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  • August 29, 2014
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  1. Price controls hit PetroChina profit

    Posted Mar 30th 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com PetroChina, the nation's largest oil and gas producer, is pinning its hopes on more favourable government energy pricing and tax policies this year to reverse last year's fall in profits. The company said yesterday tha ...

  2. Sinopec warns of fuel shortages if prices don't rise

    Posted Apr 27th 2011, 12:00am

    ... Eric Ng China Petroleum & Chemical Corp (Sinopec), the world's third-largest oil refiner, has warned of fuel shortages if Beijing does not raise fuel prices to stem refining losses. Even though Beijing is trying to fight inflation, which soared to a 32-month high of 5.4 per cent in March, some analysts say that unless crude oil prices spike dramatically Beijing ...

  3. 300 commercial drivers in protest to demand an end to diesel tax

    Posted Aug 23rd 2006, 12:00am by Staff Reporter

    ... Kathryn Hu About 300 cargo trucks, tour buses, minibuses and taxis massed across Hong Kong yesterday in a protest aimed at persuading the government to scrap a tax on diesel amid rising oil prices. About 100 vehicles stopped in Central for five minutes at ...

  4. Consumers still confident but rising food prices are a worry, survey shows

    Posted Aug 17th 2011, 12:00am

    ... Helene Franchineau helene.franchineau@scmp.com Consumer confidence in the economy remained stable in the second quarter, at 107 points, after a sharp surge in the first quarter of this year. That was the latest finding by the Nielsen global online survey, ...

  5. Excessive optimism the biggest mistake of 2008

    Posted Dec 19th 2008, 12:00am by Tom Holland

    ... with Tom Holland Normally, the word 'I' should have no place in a financial column like Monitor. But once a year I make an exception to the rule, looking back at the columns I've written over the last 12 months and seeing what I got right a ...

  6. Price talks on oil

    Posted Oct 07th 2005, 12:00am by Staff Reporter

    ... China Petroleum & Chemical Corp (Sinopec) expects to resolve the thorny issue of petroleum product pricing with the central government soon, according to president Wang Tianpu. ... than 80 per cent of the nation's refining volume- were asking the central government to consider subsidising petroleum users to help relieve the oil refiners' cost pressure. ...

  7. Oil giants' troubles worsen as crude at record

    Posted Apr 21st 2008, 12:00am by Staff Reporter

    ... a firm lid on tariffs to battle record-high inflation. The profit warning issued by the mainland's No2 oil and gas producer China Petroleum and Chemical Corp (Sinopec) and the fact ... and Organisation of the Petroleum Exporting Countries secretary-general Abdalla El-Badri expected its price to climb further because of the weak US dollar. The main influence on crude is 'the dollar ...

  8. Investors beware, commodity dive may only be the start

    Posted Jan 08th 2007, 12:00am by Tom Holland

    ... Tom Holland Local investors who took advice from the glut of financial gurus that passed through town last year and bought into commodity markets must be feeling sick at heart today. Commodity prices went into a meltdown in the first week of the year, wit ...

  9. Beijing applies brakes to fuel tax

    Posted Nov 12th 2007, 12:00am by Kandy Wong

    ... Kandy Wong in Beijing Policy fine-tuning delays implementation until oil prices stabilise from record highs The mainland will delay the introduction of a tax on fuel until oil prices retreat from their current record levels, delegates to a conference on t ...

  10. 'Brother Fuel Price' speaks for consumers

    Posted Apr 07th 2012, 12:00am

    ... But consumers see the oil juggernauts as unfettered predators robbing them of their money. According to a research report published jointly last month by the China Petroleum Enterprise Association and the China University of Petroleum, the three oil companies, which enjoy a cosy oligopoly over the massive mainland market, posted a combined net profit of 332.7 billion yuan [HK$409 billion] last ...




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