The United States leads with 19.11% of global oil refining capacities, showcasing its significant role in the energy sector. China closely follows with 14.55%, indicating its growing dominance. Russia's capacity stands at 6.59%, while India maintains 4.74%, reflecting their significant but lesser shares compared to the top two. Notably, other major players like Japan (3.7%), South Korea (3.32%), and Saudi Arabia (2.98%) highlight their strategic importance. Brazil, Germany, and Iran each hold over 2%, emphasizing their effective contributions to the global oil refining landscape.
Future trends to watch include:
- The expansion of China's capacity as it continues to industrialize and urbanize at an unprecedented rate.
- Potential shifts in U.S. capacity due to fluctuations in domestic demand and regulatory changes.
- India's refining capacity is expected to grow as its energy requirements rise.
- The impact of global environmental policies that may push countries towards alternative energy sources, potentially reshaping refining capacities worldwide.
Top countries in Top Countries' Share of Global Oil Refining Capacities
| # | 10 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 United States | 19.11 | 2016 | |
| 2 | 2 China | 14.55 | 2016 | |
| 3 | 3 Russia | 6.59 | 2016 | |
| 4 | 4 India | 4.74 | 2016 | |
| 5 | 5 Japan | 3.7 | 2016 | |
| 6 | 6 South Korea | 3.32 | 2016 | |
| 7 | 7 Saudi Arabia | 2.98 | 2016 | |
| 8 | 8 Brazil | 2.35 | 2016 | |
| 9 | 9 Germany | 2.08 | 2016 | |
| 10 | 10 Iran | 2.04 | 2016 |
