Sinopec Profit Triples as Refining Outweighs Oil's PlungeBloomberg News
Refining business benefits from China's $40/bbl price floor
Oil, gas output drops to 2.7%; refining output falls 2.4%
China Petroleum & Chemical Corp., Asia’s biggest refiner, posted a threefold increase in profit as the drop in oil prices was outweighed by the benefit of improved refining margins.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.