China’s private refiners have sought government approval to cut oil-processing rates, a month after Beijing ordered them to produce at any cost in order to secure domestic fuel availability. The ...

Chinese refiners slashed their crude runs to the lowest level since August 2022 as China has reduced refinery utilization and slashed crude imports as oil prices soar amid the Iran war. Crude ...

NEW YORK, May 15 (Reuters) - U.S. oil refiners are finally reaping profits from renewable fuels, which had squeezed margins for years, but now demand has surged thanks to recent government biofuel ...

US oil refiners are ramping up fuel production to help fill supply gaps for gasoline, diesel and jet fuel as the Iran war chokes off Persian Gulf energy supplies. The brisk pace is expected to push ...

A Japanese refiner bought Mexican crude oil for the first time since 2023 as it navigates supply disruptions triggered by the Iran war and the near-closure of the Strait of Hormuz. Vessels Eagle ...

In a major escalation of trade tensions between Washington and Beijing, China's Ministry of Commerce (MOFCOM) has formally invoked its 2021 Blocking Rules for the first time to counteract U.S.

China asks banks to pause new loans to US-sanctioned refiners China's financial regulator has advised the country's largest banks to temporarily suspend new loans to five refiners recently sanctioned ...

May 6 (Reuters) - China's financial regulator has advised the country's largest lenders to temporarily suspend new loans to five refineries recently sanctioned by the U.S. over their ‌ties to Iranian ...

China’s financial regulator has reportedly asked the country’s biggest banks to temporarily stop extending new loans to refineries sanctioned by the United States over their alleged links to Iranian ...

China National Petroleum Corporation (CNPC)'s Dalian Petrochemical Corp refinery is seen near the downtown of Dalian in Liaoning province, China July 17, 2018. Picture taken July 17, 2018.