* Mideast to China VLCC freight more than tripled in two weeks
* Mideast to China VLCC freight more than tripled in two weeks
SINGAPORE China's privately owned Bora Enterprise Group has started construction of a $2.5 billion petrochemicals plant in northeast China as it looks to finalize a planned joint venture with LyondellBasell Industries , company sources said.
SINGAPORE/LONDON Key oil freight rates from the Middle East to Asia rocketed as much as 28% on Friday in a global oil shipping market spooked by United States sanctions on units of Chinese giant COSCO for alleged involvement in ferrying crude out of Iran.
SINGAPORE Key oil freight rates from the Middle East to Asia jumped nearly a fifth on Friday, with the global oil shipping market spooked by fresh United States sanctions on units of Chinese giant COSCO for alleged involvement in ferrying crude out of Iran.
* Uncertainty in market over how sanctions will be implemented (Adds detail, comment from industry sources, COSCO Shipping Energy)
LONDON/SINGAPORE China's Unipec has made replacement bookings for four oil shipments from the Middle East Gulf after the United States imposed sanctions on the tanker subsidiaries of China's COSCO, three shipping sources said on Thursday.
LONDON/SINGAPORE China's Unipec has made replacement bookings for four oil shipments from the Middle East Gulf after the United States imposed sanctions on the tanker subsidiaries of China's COSCO, three shipping sources said on Thursday.
SINGAPORE, Sept 25 The trader fired by Mitsubishi Corp for allegedly losing $320 million in unauthorized bets on the price of oil denied wrongdoing in a statement issued by a lawyer on Wednesday.
SANYA, China/SINGAPORE China's national offshore producer CNOOC Ltd expects its major deepwater gas field Lingshui 17-2 in the South China Sea to start its first gas production at the end of 2021, a company executive said on Tuesday.
The Trump administration dispatched its top officials to Turkey on Wednesday for emergency talks to try to persuade Ankara to halt an assault on northern Syria, while Russian troops swept into territory abandoned by Washington in a sudden retreat.