Rising prices of key products buoyed earnings in an industry plagued by overcapacity.
Written by Nikkei Asia
Published on
20 Apr 2026
3 mins read
Hengyi Petrochemical, a major Chinese non-state manufacturer of oil products, reported a nearly 40-fold jump in profit for the first quarter, citing the sharp rise in prices triggered by the Iran war and effective closure of the Strait of Hormuz.
Fuel-processing sector pivots to profit while tech gains shield margins from modest revenue growth, highlighting an…
Rising global oil prices have begun seeping into the domestic economy, squeezing margins for manufacturers dependent on imported…
The energy giant's profits jump by nearly a quarter as it benefits from the recent volatility in the oil price
China has cushioned the worst of the energy shock through its strategic oil stockpiles and a diversified mix of renewable energy…
The producer price index rose by 0.5 per cent in March, the first increase since 2022, as soaring global commodity prices…
Aramco says its East-West pipeline has helped to mitigate the energy shock caused by the Iran war.
