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  • July 14, 2014
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  1. Beijing bids for balance with fuel price rise

    Posted Oct 27th 2010, 12:00am by Eric Ng

    ... Eric Ng Oil refiner shares gained yesterday after Beijing lifted fuel prices for the first time in six months, as it sought to balance the need to keep refiners profitable and keep inflation in check amid rising crude oil prices. China Petroleum & Chemical (Sinopec), Asia's largest oil refiner, rose 3.1 per cent to HK$7.65 while rival PetroChina edged up 0.9 per cent ...

  2. Crude pierces US$68, Asian equities retreat

    Posted Aug 26th 2005, 12:00am by Staff Reporter

    ... was the most important risk to Asian growth. 'If high prices persist, the impact will be considerable.' China National Petroleum Corp, parent of Petrochina, signed a preliminary accord ...

  3. Services fear clips China Oilfield share price

    Posted Aug 08th 2008, 12:00am by Eric Ng

    ... Eric Ng China Oilfield Services' share price fell as much as 10.4 per cent yesterday as investors feared a sharp correction in energy prices would result in lower spending on services by oil and gas firms. The mainland's dominant oil drilling se ...

  4. Adding fuel to the fire

    Posted Apr 21st 2006, 12:00am by Gwynne Dyer

    ... Opec [the Organisation of Petroleum Exporting Countries] is already producing at maximum output,' said Abdullah al-Attiyah, Qatar's oil minister. Middle-class people buy cars. ...

  5. Fears of higher oil price look overblown

    Posted Jan 08th 2008, 12:00am by Tom Holland

    ... constrain the supply of petroleum products, adding to price pressures. And finally, the value of the US currency is sliding, which pushes up the price of oil in US dollars even if it is static ... About half of that was the result of stronger demand for petroleum, but with petrol now costing upward of US$3 a gallon and new rules on energy efficiency and renewable fuel usage beginning ...

  6. Oil falls to near US$76 on hopes over fuel supplies

    Posted Jul 25th 2007, 12:00am by Staff Reporter

    ... Reuters in London Oil prices fell for a third day yesterday to near US$76 a barrel on expectations of rising fuel stockpiles in the United States and reassurances from the Organisation of Petroleum Exporting Countries that it would pump more crude if necessary. London Brent crude, seen as more representative of the world market, eased 71 US cents to US$76.15 a barrel in morning ...

  7. Demand to step up oil production

    Posted Jun 21st 2006, 12:00am by Staff Reporter

    ... the commission said. The mainland refined a total of 174.56 million tonnes of oil last year, up 6.2 per cent from the previous year. Of the total, 54 million tonnes was petroleum, 9.89 million tonnes ...

  8. Strong demand boosts Chen Hsong earnings

    Posted Jul 20th 2006, 12:00am by Toh Han Shih

    ... Toh Han Shih Rising oil prices failed to cut into earnings at Chen Hsong Holdings, a maker of plastic injection moulding machines, as strong demand boosted profits 4.8 per cent to $272.45 million for the year ended in March. Turnover rose 4.7 per cent to ...

  9. Oil price may hit Malaysia growth

    Posted May 22nd 2006, 12:00am by Staff Reporter

    ... economy Bloomberg in Kuala Lumpur Growth in Malaysia, the third-largest economy in Southeast Asia, may decline this year as higher crude prices crimp consumption, according to the country's prime minister. Prices at about US$70 a barrel are 'of ...

  10. Energy-guzzling industries curbed as oil prices soar

    Posted Sep 01st 2005, 12:00am by Cary Huang

    ... Cary Huang in Beijing Beijing will try to offset the economic pain inflicted by rising crude oil prices by working to curb the development of energy-intensive industries, according to a senior economist. Lu Zhongyuan, head of the macroeconomic research de ...




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