China Based Sinopec News Today

In year when consumers worldwide faced soaring energy prices after Russia invaded Ukraine, some of the biggest energy companies report record profits.

A clause allows companies with investments in Australia to sue the government for decisions that breach treaty obligations.

China’s crude throughput is set to rise month on month in June as refineries resume operations from maintenance amid expectations of demand recovery from pandemic-led movement curbs, data from S&P Global Commodity Insights showed June 28. However, the increase is expected to be capped by high product inventory as demand recovery is slower than expected, ...

The average utilization rate at China’s four state-owned refiners fell to a five-month low of 80.6% in October from 81.5% in September while independent refiners also maintained run rates at low levels due to feedstock shortage, S&P Global Platts data showed Oct. 28. These would likely lead the country’s crude throughputs to extend the downward ...

20 companies are responsible for producing over half of all single-use plastic waste “Since most plastic is made from oil and gas – especially fracked gas – the production and consumption of plastic are becoming a significant driver of the climate crisis.” In the first ever “Plastic Waste Makers Index” report published Tuesday, researchers revealed 20 companies are responsible for producing over 55 percent of all single-use plastic waste in the world.  The 20 global businesses are ...

Just 20 Companies Produce Over 55% of All Single-Use Plastic Waste in The World ScienceAlert 6 hrs ago Humanitys vast problem with single-use plastics doesnt come out of nowhere. Before this avalanche of transient, throwaway waste is disposed of in landfill or by burning – unless it finds its way into the natural environment – somebody gets paid to produce it, making money by bringing this inevitable pollution into existence. Now, we know who those somebodies are. In a first-of-its-kind r...

China lifts gasoil exports to offset inventory pressure amid weak domestic demand Chinese refiners significantly lifted gasoil exports in February to above 2 million mt in order to offset inventory pressure amid weak domestic demand, with the higher exports helping to meet regional gasoil demand rebounds. China’s five oil product quota holders — Sinopec, PetroChina, CNOOC, Sinochem, Zhejiang Petroleum & Chemical and Norinco — planned to export about 2.1 million mt of gasoil in February, w...