A Sinopec gas station in Beijing: The company's chairman, Zhang Yuzhuo, said March 29 that it would offer hydrogen fuel at 100 of its … Experience our FOREX.com trading platform for 90 days, risk-free. Sinopec is the operator of the largest shale gas field in China, Fuling, which produced more than 6 billion cubic meters of shale gas in 2017. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement. December 30, 2020 10:50 PM, Chinese investment bank CICC pointed out that OPEC's decision to gradually increase crude production and positive coronavirus vaccine development have supported oil prices, and it said investors should keep an eye on undervalued Sinopec (386). Sinopec Canada is a tradename of Sinopec Canada Energy Ltd., Sinopec Daylight Energy Ltd. and SinoCanada Petroleum Corporation. Auto-fuel Price Trend; About Us; Home; Auto-fuel Price Calculator; Auto-fuel Price Calculator. FOREX.com’s MT4 accepts all EAs, no third-party bridges, custom EAs and free VPS hosting. Sinopec, expected to be the next major Chinese buyer of US LNG, had been in discussions with Houston-based Cheniere Energy to sign a 20-year deal but Reuters reported in January that both companies were planning to review terms of the deal after a sharp drop in prices. Stay informed with real-time market insights, actionable trade ideas and professional guidance. "It's a definite win for the Chinese buyers," said Gwozd. This promotion cannot be combined with other promotional offers. Sinopec is also the group's major publicly listed platform. Trade with a market leader and stable partner invested in your success. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. 2. Sinopec, with a registered capital of RMB 326.5 billion, is China's largest supplier of refined oil products and petrochemicals, the second-largest oil, and gas producer, and the world's number one refining company and third-largest chemical company. Sinopec was estimated to have sold 27.1 Bcm of natural gas in 2019, up 11.9% year on year, while its natural gas sales price was estimated to have increased 11.6% year on year, according to a report from Beijing Business news. Sinopec added that this winter, the field is meeting fuel demand of 7 million households with the daily gas production of 3.5 million cubic meters. The electric vehicle company sent out a media invitation Tuesday saying it will sign a strategic cooperation agreement with Sinopec on April 15, and that its first second-generation battery swap station will go live at a Sinopec … Refined oil-product prices remain controlled by the state despite fuel-price reforms in 2013 and Sinopec plays a key role in retail fuel-price setting as it is the largest producer and retailer of refined products. Caltex. The deal shows how some buyers are … Esso. How has Sinopec Kantons Holdings's share price performed over time and what events caused price changes? Sinopec Canada is a business unit of Sinopec International Petroleum Exploration and Production Corporation (SIPC) and is indirectly owned by China Petrochemical Corporation (Sinopec Group), one of the world's largest enterprises. Company profile page for Sinopec Overseas Oil & Gas Ltd including stock price, company news, press releases, executives, board members, and contact information SINGAPORE — China’s Sinopec, expected to be the next major Chinese buyer of U.S. liquefied natural gas (LNG), is planning to review terms of a potential $16 billion supply deal with Cheniere Energy Inc after a sharp drop in LNG prices, industry officials said. Sinopec Canada has a balanced asset mix between oil, oil sands, liquids-rich natural gas and natural gas. Primatology professor Christophe Boesch of the US-based environmental organization, the Wildlife Conservation Society (WCS), criticized the use of dynamite and heavy machinery in exploration and road construction by Sinopec through park, noting that it might drive nativ… The Consumer Council has been committed to increase the information transparency of auto-fuel market in Hong Kong and encouraging the oil companies to compete directly on price and service quality. The investment bank expects the company's free cash flow, which turned positive in the first half of the year, to be sustainable. Fuel savings can be be enjoyed on any grade of fuel and will be applied on prevailing prices of fuel purchased. On the one hand, Sinopec’s crude oil production was 280,222 million barrels, a 1.4% annual drop. Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Sinopec, Asia's largest oil refiner and China's second-largest oil and gas producer, plans to increase capital expenditure to 167.2 billion … In December 2006, Sinopec acquired the assets of Shengli Petroleum, whose main asset was a maturing domestic oil field, in order to stabilize its crude inputs and raise the utilization rate of its existing refineries. Sinopec produced 1.1 trillion cubic feet of natural gas last year, up 2.3% from 2019, according to its annual report. RECRUITMENT SCAM ALERT: Phone, email and internet scammers are impersonating Sinopec in an attempt to steal your information. Since the first-quarter results were announced on Apr 28, China Petroleum & Chemical Corporation SNP, also known as Sinopec, has seen a 3.7% rally in its share price… Sinopec was ranked 3rd largest company by revenue on the Fortune Global 500 list for 2017. Sinopec, as the company is known, trimmed pump prices 10 fen, or 1.3 cents, per liter at six gasoline stations in Guangzhou more than a week ago in … Before deciding to trade forex and commodity futures, you should carefully consider your financial objectives, level of experience and risk appetite. Build your confidence and knowledge with a wealth of educational tools and online resources. From a technical point of view, China Gas (384) is gathering more upside momentum as shown on the daily chart. Source: GAIN Capital, TradingView. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary. Sinopec looks to natural gas as oil prices fall. The level at HK$27.00 might be considered as the nearest support, while the 1st and 2nd resistance are expected to be located at HK$33.40 and HK$36.70 respectively. Losses can exceed your deposits. The deal shows Sinopec trying to take advantage of current low prices and will pay at a slope of 10.19% to Brent crude on a delivered ex-ship basis. On a year-over-year basis, crude oil prices jumped 39.2% to US$98.23 per barrel, while natural gas price increased 16.1% to US$5.47 per thousand cubic feet, during the first three quarters of 2011. To visit SIPC's website CLICK HERE. Article content. Such basement prices are rare for Sinopec, officially known as China Petroleum & Chemical Corp 600028.SS, and PetroChina, the listed subsidiary of China National Petroleum Corporation. Increasing leverage increases risk. All disputes will be subjected to the final decision of SINOPEC. The Sinopec deal underlines the oversupplied market that has led suppliers to agree to lower oil-linked slopes. Petrol Type * Hints. All opinions and information contained in this report are subject to change without notice. Sinopec, expected to be the next major Chinese buyer of U.S. LNG, had been in discussions with Houston-based Cheniere Energy to sign a 20-year deal but Reuters reported in January that both companies were planning to review terms of the deal after a sharp drop in prices. 4. 5. This offer is subjected to the listed prices at SINOPEC service stations while the transaction is made. The Oil Price Watch website and mobile phone application launched by the Consumer Council provide local auto-fuel prices and related discount and promotional offers based on … See our asset opportunities and get details on an interactive map. In an earnings call on Monday, Sinopec said it booked 28.8 billion yuan worth of provisions for asset impairments, which included 8.5 billion yuan for oil and gas assets due to lower prices last year and another 11.85 billion yuan handed over to a government oil price risk fund. Learn More. By offering gasoline, diesel, kerosene, lubricants, convenient store goods and non-fuel products, these stations serve government … We’re always here to answer questions, resolve issues and ensure you get the most out of your account. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions. From a technical point of view, Sinopec's (386) recent rebound remains … Please Select * Mandatory. Sinopec produced 1.1 trillion cubic feet of natural gas last year, up 2.3% from 2019, according to its annual report. Updated at 03:49, 12 May 2021. Fuel savings can be enjoyed on any grade of petrol and diesel, and will be applied on prevailing prices of fuel purchase. Oil Company * Sinopec. Chinese investment bank CICC pointed out that OPEC's decision to gradually increase crude production and positive coronavirus vaccine development have supported oil prices, and it said investors should keep an eye on undervalued Sinopec (386). Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. The recent Budget has announced a price hike of up to 23% for petrol prices, a move to reduce the reliance on petrol-powered cars and towards greener options. (Yicai Global) Sept.12 -- Shanghai gas stations of China Petroleum & Chemical --- better known as Sinopec -- have slashed their prices. From a technical point of view, Sinopec's (386) recent rebound remains intact as shown on the daily chart. Presenting at the Macquarie DELTAH conference, Sinopec reiterated it sees $60 to $75 per barrel oil prices as a sweet spot where all businesses are quite profitable. A man stands next to a logo of Sinopec at an expo on rubber technology in Shanghai, China Sept 19, 2018. Trade the global financial markets with powerful trading tools and professional guidance. “It just shows how difficult it was for Sinopec to make a profit in oil and gas production, even as oil prices were edging toward $60 a barrel,” said Anna Yu, … China’s state-run oil and gas company, Sinopec Corporation, has awarded a 10-year tender to buy 1 million tonnes of liquefied natural gas (LNG) per year from Qatargas, according to Reuters.. China Gas will also allow Sinopec to rent and use its LPG terminals and storage facilities in order to provide support to Sinopec’s onshore LPG resources operation. Please let us know how you would like to proceed. The cost of 92 and 95 octane gasoline has dropped by CNY1.5/liter, down by as much as 23 percent, … REUTERS/Bobby Yip Integration Mitigates Business Volatility: Sinopec's integrated oil and gas operation mitigates the impact of a volatile oil price and product spread. Learn More. To visit SIPC's website CLICK HERE. Sinopec Canada is a diversified unconventional oil and natural gas company, focused on developing our asset base in Alberta and north east British Columbia. In fact, it has accelerated to the upside after breaking above a bullish falling wedge pattern, with the 20-day moving average rising further above the 50-day one. Bukit Timah Service Station. The long-awaited partnership between NIO and fossil fuel energy giant China Petrochemical Corp (Sinopec) has finally been confirmed. Join us May 25th for a Technical Analysis webinar, tailored to those looking to improve their technical knowledge. China Petroleum & Chemical Corporation Price Sinopec is the largest refining company and oil and petrochemical product supplier in China, as well as the second largest oil and gas producer in China. By … Latest Share Price and Events Stable Share Price : 934 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week. Please note that foreign exchange and other leveraged trading involves significant risk of loss. Brent crude, the benchmark price for more than half the world’s oil, has … Sinopec boasts the largest nationwide service station network, covering China's cities and countryside, on roads, expressways and waters. Sinopec is the operator of the largest shale gas field in China, Fuling, which produced more than 6 billion cubic meters of shale gas in 2017. To visit Sinopec Group's website CLICK HERE. Shell. [Photo/Agencies] Chinese oil giant Sinopec Group has completed work on the country's first "carbon-neutral" gas station, marking an important step in … China Petroleum & Chemical Corporation Price Sinopec Canada is a diversified unconventional oil and natural gas company, focused on developing our asset base in Alberta and north east British Columbia. The level at HK$3.25 may be considered as the nearest support, while the 1st and 2nd resistance are expected to be located at HK$3.84 and HK$4.12 respectively. Sinopec on Sunday posted a 42.4 per cent fall in net profit to 33.1 billion yuan (US$5 billion) for last year, on the back of lower fuel prices and reduced demand amid the Covid-19 … Presenting at the Macquarie DELTAH conference, Sinopec reiterated it sees $60 to $75 per barrel oil prices as a sweet spot where all businesses are quite profitable. Remarks. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. China Gas (384): Extending its Rally Sinopec has agreed to pay at a slope of 10.19% to Brent crude on a delivered ex-ship basis, said one of the sources. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. Energy giant plans to lift output at its mainland sites to almost double in the next five years while cutting back on crude production. REUTERS In an industry where historic LNG contracts were agreed at slopes between 14-15%, the Sinopec deal highlights the downward pressure on prices. Of this, Sinopec plans to ramp up LSFO production capacity to 10 million mt/year, while PetroChina would have the capacity to produce up to 4 million mt of IMO-compliant fuel by end-2020. "Our natural gas sales volumes and prices in 2019 were both higher year on year," the executive said, without disclosing further details. PetroChina. Sinopec added that this winter, the field is meeting fuel demand of 7 million households with the daily gas production of 3.5 million cubic meters. We’re sorry, but the service you are attempting to access is not intended for the country we've detected you are in. Contracts for Difference (CFDs) are not available for US residents. Source: GAIN Capital, TradingView. If you are a regular customer at the company’s petrol stations, you should consider getting their X Card, a membership card that gives you points (redeemable for cash rewards) from fuel purchases and additional savings on filling the tank.. Sinopec Locations – Petrol Stations in Singapore. Trade our full suite of markets like FX, indices, shares and commodities our flagship trading platforms designed for serious traders. Sinopec, expected to be the next major Chinese buyer of U.S. LNG, had been in discussions with Houston-based Cheniere Energy to sign a 20-year deal but Reuters reported in January that both companies were planning to review terms of the deal after a sharp drop in prices. Sinopec boasts the largest nationwide service station network, covering China's cities and countryside, on roads, expressways and waters. Sinopec Canada is a diversified unconventional oil and natural gas company, focused on developing our asset base in Alberta. The company’s refining business recorded daily crude oil processing volumes of 4.37 million barrels (up 3.6% year over year) and refined oil products output of 95.45 million tons (up 3.5% year … A source familiar with the talks said many items needed to be reviewed as U.S. gas prices have more than halved since 2018. The Company has a balanced mix of crude oil, liquids-rich natural gas and resource play natural gas and is a 9.03% partner in the Syncrude Oilsands Joint Venture. "Sinopec, as the world's biggest refiner by capacity coupled with its trading profile, has [more] opportunity to grow," a source close to the company said. Gain exposure to the world’s most popular financial markets including FX, CFD indices, stocks, and commodities. JPMorgan affirmed its "overweight" rating for China Gas (384), point out that the company's share price has outperformed its peers by around 4% since interim result released in late November. Along with changes in China ‘s energy mix, domestic demand for natural gas continued to grow, but the growth rate slowed due to the pandemic. In sum, oil and gas production was 459.02 million barrels of oil equivalent last year, an increase of 0.02% year-on-year. China last cut fuel prices on Nov. 16 and raised them on Feb. 25. So if Sinopec were to get in on the B.C. During the nine month period ending September 30, 2011, Sinopec’s crude oil and natural gas production upped 0.8% year over year to 303.27 million barrels of oil equivalent. You can get 24% instant savings off your fuel purchase (any fuel type) at Bukit Timah station. Find resources based on your trader personality. The Company has a balanced mix of crude oil, liquids-rich natural gas and resource play natural gas and is a … Natural gas prices in Asia fell to a record low in the ... gas (LNG) cargo ship Cygnus Passage from Russia berths at an LNG terminal operated by China Petrochemical Corporation (Sinopec … References to Forex.com or GAIN Capital refer to GAIN Capital Holdings Inc. and its subsidiaries. Sinopec (386): Rebound Intact. Sinopec has more than 30,000 gas stations, ranking second in the world. In an industry where historic LNG contracts were agreed at slopes between 14-15%, the Sinopec deal highlights the downward pressure on prices. Sinopec's retail network of over 30,000 service stations is also the largest in China, providing comprehensive nationwide coverage. liquefied natural gas game, it would essentially be turning $4 US gas into $10 US or $11 US gas. Sinopec posted its first-ever loss over a half-year as pandemic lockdowns and the oil price crash continue to weigh on oil giant earnings even as the country’s economy recovers. Please read Characteristics and Risks of Standardized Options. ... Bukit Timah Sinopec. The Sinopec deal underlines the oversupplied market that has led suppliers to agree to lower oil-linked slopes. China Energy Stocks In Focus: Sinopec (386) and China Gas (384), Characteristics and Risks of Standardized Options, Bitcoin selloff is good news for EUR/AUD and EUR/NZD longs, US open: Inflation fears return ahead of FOMC minutes, tech tumbles, Top US stocks to watch before the bell: Target, Southwest Airlines and Lowe’s. It has potentially formed a higher-low and support is provided by the 50-day moving average, which has turned upward. 6. China Gas’ board rejected Sinopec’s bid at HK$3.50 a share as “unsolicited and opportunistic,” as the share price began to climb on speculation of a bidding war. Bukit Timah 623A Bukit Timah Road Sinopec Canada has various producing and non-producing oil and gas properties and infrastructure for sale, farm out and swap opportunities. Last month, the company announced a quarterly net profit of $2.8 billion, reversing losses made during the equivalent period of last year when China’s Covid-19 outbreak forced production suspensions and a collapse in demand. Sinopec posted its first-ever loss over a half-year as pandemic lockdowns and the oil price crash continue to weigh on oil giant earnings even as the country’s economy recovers. Fuel savings of 20% for all OCBC Cards comprises (1) 18% instant fuel savings and (2) additional 2% fuel savings for OCBC Cards. SAVE YOUR SPOT, George Lam Sinopec (SNP) plans to accelerate its low-sulfur bunker fuel projects to seize a sizable market share in compliance with the IMO-2020 rule. China’s oil major Sinopec reduced its capital spending plan for 2020 and said it expected lower run rates this year because of the coronavirus outbreak, Reuters reported, citing a company VP. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. I’d like to view FOREX.com’s products and services that are most suitable to meet my trading needs. I understand that I may not eligible to apply for an account with this FOREX.com offering, but I would like to continue. Sinopec looks to natural gas as oil prices fall Sinopec Corp Chairman Wang Yupu attends a news conference on the company's annual results in Hong Kong, China March 30, 2016. Disclaimer: The information on this web site is not targeted at the general public of any particular country. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. Operational Performance. With a year-on-year decline of 35.2%, Platt’s Brent spot price for last year averaged $ 41.67 per barrel. Last month, the company announced a quarterly net profit of $2.8 billion, reversing losses made during the equivalent period of last year when China’s Covid-19 outbreak forced production suspensions and a collapse in demand. The increases can be attributable to domestic economic growth, and most importantly higher prices for petroleum and related products. 1. Sinopec produces around 1/4 as much raw crude oil as PetroChina, but produces 60% more refined products per annum. To visit Sinopec Group's website CLICK HERE. China Petroleum & Chemical Corporation (Sinopec) maintained its joint oil and gas production in 2020 compared to 2019. In 2004, Sinopec prospected for oil in the 1,550 square kilometers of Loango National Parkin southern Gabon and encountered criticism for what domestic and foreign environmental critics said were poor and damaging methods. Sinopec is charging 1.28 yuan/cm from gas from Puguang, amounting to 2.12 yuan/cm at the city gate in Shanghai (see China: 16 July 2009: Gas Prices Set for Massive Puguang Field in China's Sichuan Province).
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