Domestic gasoline and diesel prices will lower by NT$0.9 and NT$1 per liter, respectively, for the second week in a row beginning today, to reflect the decline in average international crude oil prices over the most recent trading days.
The state-owned oil company CPC Corp. Taiwan said the price of 92 unleaded gasoline will be reduced [...]
The Ministry of Economic Affairs (MOEA) announced yesterday that the gasoline and diesel prices will be adjusted every week to more accurately reflect fluctuations of international crude oil prices.
Starting Aug. 8, oil prices will be reviewed every Friday and adjusted based on the average international oil price recorded during the previous trading days within the [...]
Singapore-listed China Aviation Oil (Singapore) Corp (CAO) has posted US$17.5 million unaudited net profit in the second quarter, an increment of 222% over the corresponding period last year.
The company attributed the growth in net profits to gains on derivatives trading, interest savings and improved contribution from its unit Shanghai Pudong International Airport Aviation Fuel Supply [...]
China will import less transport fuel in the month of the Olympics as domestic refiners raise output to ensure stable supply and as stockpiling slows amid a drop in crude oil prices, a Reuters survey showed.
The country will import 530,000 tonnes of diesel for August, almost 40 percent below last month’s 860,000 tonnes, trade estimates [...]
The coal supply crunch has mounted pressure on mine safety in Shanxi province, China’s leading coal production region, as local coal miners are forced to overproduce.
The province is currently facing a coal shortage, which is expected to escalate to as high as 200 million tons, largely due to the huge coal demand across China.
Tags: coal, [...]
China National Aviation Fuel Group Corp (CNAF), the country’s largest jet oil provider, said its sales revenue in the first half year rose 59% year-on-year to RMB 51 billion (US$7.5 billion), mainly boosted by the surging demands and prices.
The Beijing-based company said Friday in a statement that fuel and chemical sales went up 27% from [...]
