Crude oil input to refineries

The trends of the crude oil inputs to refineries (1%) has globally followed that of the crude oil production in 2016, amid stable stocks

Breakdown by country (Mt)



Saudi Arabia's increase of crude oil input refineries in 2016.

The trends of the crude oil inputs to refineries (1%) has globally followed that of the crude oil production in 2016, amid stable stocks

The 2016 growth of crude oil input to refineries has been driven by the Middle East producers, in particular, Saudi Arabia and the UAE that have started up large refineries in recent years to capture the value added in the refining sector.
Similarly, crude oil consumption continued to rise steadily in Asia, driven by China, with the commissioning new refineries.
Crude oil consumption by refineries has plunged in Mexico and Brazil resulting from their low petroleum product production in 2016.
Refinery closures over the past years in Europe combined with the willingness of Middle Eastern countries to refine crude oil locally and low refining costs in North America led to a flat crude oil consumption in European refineries despite growing petroleum products demand.

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