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22.08.25 - 11:09
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Earnings Of China′s Refining Giant Sinopec Plunge Amid Low Oil Prices, Weaker Fuel Demand (ZeroHedge)
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Earnings Of China's Refining Giant Sinopec Plunge Amid Low Oil Prices, Weaker Fuel Demand
By Charles Kennedy of OilPrice.com
The largest Chinese and Asian refiner Sinopec reported on Thursday a 36% decline in its first-half profit on the back of lower oil prices and refining margins and weakening domestic fuel demand.
China Petroleum & Chemical Corporation, or Sinopec, as it is more commonly known, booked a profit attributable to shareholders of $3.3 billion (23.75 billion Chinese yuan) for the period January to June 2025, down by 35.9% from the same period last year.
“Dragged by various factors such as the declining international crude oil prices combined with weak chemical margins, the Company's profitability for the first half significantly decreased year on year,” Sinopec's chairman Hou Qijun said in a statement accompanying the first-half results.
Sinopec estimates that while China's natural gas demand rose by 2.1% year-over-year in January to June, domestic consumption of refined...
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22.08.25 - 07:24
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China discovers 2 major shale gas fields as energy security drive pays off (SCMP)
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China has discovered deep shale gas reserves in two major gas fields in the southwest, each holding more than 100 billion cubic metres (bcm) of proven reserves, as the country continues its push for greater energy security.
The state-owned China Petroleum and Chemical Corp (Sinopec) said late Thursday that the government had certified 165 bcm of natural gas reserves at the Hongxing field, which spans Hubei province and Chongqing municipality.
“It proves the Hongxing region's strong resource......
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22.08.25 - 05:30
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Research: M Stanley Lists Latest HK Focus List (Table) (AAStocks)
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StockAlibaba Group Holding (BABA.US)CHINA RES POWER (00836.HK)YANGTZE POWER (600900.SH)CATL (300750.SZ)* DUALITYBIO-B (09606.HK)ESPRESSIF (688018.SH)HKT-SS (06823.HK)HKEX (00388.HK)NARI (600406.SH)PETROCHINA (00857.HK)PICC P&C (02328.HK)SPRING AIRLINES (601021.SH)SUNNY OPTICAL (02382.HK)TENCENT (00700.HK)ZIJIN MINING (02899.......
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22.08.25 - 03:15
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Large Shale Gas Field Emerges in CN with Reserves of 165B Cubic Meters (AAStocks)
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Sinopec announced that the Hongxing Shale Gas Field, located at the border of Hubei and Chongqing, has proven shale gas reserves of 165.025 billion cubic meters. This has successfully passed the verification by the Ministry of Natural Resources, marking the official emergence of another large shale gas field in mainland China.~A......
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20.08.25 - 05:33
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China, India Agree To Coordinate On Trade Even As US Blasts ′Global Clearinghouse For Russian Oil′ (ZeroHedge)
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China, India Agree To Coordinate On Trade Even As US Blasts 'Global Clearinghouse For Russian Oil'
After years of ratcheting tensions between nuclear-armed rivals China and India, which actually came to literal blows along their disputed Himalayan border over the last several years - including the deadly 2020 Galwan valley clashes among rival troops, which left dozens dead and wounded - relations between the two Asian regional powers are thawing fast.
Monday and Tuesday have seen a major breakthrough during Chinese Foreign Minister Wang Yi's two-day visit to Delhi, where he declared that India and China should view each other as "partners" rather than "adversaries or threats".
He further hailed a "positive trend" towards cooperation between the two economic superpowers of the region, ahead of a meeting with Indian Prime Minister Narendra Modi on Tuesday. Indian Foreign Minister S Jaishankar in turn confirmed that the countries are busy trying to "move ah...
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18.08.25 - 11:45
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Results: SINOPEC SSC Interim NP RMB760M, Up 1% (AAStocks)
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SINOPEC SSC (01033.HK) announced its interim results ended June 2025. Based on the International Financial Reporting Standards (IFRS), the turnover inched up 0.6% YoY to RMB37.051 billion. The net profit amounted to RMB760 million, up almost 1% YoY. EPS equaled RMB4 cents. No dividend was declared.~AAStocks Financial NewsWeb Sit......
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