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China’s oil refiners rush to cash in on bumper profits

BEIJING / Reuters Chinese oil refiners are churning out record amounts of fuel in the last quarter of 2017, looking to cash in on the best refining profits in nearly two years after a rally in diesel and gasoline prices. Officials at five state-owned oil processors said they are refining and shipping as much product as possible after receiving generous ...

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Chinese solar maker Longi mulls US plant as tariffs loom

Bloomberg Longi Green Energy Technology Co., a Chinese solar manufacturer, is considering opening a US factory, a decision that may hinge upon the looming threat of import tariffs. Longi began evaluating the move before a US trade case was filed in April seeking tariffs to protect domestic manufacturers, Archie Flores, general manager of the Xian, China-based company’s US unit, said ...

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US to account for 80% of world oil output growth in next 10 years

BONN / Reuters The United States is expected to account for more than 80 percent of global oil production growth in the next 10 years and it will produce 30 percent more gas than Russia by that time, he International Energy Agency (IEA) said. “This has implications on the oil markets, prices, trade flows, investment trends and the geopolitics of ...

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