38 articles
Sinopec forecasts China's oil demand will fall by 600,000 barrels daily due to geopolitical tensions and EV adoption. Gasoline and diesel consumption are projected to contract sharply, weighing on the
Sinopec research forecasts China's oil demand to drop 8.9% in 2026 due to high prices and EV adoption. While refining capacity rises, gasoline and diesel consumption are expected to decline significan
The 2026 International CCUS Technology Conference opened in Astana with over 230 delegates from global governments and enterprises. Key industry players like Sinopec and BASF emphasized collaboration
China's oil consumption fell 9% year-on-year in Q2 2026 as high fuel prices accelerated electric vehicle adoption, contributing to a 1% reduction in total emissions. Sinopec executives suggest oil dem
China plans to export approximately 4 million tons of refined fuels in September after easing export restrictions. State-owned refiners like PetroChina and Sinopec will secure over 60% of quotas, infl
A deadly fire at a Russian gas chemical facility owned by Sinopec and Sibur killed seven people before production began. The incident delays a major polyethylene and polypropylene complex boosting Rus
Sinopec's new chairman Hou Qijun is restructuring the world's largest refiner to pivot from declining fuel sales to high-value petrochemicals and new energy. The company plans to allocate over $4.4 bi
Sinopec reported a 19.3% increase in H1 net profit to 25.6 billion yuan, driven by rising oil prices amid Middle East tensions. Meanwhile, National Energy Group has investigated over 17 executives acr
Sinopec reported a 19.3% year-on-year increase in H1 net profit to 25.6 billion yuan, driven by higher oil prices amid Middle East tensions. Upstream expansion and inventory gains further supported th
Sinopec plans to increase crude oil sourcing from Brazil and Africa to counter Middle East supply disruptions. The company will allocate over 30 billion yuan annually to new energy projects amidst dec
Sinopec Chairman Hou Qijun stated China's oil demand likely peaked last year, earlier than the 2027 forecast, due to electrification and low-carbon goals. Road fuel consumption fell sharply in H1 as c
Sinopec reported a 19.3% increase in first-half 2026 net profit to 25.63 billion yuan despite Middle East conflicts and weak domestic demand. Refining margins surged 44.1%, though chemical losses pers
Sinopec reported a 12% rise in first-half net income to 26.6 billion yuan, driven by higher global energy prices boosting upstream revenues despite refining margin pressures.
Sinopec has increased Russian ESPO crude imports to replace reduced Middle East supplies amid regional conflicts. The refiner secured significant volumes at discounted rates to maintain throughput des
Ineos exits its Tianjin petrochemical joint venture with Sinopec, paying $120 million over 24 months due to weak market conditions. The company derecognized a €575.7 million equity stake in a facility
The 2026 Fortune Global 500 list included 18 Chinese energy and chemical firms such as CNPC and Sinopec. Significant petrochemical investments by BASF, Dow, and ExxonMobil in China were also highlight
State-owned Sinopec is restructuring into four new business units to boost efficiency and pivot towards chemicals and new energy amid declining fuel demand. The reorganization aims to complete by year
Sinopec's Ningbo Engineering Company signed a design contract for Uzbekistan's first large-scale sustainable aviation fuel complex. The project utilizes biomass and green hydrogen to produce over 160,
Sinopec completed the restructuring of China National Aviation Fuel (CNAF) to integrate the jet fuel value chain and enhance global competitiveness. The move supports supply security as jet fuel deman
Sinopec completed its restructuring with China National Aviation Fuel Group (CNAF), making it a wholly-owned subsidiary after regulatory approvals. This strategic move follows State Council SASAC dire
Sibur Holding received initial ethane feedstock at its Amur Gas Chemical Complex in Russia, advancing plans to produce 2.7 million metric tons of polyethylene and polypropylene annually. Partnered wit
Sinopec and PetroChina are accelerating ultra-deep shale gas drilling in China's Sichuan basin, targeting a one-third output increase by 2035 to reduce import reliance despite higher operational costs
Saudi Arabia's crude oil shipments to China are projected to stay at record lows in July due to high prices and geopolitical tensions. Major refiners including Sinopec reduced purchases as refining ma
The State Grid forecasts this summer's peak load will exceed 1.3 billion kW, rising 6% year-on-year. Concurrently, Sinopec and BYD signed a framework agreement covering charging infrastructure, batter
BASF-YPC’s Nanjing facility maintains high operational rates due to its diversified ethylene value chain, mitigating impacts from the Middle East conflict. Reliable feedstock supply from Sinopec suppo
Oil and LNG tankers are exiting the Strait of Hormuz for Pakistan and China amid conflict-related shipping restrictions. Major cargoes include LNG for Pakistan and Iraqi crude for Sinopec-bound Ningbo
Two Chinese supertankers carrying 4 million barrels of Middle East crude oil exited the Strait of Hormuz after a two-month wait. Charters by Sinopec and Sinochem indicate deliveries to southern and ea
Sinopec received an honorary award at the China-Arab Partner Conference in Cairo for its contribution to cooperation. Executives highlighted key oil and gas projects in the Middle East and commitments
Sinopec secured approval for 235.687 billion cubic meters of proven reserves at its ultra-deep Ziyang Dongfeng shale gas field using AI-integrated imaging. This validates a replicable technical pathwa
Sinopec lowered electricity trading costs for oilfields and refineries by 11.5% via centralized power markets. Peru's emergency energy decree prioritizing residential power risks industrial supply, pu
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