Chinese oil companies are becoming more active in the international crude trading market, rather than just acquiring the fuel for domestic use. China's top oil refiner, Sinopec Group, has purchased crude from the Forties oil field, the ...
Tags: oil refiner, Sinopec
China's gasoil exports in August hit an almost 17-month low of 70,000 mt, according to data released by the General Administration of Customs late Monday. The volumes were the lowest since March 2012, when China exported 60,000 mt of ...
Tags: Gasoil Exports, Chemicals
China's top three oil and gas producers have signed up for bidding for a block of a deepwater oil field in Brazil, each. Brazil will hold a bidding for a pre-salt block in the Libra oil field and the first round is scheduled to be held on ...
Tags: Metallurgy, Mineral, Energy, gas, oil
An international team of scientists has created a tool to precisely pinpoint where petroleum and gas reserves have accumulated beneath the earth. One of the team members is a Chinese geologist from the University of California-Davis. "The ...
Tags: Oil, Metallurgy, Mineral, Energy
China's domestic isomer-grade mixed xylenes prices have strengthened partly due to the startup of Dragon Aromatics' new 800,000 mt/year paraxylene plant in Fujian province late August, market sources said Thursday. "Hikes in domestic ...
China Petroleum and Chemical Corp, or Sinopec, raised ex-factory toluene prices at its South China subsidiaries by Yuan 100/mt, or 1.2%, on Tuesday, market sources said Tuesday. A company source could not be contacted immediately for ...
Tags: Sinopec, Toluene Prices
Refining capacity expansions in China have been largely on track this year although the country's relatively weaker growth in oil demand could delay some projects and result in lower utilization rates, analysts said this week. Up to 1.3 ...
Tags: oil, Metallurgy, Mineral
China Petroleum and Chemical Corp, or Sinopec, raised its ex-works butadiene prices in the north by Yuan 500($81)/mt, or 6%, to Yuan 9,000/mt effective Wednesday, end-users said. The price increase comes after the state-run company late ...
China Petroleum & Chemical Corp, or Sinopec, has raised its East China price for isomer-grade mixed xylenes by Yuan 200/mt or 2.3% effective Monday, market sources said Tuesday. The company's isomer-MX ex-works price at its four ...
Tags: China Petroleum
State-owned Chinese oil giant Sinopec has taken its first step into Egypt's upstream sector with a $3.1 billion deal to buy a 33% stake in US-based Apache's assets there. The deal is the first under in a new global strategic partnership ...
Tags: Metallurgy, Mineral, Energy
Govt delays approval of CNPC, Sinopec new projects till '13 emissions evaluation The country's two major oil providers - China National Petroleum Corp and China Petroleum and Chemical Corp - have been punished by the Environmental ...
Tags: Oil, Metallurgy, Mineral, Energy
China Petroleum and Chemical Corp, or Sinopec, has cut its ex-works price of orthoxylene in East China by Yuan 200/mt, or 1.9%, effective Tuesday, market sources said. Yangzi-BASF and Sinopec Zhenhai, the company's subsidiaries in East ...
China's fuel oil imports in July were flat from a year earlier, at 1.87 million mt, amid sustained weak demand for the fuel, detailed data released last week by the General Administration of Customs showed. The volumes refer to the fuel ...
Despite a new oil product pricing mechanism introduced by the central government in March, China's state refiners continued to suffer in the downstream in the second quarter because of poor domestic demand, their interim results showed. ...
Tags: oil product, gasoil demand
Sinopec Engineering Group Co Ltd saw annual profit growth of 10.8 percent during the first half of the year to 2.21 billion yuan ($361 million), a statement from the company said. The group saw revenue of 19.65 billion yuan from January ...
Tags: Sinopec, Metallurgy, Mineral, Energy