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The Latest Breaking News from PetroChina

China state refiners considering resuming Iran oil imports, sources say

China's major state-owned refiners, Sinopec and PetroChina, are exploring a return to purchasing Iranian oil after a U.S. waiver, marking a potential shift since 2019. Despite this, industry sources suggest interest may be tempered by ample alternative supplies and weakening domestic fuel demand. The complex logistics of banking, insurance, and…

The Economic Times

China Will Return as Major Oil Buyer in August, JPMorgan Says

China's oil purchases fell dramatically, with imports dropping to about 7.8 million barrels per day in May, their lowest level since late 2017.

International Business Times

PetroChina forecasts Chinese oil consumption will drop 4.9% this year

China's oil use is set to decline in 2026. This shift comes as the nation embraces new energy sources and faces elevated oil prices. PetroChina's research unit predicts a 4.9% drop in consumption that year. Oil demand is expected to plateau and fall further by 2030. Meanwhile, gas consumption and…

The Economic Times

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PetroChina, Indian Oil fail to secure tankers to load Iraqi crude

PetroChina and Indian Oil faced difficulties securing tankers for Iraqi crude. PetroChina and Indian Oil Corp could not find vessels. Sinochem is searching for a tanker. High shipping rates and transit concerns persist. This follows an interim deal between the United States and Iran. Indian Oil Corp declared force majeure…

The Economic Times

Deep under China's coal basins, PetroChina is unlocking gas from rocks

China is unlocking a new energy frontier with coal rock gas extracted from deep within its coal basins. This ambitious multi-billion-dollar initiative is set to bolster domestic natural gas production while easing its dependence on foreign imports. With PetroChina predicting vast output by 2035, this strategy could position China as…

The Economic Times

Energy Insider: China Achieves Breakthrough With Thorium Molten Salt Reactor

China–ASEAN power trade tops 75 billion kWh, PetroChina-led project in Iraq boosts oil processing capacity

Caixin Global

Scottish Labour rule out backing Grangemouth nationalisation after SNP appeal

SCOTTISH Labour have summarily dismissed calls to back the nationalisation of Grangemouth after the area’s SNP MSP penned an appeal to group…

The National (Scotland)

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Man United owner Sir Jim Ratcliffe pours nearly £600m into his car project

Ineos Automotive, which makes the Grenadier offroader, now owes the rest of Sir Jim’s chemical-making empire €2.43bn after it borrowed €710m more

The Independent UK

Mystery bidder for Grangemouth oil refinery revealed – but doubts for viable offer

THE potential bidder for the Grangemouth oil refinery has been revealed as a Canadian businessman, but serious doubt has been raised over the…

The National (Scotland)

PetroChina Seeks to Shape Up Its Lackluster Overseas Business

The state-owned oil and gas giant’s foreign endeavors generated one-third of its revenue in 2023, but less than a fifth of its pre-tax profit

Caixin Global

Factbox-China's energy investments in Russia

Chinese state energy giants have made a number of multi-billion dollar investments in Russia, one of China's top oil and gas suppliers, across various stages of the energy supply chain.

Reuters

Economy and Society, September 13, 2022: Former Attorney General highlights recent state action against ESG

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

Petrol price investigation: who owns the UK’s oil refineries?

As the competition watchdog investigates profit margins, here are six of the largest refiners and the corporate interests behind them

The Guardian - UK

6 High-Yield Dividend Stocks To Buy And Hold In A Volatile Market

During periods of stock market weakness, investors can still generate yield from high-quality dividend stocks. The Federal Reserve has already raised interest rates by 0.75% so far in 2022, but there are plenty of high-yield dividend stocks paying 6% or more at current prices.

Benzinga

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The Guardian - UK

Unite union seeks talks with Sturgeon over Grangemouth refinery

Union says oil refinery’s ‘strategic importance’ means talks about possible threats are urgent

The Guardian - UK

Revealed: the ‘carbon bombs’ set to trigger catastrophic climate breakdown

Exclusive: Oil and gas majors are planning scores of vast projects that threaten to shatter the 1.5C climate goal. If governments do not act, these firms will continue to cash in as the world burns

Benzinga

7 Best Energy Stocks To Buy With Over 6% Dividend Yields: Ecopetrol, Energy Transfer LP And More

One of the only sectors of the market that is skyrocketing amid broad market weakness in 2022 is the energy sector.

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