Wood Mackenzie

“China is currently the only country with material spare refining capacity that could cover the loss of US refinery throughputs. However, China may well decide it is not in its interest to intercede,”

Wood Mackenzie · said date not stated · reported 2026-09-25

Wood Mackenzie analysts said China is the only major producer with enough spare refining capacity to cover a potential loss of US refinery throughputs.

“approaching energy crisis territory”

Wood Mackenzie · said date not stated · reported 2026-08-27

Consultancy Wood Mackenzie described Europe as approaching energy crisis territory as its deadline for prohibiting all Russian LNG imports looms at the start of 2027.