America has been #1 oil refiner since start of oil age in mid-19th c., but China will dethrone U.S. as

America has been #1 oil refiner since start of oil age in mid-19th c., but China will dethrone U.S. as early as 2021, according to @IEA
New capacity = giant integrated plants heavily focused on plastics -> huge global restructuring & overcapacity risk
bloomberg.com/news/articles/… https://t.co/2R03xAjglv

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