Another rough day for investors this Monday. As it became clear that the American House of Representatives would reject the authorization law for the executive’s $700 billion financial sector bailout plan, commodities began to tank. Oil futures shed more than $10 of their value during the day, dropping to $96.37 per barrel.
Continue reading "Benchmark: Troubled waters"
Monday, September 8, 2008
A special report by Fitch highlighted the squeeze in margins faced by some Asian downstream oil and gas companies such as Indian Oil Corporation and Sinopec. Steve Durose, Regional Co-Head of Fitch’s Asia-Pacific energy and utilities team, said: The financial performance of Indian Oil Corporation, Sinopec and CPC Corporation, has suffered significantly over the last two years [...]
Continue reading "Oil price harming margins of Asian downstream cos"
Monday, August 25, 2008
China Petroleum & Chemical Corporation reported its interim results for the six months ended 30 June, 2008. For full results, click here
Continue reading "Sinopec announces interim results"
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Monday, September 29, 2008