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Chinese companies, involved in the extraction and processing of oil, in 2018, increased profits by 32.1%. As the Ministry of Industry and Information Technology of China reported, their profits grew more than the profit indicator of the country's industry as a whole, which increased by 10.3% during the year. The share of companies in the field of oil production and refining in the total revenue of all industrial enterprises in China was 12.7%. Their revenue reached 839 billion 380 million yuan. The ministry’s report also notes that companies have invested 6% more in last year’s production and refining of oil than in 2017.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
KYC Policy