"Our refining margins were in the negative, and operations only began to recover slightly from late May with some early signs of easing in lockdowns," a refinery trading manager said

The carbon capture project, situated at CNOOC's Enping Oilfield in the mouth of the Pearl River, will store carbon dioxide emitted during oil extraction

Customs data on Friday showed that China more than doubled its imports of Russian coking coal in April, taking advantage of a large discount compared to other sources

The statement comes as oil prices rebounded from two days of losses in a volatile session, bolstered by weakness in the US dollar

Executives at listed energy giant said the anti-pandemic measures have led to higher product inventory compared with the start of the year

Beginning in August 2021, several Covid-19 outbreaks in China led to mobility restrictions, which in turn reduced domestic demand for petroleum products

The setback came as Sinopec reported an overall 25% rise in net income for the three-month period, a level last seen in the third quarter of 2020

The London-listed company is in joint talks with Chinese state-run oil companies CNOOC, CNPC and Sinopec over its 27.5% holding

Top offshore oil and gas producer is looking to sell operations in Britain, Canada and the US, because of concern the assets could be subject to Western sanctions, sources say

Last year, output reached 43.22 million tonnes of oil equivalent at Daqing Oilfield, one of the country's largest oil production bases

China will release crude from its strategic oil stockpiles around the lunar new year in February as part of a plan urged by the US with other major consumers to cut fuel prices, sources say