The Guardian - World News
| Title | China’s ‘teapot’ oil refineries keep economy brewing – but surging crude prices leave them strained | Source | The Guardian - World News |
| Description |
The factories, which buy cheap crude and turn it into fuel, are struggling as higher oil prices threaten their razor-sharp margins The 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 crumbling low-rise buildings hint at a long-forgotten local buzz. A ramshackle noodle shop serving hand-pulled ribbons of dough was empty at lunchtime, save for a few construction workers and a teacher watching videos on Douyin, the social media platform, with his meal. Continue reading... |
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| Link | https://www.theguardian.com/world/2026/mar/30/china-teapot-refineries-crude-oil-iran-war | Published At | 2026-03-29 20:00:09 (1 day ago) |
| Created At | 2026-03-29 20:36:23 | Updated At | 2026-03-29 20:36:23 |