Petroleum

Global oil supply is projected to outpace demand through next year, with the IEA warning the surplus could swell to 4.09 million barrels per day by 2026 amid rising production and weakening demand growth.

In October, China's petroleum and chemical industry prosperity index rose to 99.79, up 0.84 points month-on-month, signaling continued recovery momentum.

Global oil giants posted mixed Q3 2025 results, with overall revenues dipping amid weaker oil prices while net profits rose year-on-year despite divergent individual performances.

China's 'Three Barrels of Oil' - CNPC, CNOOC and SINOPEC - reported a combined net profit of RMB 258.25 billion for the first three quarters of 2025.

China’s Ministry of Industry and Information Technology and six other agencies have launched a 2025-2026 action plan to boost the petrochemical sector, targeting an average annual industrial output growth of over 5%.

Over the past two years, the Guangdong Petrochemical Integration Project has driven a 4.7-fold surge in eastern Guangdong’s green petrochemical output, propelling Jieyang toward a trillion-yuan industrial cluster.

China National Petroleum Corporation's Guangxi Petrochemical 400,000-ton-per-year polypropylene facility recently achieved successful first-time startup in Guangxi Province.

ADIPEC 2025 will unite over 205,000 global energy leaders in Abu Dhabi to explore how innovation, collaboration, and digital intelligence are transforming the future of energy.

Amid global energy shifts and 'dual carbon' goals, China's petrochemical sector pivots from scale growth to quality excellence. This strategic transformation prioritizes sustainable value over volume.

BASF hits key milestones at Zhanjiang with new plant start-up and ethylene complex completion. This solid progress keeps the site on track for full 2025 operations.

In the global wave of green energy transition, China's oil giants are accelerating their transformation into integrated energy suppliers encompassing petroleum, natural gas and clean energy.

Asia's aviation industry is boosting SAF production, but faces growth constraints from fragmented policies, infrastructure gaps, and high feedstock costs.

The 22nd China International Chemical Industry Expo will be held in Shanghai from September 17th to 19th, 2025. Cutting-edge innovation achievements and major strategic progress in the fields of energy, petrochemicals and chemistry will be showcased.

The Huizhou Petrochemical Expo is co-hosted by the Guangdong Petroleum and Chemical Industry Association and the Huizhou Petroleum and Chemical Industry Association.