Wealthion · Tuesday, September 8, 2026
Art Berman stated that Chinese refineries are currently operating at 12 to 12.5 million barrels per day, a significant decrease from the pre-war rate of 15 to 15.5 million barrels per day. This reduction in refinery runs means less gasoline, diesel, and jet fuel are being produced for consumption.
“Chinese refineries before the war ran about 15, 15 and a half million barrels a day. Best estimates today, 12 to 12 and a half million barrels a day. So Chinese refineries are producing 3 million barrels a day less of the products that people need and buy.”
“And in one way or another, the Chinese people have a whole lot less gasoline, diesel, and jet fuel to use.”