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Sinopec seeks US oil waiver

China Petroleum & Chemical Corp, or Sinopec, is seeking a tariff exemption for US oil being imported in coming months, sources familiar with the matter said, after Beijing late last week imposed retaliatory tariffs on US goods, including crude oil.The largest refiner in Asia is expected to receive four supertankers carrying 8 million barrels of US crude at Tianjin in September and October, according to the sources, data from analytics companies Refinitiv and Kpler.China announced its latest...

China raises solar capacity

China connected 11.4 gigawatts (GW) of new solar power to the grid in the first half of 2019, taking...

SG Preston to buy refinery

A biofuels producer said it is proposing to acquire the fire-damaged Philadelphia Energy Solutions...

Citgo profits hit after split

The two new top executives at Citgo Petroleum disclosed this week that net income in the second...



Iraq close to pipeline deal with BP and Eni

Iraq is close to reaching a deal with oil majors BP and Eni for an export pipeline project that was initially planned as part of a mega-deal with US energy giant ExxonMobil, according to five senior Iraqi oil officials involved in the negotiations.Under the proposed $400 million agreement, British company BP and Italy’s Eni would run the scheme to build two seabed oil pipelines for Iraq’s southern exports through the Gulf, the sources told Reuters, declining to be named as the discussions have...

In Brief

Oman’s oil production hits 30m...




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