Sinopec Group, parent of China Petroleum & Chemical Corp (Sinopec)<600028><386>, said the daily natural gas output of Sinopec’s southwest gas field hit a record of 8.2 million cubic meters, and the total gas output of this field is expected to exceed 2.7 billion cubic meters this year, market sources reported.
Sinopec’s southwest gas field, located in [...]
China’s fuel-demand growth may ease to an average 4 percent in the next two to three months as a slowing economy cuts consumption, said an official with the research unit of the nation’s largest oil company.
Fuel consumption growth may also fall because of higher domestic gasoline and diesel prices, Gong Jinshuang, an engineer at CNPC [...]
Sources said China Petroleum and Chemical Corporation (Sinopec), China’s largest oil refiner, may not get government oil subsidies in the fourth quarter of this year due to the falling price of oil, according to China Business News.
At Sinopec’s results announcement in August, a senior official said the detail of subsidies will be decided by global [...]
Non-State-owned oil trading enterprises plan to sue two oil giants to break the oil monopoly, said sources familiar with the matter at an oil summit yesterday, according to China Youth Daily.
Zhao Youshan, president of Petroleum Flow Committee of the General Chamber of Commerce, made the remarks in a summit held yesterday, attended by more than [...]
PetroChina Co., the nation’s largest oil company, plans to increase the West-East gas pipeline’s annual capacity by 42 percent next year to tap rising domestic demand.
The link will be able to deliver 17 billion cubic meters of the clean fuel to the eastern regions including Shanghai from gas-producing fields in the west, parent China National [...]
Beijing raised the retail price of gasoline and diesel by as much as 4 percent today to offset the higher cost of providing the capital city with cleaner fuels, a municipal commission said.
Gasoline prices will climb by 200 yuan ($29) a metric ton and diesel prices will increase by 290 yuan a ton for fuel [...]
