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China Evergrande Group: Pressure piles on China Evergrande with report chairman under police surveillance

The chairman of China Evergrande Group, Hui Ka Yan, has reportedly been placed under police surveillance, adding to the pressure on the troubled developer. The move does not indicate formal detention or arrest, and it is unclear why Hui has been placed under surveillance. Evergrande, the most indebted property developer globally, is at the center of a crisis in China s property sector, with a string of debt defaults. ....

Hui Ka Yan , China Evergrande Group , Bloomberg News , Hengda Real , Country Garden , Hengda Real Estate ,

China to surpass US as world's top refiner in 2022 with 18.8 mil b/d capacity: ETRI

China’s refining capacity is expected to hit 937 million mt/year, or 18.81 million b/d, overtaking the US to become the world’s top refiner in 2022, the country’s oil giant CNPC’s Economics & Technology Research Institute said on April 12. At the same time, the refining sector is facing the headwind of high feedstock prices amid . ....

Yu Jiao , Amurskaya Oblast , Wang Jing , Economics Technology Research Institute , China Passenger Car Association , Chengda New Energy , Sinopec Economics Development Research Institute , Technology Research Institute , Guangdong Petrochemical , Sinopec Hainan Petrochemical , Haike Petrochemical , Yulong Petrochemical , Development Research Institute , State Council , China Passenger Car ,

China independent refiners' Russian crude imports set to fall further from Feb lows

The appetite for Russian crude among China’s independent refiners fell to a nine-month low in February due to lower runs amid festive holidays and the Winter Olympics, while shipping risks and price volatility arising from Russia’s invasion of Ukraine may drive down inflows further in March. Russian crude imports by the independent refiners fell 43% . ....

Amurskaya Oblast , Saudi Arabia , Zhejiang Petroleum Chemical , Iranian National Oil Company , Chengda New Energy , Winter Olympics , Lijin Petrochemical , Kenli Petrochemical , Huaxing Petrochemical , Changyi Petrochemical , Zhejiang Petroleum ,