Saudi Aramco, the world's largest oil company, owns a refinery in Qingdao province and has another, in Fujian, as a joint venture with Sinopec, a Chinese petroleum giant, and ExxonMobil, an American one.
Phillips 66 will take 238, 000 barrels per day offline as they shut down their Bayway Refinery in Linden, New Jersey, while Hess will be taking another 70, 000 daily barrels of capacity off the market as it shuts down their operations at Port Reading, New Jersey.