China's Teapot Refineries Struggle Amid Overcapacity and Crude Shortages

China's 'teapot' refineries face economic hurdles due to overcapacity and crude oil scarcity, impacting the independent oil sector. Discover the challenges they are navigating.

An aerial view of China's teapot refineries, showcasing industrial structures and oil tanks under a
China's Teapot Refineries Struggle Amid Overcapacity and Crude Shortages

China's independent oil refineries, known as 'teapots,' are facing challenges due to overcapacity and scarcity of crude oil.

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