From the environment of the global oil trade market, in recent years

From the environment of the global oil trade market, in recent years, the global new refining capacity mainly concentrated in the Middle East, India and Chinese. Expected 2020 global oil demand reached 49.5 tons of finished products, however, can be extended from the global mixing rate, the global oil market has oversupply.

Once some people questioned why a large number of China’s imports of crude oil but also exported to overseas oil?

In fact, crude oil imports and exports of refined oil does not exist between. On the contrary, Japan, South Korea, Singapore these nearly 100% imported crude oil countries have always been active in the Asia Pacific oil exporter, and oil processing has become an important economic industry in these countries.