China Petroleum & Chemical Corporation

15 days ago · reuters.com

China's oil demand is expected to fall ​by 600,000 barrels a day in 2026, ‌or 8.9% from the previous year, marking a third straight annual decline as high oil prices curbed ​consumption and electric vehicle adoption accelerated, according ​to Sinopec's research arm.

1 month ago · reuters.com

Hou Qijun has set out to transform Sinopec, the world's largest refiner, as it faces dwindling fuel demand, overcapacity in petrochemicals and the world's worst oil ​crisis, when he could be coasting into retirement like other Chinese state executives.

1 month ago · reuters.com

Chinese refiner Sinopec will increase the sourcing of its oil from Brazil, Africa and beyond ​to contend with supply disruptions caused by Middle East conflict, company ‌executives said on Monday after reporting interim results on Sunday.

1 month ago · reuters.com

China's Sinopec reported an unexpected 19.3% year-on-year increase in ​net profit for the first half of 2026, despite a litany of issues including the Middle East conflict and ‌falling demand for fuel domestically, but said it had to write down its inventories by 16 billion yuan.

2 months ago · reuters.com

Sinopec is launching a major internal restructuring, setting up ​new business units and relocating hundreds of staff, as the world's biggest refiner seeks to lift profits ‌amid flagging Chinese oil and petrochemicals demand, company officials said.

2 months ago · reuters.com

China's Sinopec said it had completed the restructuring of China National Aviation Fuel (CNAF), the country's dominant jet fuel distributor, ​according to a company statement on July 10.

3 months ago · globenewswire.com

TASHKENT, Uzbekistan, June 24, 2026 (GLOBE NEWSWIRE) -- During the 5th Tashkent International Investment Forum, Allied Biofuels signed a FEED + Detailed Engineering Contract with rollover to EPC with Sinopec Engineering Group Co., Ltd., for its landmark SAF and e-SAF Project in Uzbekistan.