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

UE, NATO, Politica externa

The factories, which buy cheap crude and turn it into fuel, are struggling as higher oil prices threaten their razor-sharp margins The factories, which buy cheap crude and turn it into fuel, are struggling as higher oil prices threaten their razor-sharp margins T he 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