Chinese oil refining giant bleeds after Covid cuts fuel demand – Bloomberg
A China Petroleum & Chemical Corp. service station (Sinopec) in Hong Kong.
Photographer: Vivek Prakash / Bloomberg
Photographer: Vivek Prakash / Bloomberg
Sinopec recorded its first-ever loss in a semester as pandemic lockdowns and falling oil prices continue to weigh on the oil giant’s profits even as the country’s economy recovers.
- The net loss of Asia’s largest refiner was 21.7…
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