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BEIJING/SINGAPORE: Top Asian oil refiner Sinopec Corp swung to a record quarterly profit in July-September, thanks to a jump in refining margins and earnings from the spin-off of pipeline assets, the company said.
HOUSTON: Exxon Mobil Corp on Wednesday kept its fourth-quarter dividend flat at 87 cents a share, signaling 2020 will be the first year since 1982 that the U.S. oil producer has not raised its shareholder payout.
HONG KONG (China Daily/ANN): The Electrical and Mechanical Services Department (EMSD) of the Hong Kong Special Administrative Region (HKSAR) government and the Energy Market Authority (EMA) of Singapore signed a Memorandum of Understanding (MOU) Wednesday (Oct 28) to strengthen co-operation in energy-related matters.
PBF Energy will shut most refining units at its Paulsboro, New Jersey, refinery, the company's chief executive said in a letter to employees on Wednesday that cited the devastating impact of the coronavirus pandemic on fuel demand
Asian stocks were set to join a global sell-off on Thursday as worries about surging coronavirus cases in Europe and the United States sent investors scrambling for safe-haven assets
TURIN, Italy (Reuters) - Barcelona's 2-0 win away to Juventus in their Champions League group was the perfect reply to the club's boardroom crisis, midfielder Sergi Roberto said on Wednesday.
NEW YORK: Oil prices fell more than 5% on Wednesday, sending Brent to a four-month low as surging coronavirus infections in the United States and Europe prompted renewed lockdowns and fed expectations for new declines in fuel demand.
NEW YORK: Stocks sank across the globe on Wednesday on concerns that rising COVID-19 cases in Europe, the United States and elsewhere would disrupt fragile economic recoveries, while the U.S. dollar rose on safe-haven demand.
NEW YORK, Oct. 28 (Xinhua) -- U.S. equities closed sharply lower on Wednesday as investors grew concerned over soaring COVID-19 infections and the possible economic consequences.