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Covering for "allied" production cuts to evade sanctions? In November, Saudi Arabia became the largest buyer of Russian Crude Oil Product.
Since the European Union's ban on Russian oil took full effect in February last year, countries in Asia have become the largest buyers of Russian fuel oil and VGO. However, think tank data shows that in November, India's imports of Russian Crude Oil Product decreased significantly by 55% month-on-month, reaching the lowest level since June 2022.
Midday Crude Oil Analysis: China's Crude Oil Product import volume has reached a record high, what kind of changes will the Global oil market face?
According to the latest customs statistics, China's Crude Oil Product imports reached a 15-month high in November, after which Brent Crude Oil Futures traded in Asia's early morning in......
KUNLUN ENERGY's controlling shareholder, China National Petroleum Corporation, will transfer 1.48% of the company's equity to China Petroleum & Chemical Corporation.
KUNLUN ENERGY (00135) announced that the Board of Directors has been notified by the company's controlling shareholder, China National Petroleum Corporation, to deepen the strategic cooperation between China National Petroleum Corporation and China Petroleum & Chemical Corporation, and to optimize the company's equity structure. China National Petroleum Corporation will transfer 128,370,000 shares (approximately 1.48% of the total issued share capital as of the date of this announcement) held by its indirect wholly-owned subsidiary, Fairy King Investments Ltd., to a designated wholly-owned subsidiary of China Petroleum & Chemical Corporation. After the completion of this transfer and as of the date of this announcement,
Oil Prices Decline Amid Surplus Concerns a Dollar Strength
Crude Oil Product: WTI decreased ahead of the holiday as the dollar strengthened and a key Russian oil pipeline resumed supply.
Crude Oil Product slightly declined in light trading before the holiday due to a stronger dollar, along with the resumption of supplies from the Druzhba pipeline in Russia.
U.S. Gasoline Margins Up 6.7% From Last Year Ahead of Christmas -- OPIS
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