Sinopec profits slump as oil refining suffers from weak economy
SINOPEC’s third-quarter profits contracted as China’s biggest oil refiner increasingly finds itself under pressure from the nation’s economic woes and ...
Tag: Oil
China’s steel mills and oil refiners bear brunt of tepid economy
CHINESE commodities producers centred on the old economy are still bearing the brunt of the nation’s economic slowdown, with steelmakers ...
South Korea says it may consider additional oil tax cut
SOUTH Korea is experiencing minimal economic impact following Israel’s retaliatory strike on Iran, but may consider a further reduction in ...
Oil settles up, weekly gain 4% as investors weigh Middle East risk and US election
Oil prices settled higher on Friday (Oct 25) and gained 4 per cent on the week, with investors taking stock ...
Oil prices rise 1% as Middle East attacks heighten supply concerns
OIL prices rose more than 1 per cent on Thursday (Oct 24), reversing some of the previous session’s losses, as ...
Dark fleet oil tanker caught in recent collision heads to China
A DARK-FLEET oil tanker that was recently involved in a crash in South-east Asia is now on its way to ...
Russian Oil Exec with Ties to Putin Found Dead After Mysterious Fall from Window of Moscow Apartment
A former Russian oil executive has been found dead after apparently falling from the window of his Moscow flat.Mikhail Rogachev ...
US watching dark fleet ship-to-ship oil transfers in Asia waters
THE US is paying close attention to the ‘dark fleet’ of tankers carrying restricted oil and doing ship-to-ship transfers in ...
IEA says oil demand growth weakness to continue on China and EVs
GLOBAL oil demand growth will continue to weaken due to China’s economic slowdown and the rapid uptake of electric vehicles, ...
Oil prices show how numb traders have become to US sanctions
A week ago, the US government imposed yet more sanctions on Iran’s oil trade. Crude prices have sagged more than ...
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