China’s independent oil refineries face a reckoning this year as Beijing tackles overcapacity in the industry, and the crude ...

The rise in import duties, which comes on top of a separate policy last October to reduce tax rebates on fuel oil shipments, ...

In addition to coal, Chinese buyers also used Yuan to purchase Russian crude oil. The first ESPO (Eastern Siberia Pacific Ocean) crude oil will be delivered this month, according to a commentary ...

Oil prices settled more than 1% higher on Friday and recorded a weekly gain in low trading volume ahead of year-end, buoyed ...

China’s crude oil imports soared in November, but most of the increase in purchases likely went to boosting stockpiles, data compiled by Reuters columnist Clyde Russell showed on Monday.

(Bloomberg) -- China’s independent oil refineries face a reckoning this year as Beijing tackles overcapacity in the industry, and the crude they rely on becomes a lot scarcer. Over a fifth of ...