Sinopec Posts 19% Profit Jump Amid Supply Crisis and Weak Demand
China's largest refiner navigated Middle East disruptions and falling domestic fuel consumption to deliver unexpected earnings growth in the first half of 2026
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China's largest refiner navigated Middle East disruptions and falling domestic fuel consumption to deliver unexpected earnings growth in the first half of 2026

Vietnam's largest oil refinery adds 12.5% storage capacity as the country strengthens its energy security amid regional supply pressures

The Philippines' sole refiner posted P3.8 billion in first-half profit, squeezed by crude prices that hit $129 per barrel in March

Canberra and Western Australia will fund a feasibility study for the nation's first new crude processing facility since the 1960s, aiming to reduce reliance on foreign fuel amid regional supply shocks.

Refinery output has dropped by 5 million barrels daily amid Hormuz Strait closures, pushing diesel and gasoline inventories to multi-year lows across Asia and beyond.