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6 days ago | 
wincountry.com | Siyi Liu |Trixie Yap |Chen Aizhu
By Siyi Liu, Trixie Yap and Chen AizhuSINGAPORE (Reuters) -Recent U.S. sanctions on two small Chinese refiners for buying Iranian oil have created difficulties receiving crude and led them to sell product under other names, sources familiar with the matter said, evidence of the disruption that Washington’s stepped-up pressure is inflicting on Tehran’s biggest oil buyer.
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6 days ago | 
reuters.com | Siyi Liu |Trixie Yap |Chen Aizhu
Immigration inspection officers in protective suits check a tanker carrying imported crude oil at the port in Qingdao, Shandong province, China May 9, 2022. Picture taken May 9, 2022. China Daily via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY.
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2 weeks ago | 
gurutrade.com | Chen Aizhu |Trixie Yap |Michael Perry
SINGAPORE, April 30 (Reuters) - China's used cooking oil (UCO) exports to the United States, its largest buyer, are set to plunge in coming months due to steep tariffs, forcing sellers to divert shipments to Europe and elsewhere, industry players said.
With Trump administration is now charging 125% import tariff on Chinese UCO from this month.
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2 weeks ago | 
gurutrade.com | Chen Aizhu |Barbara Lewis
SINGAPORE, April 28 (Reuters) - China's Sinopec Corp's, first-quarter profit fell by 27.6% versus a year earlier, the company said on Monday, weighed down by lower oil prices and as its refining operations grappled with declining fuel sales and thin margins.
Formally known as China Petroleum & Chemical Corp, Sinopec's net income stood at 13.26 billion yuan ($1.82 billion) between January and March, according to a filing with the Shanghai stock exchange based on Chinese accounting standards.
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2 weeks ago | 
marketscreener.com | Trixie Yap |Siyi Liu |Chen Aizhu
SINGAPORE (Reuters) - Aster Chemicals and Energy, the new operator of the Bukom refining complex, is planning to bid for Exxon Mobil's petrol stations in Singapore, five people with knowledge of the matter said, as the refiner seeks retail fuel sales outlets. The sale of the Exxon Mobil retail outlets is entering the formal bidding stage with binding offers due in May, two of the sources said.
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2 weeks ago | 
zawya.com | Trixie Yap |Siyi Liu |Chen Aizhu
SINGAPORE - Aster Chemicals and Energy, the new operator of the Bukom refining complex, is planning to bid for Exxon Mobil's petrol stations in Singapore, five people with knowledge of the matter said, as the refiner seeks retail fuel sales outlets. The sale of the Exxon Mobil retail outlets is entering the formal bidding stage with binding offers due in May, two of the sources said.
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1 month ago | 
gurutrade.com | Chen Aizhu |Kate Mayberry |Lincoln Feast
SINGAPORE, April 14 (Reuters) - China's crude oil imports in March rebounded sharply from the previous two months and were up nearly 5% from a year earlier, data showed on Monday, boosted by a surge in Iranian oil and a rebound in Russian oil deliveries.
March imports totalled 51.41 million metric tons, according to the General Administration of Customs, equivalent to 12.1 million barrels per day, the highest since August 2023, according to Reuters' records of customs data.
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1 month ago | 
uk.marketscreener.com | Siyi Liu |Chen Aizhu
(This April 10 story has been corrected to fix the Kpler data in paragraphs 3 and 5) SINGAPORE (Reuters) - China's imports of Iranian oil surged in March as buyers stocked up amid worries that further U.S. sanctions on Tehran could tighten supplies, traders and analysts said.
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1 month ago | 
marketscreener.com | Siyi Liu |Chen Aizhu
SINGAPORE (Reuters) - China's imports of Iranian oil surged in March as buyers stocked up amid worries that further U.S. sanctions on Tehran could tighten supplies, traders and analysts said. China's oil imports from Iran surpassed 1.8 million barrels per day last month, an all-time high, coinciding with a rise in inventory levels in independent refining hub Shandong province, according to data by ship tracking firm Vortexa.
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1 month ago | 
ca.marketscreener.com | Chen Aizhu |Trixie Yap |Mohi Narayan
SINGAPORE/NEW DELHI (Reuters) - Chinese petrochemical makers that buy $11 billion worth of U.S. liquefied petroleum gas (LPG) annually are poised to cut output or shut for maintenance in coming weeks as Beijing's retaliatory tariffs on U.S. imports drive up costs, industry insiders said. The industry of over 30 propane dehydrogenation (PDH) plants relies heavily on U.S. LPG, or propane, for processing into plastics intermediary propylene.
