Executives at listed energy giant said the anti-pandemic measures have led to higher product inventory compared with the start of the year

CNOOC is the country's largest importer of the fuel and among state-owned companies leading a drive to expand capacity to meet rising import needs

The secretive deals put the spotlight on how importers keep off established routes to buy Russian oil at cheap rates

Beijing's acquiescence - or possible fear of secondary sanctions - is a welcome development in the tense Washington-Beijing relationship, an official said

Beginning in August 2021, several Covid-19 outbreaks in China led to mobility restrictions, which in turn reduced domestic demand for petroleum products

The setback came as Sinopec reported an overall 25% rise in net income for the three-month period, a level last seen in the third quarter of 2020

Keppel Offshore & Marine, one of the world's largest offshore oil rig builders, and Sembcorp Marine have suffered from a prolonged and severe sector downturn

New law restricts firms from releasing real-time data, which is a big concern for trading companies and logistics managers trying to follow supply chain movements

The company offers delivery to several inland destinations, including Chengdu, Chongqing, Linyi, Yiwu, Shengyang, Suzhou and Shijiazhuang

The London-listed company is in joint talks with Chinese state-run oil companies CNOOC, CNPC and Sinopec over its 27.5% holding

The order will not apply to companies with approved foreign investments, firms in special economic zones, UN agencies, embassies, INGOs and state airlines

Chinese oil giant CNOOC surged 44% in its Shanghai debut on Thursday, after raising 28.08 billion yuan ($4.41 billion) in a public stock offering