August 2,2026 Key observations Global refining capacity increased from 88 → 104 Mmbpd (+18%). Global refinery throughput increased from 77 → 83 Mmbpd (+8%). Around 40% of global refining capacity is now located in Asia, reflecting the continued shift of global refining investment. China, India and Russia increased their combined refining capacity from 15 → 31 Mmbpd (+107%), with China contributing +11 Mmbpd of the total increase. The United States maintained broadly stable re