Tag Archives: China

Sinopec will process 121 million tonnes of crude oil in the second half of the year.

Fifteen of the 25 analysts polled by International Business Times expect Iran’s sanctions to drive oil prices up.

China’s and Japan’s Economic Exclusive Zones (EEZ) in the area overlap and about 40.000 square kilometers of ocean territory is in dispute.

UNIPEC. the trading arm of Asia´s biggest refiner Sinopec is one of the largest buyers of U.S. oil.

Ethanol fuel will also be developed in a measured way in part to consume excess grain stock.

The Trump administration will offer 11 million barrels of crude from its reserves.

The US'.s growing trade dispute with China and spats with other trading partners are likely to dampen demand growth.

In U.S. oil markets. a decline in commercial crude inventories provided WTI with stronger support than Brent.

Saudi Arabia might be seeking to expand its oil production by building an oil port in Yemen’s al-Mahra governorate.

Iran is keen to keep its single biggest oil customer—China—when U.S. sanctions on Iranian oil exports kick in later this year.