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

China issued a second batch of crude oil import quotas for 2025 to its independent refiners, potentially boosting the country ...

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 ...

(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 ...