Page 228 - Sinopec News Today

RIYADH: Oil prices fell by more than $3 a barrel on Monday on concerns over demand in China, the world’s largest crude importer, and ahead of Iran’s response to a nuclear deal proposal which could raise the country’s oil exports. Brent crude futures were down 3.82 percent, to $94.40 a barrel at 01.00 p.m Saudi time. US West Texas Intermediate crude futures were down 3.89

Chinas central bank slashed key lending rates to revive demand as data showed the economy unexpectedly slowing in July, with factory and retail activity squeezed by Beijings zero-COVID policy and a property crisis, , wall street, S&P 500, nasdaq, china slowdown, demand

The Saudi Arabian Oil Company has signed a Memorandum of Understanding (MoU) with China Petroleum & Chemical Corporation (Sinopec) covering multiple areas of potential collaboration between the parties in Saudi Arabia.

The five SOEs, including Sinopec and China Life Insurance, said they would voluntarily delist from NYSE

The Nigerian National Petroleum Company Limited (NNPC) and foreign oil companies doing business in Nigeria inked a number of agreements that would guarantee the production of roughly 10 billion barrels of crude oil and bring in more than $500 billion in revenue for all parties.

U.S. stock indexes fell on Monday, mirroring global markets, after weak economic data from China rekindled fears of an economic slowdown in the worlds second-largest economy.

The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) could pave the way for Beijing to strike an audit deal with the United States, ending a more

The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) could pave the way for Beijing to strike an audit deal with the United States, ending a more than decade-old dispute, analysts and advisers said on Monday.

Oil prices fell sharply on Monday, dragged down by disappointing economic data from the world’s largest crude oil importer and the world’s second-largest crude oil consumer

Crude throughput at Chinese refineries slumped in July to the lowest level since the height of the pandemic in March 2020