude Prices

Primul articol: 30 mar. 2026, 03:00 | Ultima actualizare: 30 mar. 2026, 03:00 | 1 sursa | 1 articol
#china#oilprices#refineries#economy

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China's independent refineries, often referred to as "teapots," play a significant role in the country's economy by processing crude oil. However, the recent surge in crude oil prices has put immense pressure on these refineries, squeezing their profit margins. This financial strain could lead to reduced production and potentially impact the overall economic output.

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China’s ‘teapot’ oil refineries keep economy brewing – but surging crude prices leave them strained Foto: The Guardian
The Guardian English Amy Hawkins in Weifang 30 mar. 2026, 03:00 (acum 8 ore)

China’s ‘teapot’ oil refineries keep economy brewing – but surging crude prices leave them strained

The factories, which buy cheap crude and turn it into fuel, are struggling as higher oil prices threaten their razor-sharp margins The towns that are the bulwark of China’s energy security can, at a moment of global crisis, appear deceptively quiet. Trucks carrying oil trundle along wide-open highways that have little traffic, while a few boarded-up shops in crumbling low-rise buildings hint at a long-forgotten local buzz.A ramshackle noodle shop serving hand-pulled ribbons of dough was empty at

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