Global Oil Refining Capacity: China and the U.S. Dominate
China and the U.S. account for 36% of the world’s oil refining capacity, and only five economies control half of the world’s capacity.
China and the U.S. account for 36% of the world’s oil refining capacity, and only five economies control half of the world’s capacity.
Oil still dominates Saudi Arabia’s exports, but the country now exports a rapidly growing array of non-oil products.
China is the world’s largest consumer of energy and runs large trade deficits for primary fuels, especially crude oil and petroleum gases.
Brazil’s 70% export triad—agribusiness, minerals and fuels—feeds and powers global markets, led by China as the top buyer.
The future of energy is clean and electric, with record investment of USD 2.2 trillion in clean energy in 2025, led by China.