China has started allocating naphtha import quotas to key importers in the first batch of allowances for 2026 and the volumes are expected to be steady from this year, three trade sources familiar with the matter said on Wednesday. State-owned Sinopec 600028 and CNOOC...

Read More

As Samsung Heavy Industries achieved its best performance in 11 years this year, a labor-management conflict over the size and calculation standards of year-end bonuses is spreading to concerns about production disruptions. The Target Achievement Incentive (TAI) paid...

Read More

HD Hyundai Chair Chung Ki-sun highlighted record growth in 2025 and urged the group to accelerate innovation and execution amid intensifying global competition and rising protectionism, in his New Year’s address Wednesday. Chung said the group reached a market...

Read More

Venezuela’s state-run oil company PDVSA has started filling tankers with crude and fuel oil and keeping them in Venezuelan waters, as inventories have mounted due to the U.S. seizing Venezuela-linked ships at sea, according to company documents and shipping data. This...

Read More

Introduction Project cargoes come in many shapes and forms and can be complex, high value cargo consignments (including large and heavy break-bulk shipments), that could be of a non-standard dimensions, shape and/or weight distribution. Examples include power...

Read More

At least one major Chinese independent refiner has received its second batch of 2026 government quotas for crude oil imports, two people with direct knowledge of the matter said on Tuesday, as more refiners expect to be notified about their allocations soon. The...

Read More