China's gasoline and gasoil crack spread in Shandong Province, a major crude oil refining place in China, both dropped post the Mid-Autumn Festival compared with the pre-holiday level, down Yuan 143/tonne and Yuan 168/tonne respectively primarily due to falling refined oil prices against rebounding

When domestic independent refineries experienced a tough year in 2024 due to shrinking profits, the large-sized refining-chemicals integrated refineries outperformed thanks to their diversified product portfolio, and some even achieved growth compared with last year, according to OilChem survey.   E

Key Highlights: In August 2024, the EU proposed an anti-subsidy duty of 9%-36.3% on imports of battery electric vehicles (BEVs) originating in China for a period of five year. Under the tariff increase list are foreign companies operating in China (Tesla, eGT, BMW Brilliance, etc.), Chinese EV manuf

Huizhou LNG terminal, owned by Guangdong Energy Group, received the first LNG cargo ship on August 30, marking the official commissioning of the terminal and further enlarging the natural gas supply in South China's Guangdong Province. The terminal has three 200,000 cubic meters storage tanks in the