The jump in China’s state-controlled fuel prices will inevitably squeeze consumers at both filling stations and grocery stores. But analysts say the hike is unlikely to make an immediate or huge dent in the country’s hunger for oil.
China’s economy is booming, and people are buying cars and air conditioners as their incomes grow. There is [...]
China’s fuel price rise may increase its demand for crude oil as refiners ramp up output to take advantage of higher processing profits, said reports from Lehman Brothers Holdings Inc. and Goldman Sachs Group Inc.
The changes will push up crude demand while reducing the country’s imports of fuels, said Lehman Brothers analysts Adam Robinson and [...]
Shanghai’s key stock index tumbled more than 6.5 percent today after the central bank governor said tackling inflation is still the top priority.
The remarks by Zhou Xiaochuan yesterday in the United States renewed investors’ concerns that the government will step up measures to curb rising prices. Stocks also retreated after speculation eased that the government [...]
China National Petroleum Corporation (CNPC), the country’s largest oil group, saw a tremendous slide of 40% from a year earlier in its before-tax profits for the first five months of the year, as surging oil price pushed up its special oil gain levy, sources quoted an unnamed senior executive with CNPC as saying.
The group, the [...]
China’s industrial-production growth accelerated on rising exports, signaling that the world’s fourth-biggest economy is weathering a global slowdown.
Output rose 16 percent in May from a year earlier after gaining 15.7 percent in April, the statistics bureau said Monday. That matched the median estimate of 22 economists surveyed by Bloomberg News.
Tags: central-bank, crude-oil, export, exports, inflation, [...]
South Africa’s Sasol, the world’s biggest producer of motor fuel from coal, and China’s top coal company Shenhua Group will jointly produce motor fuel from coal in China in 2016, a Sasol official said Friday.
Feasibility studies of two Coal to Liquids (CTL) projects in northwest China, jointly invested by Sasol and Shenhua, are going smoothly [...]
