(Reuters) -China is building oil reserve sites at a rapid clip as part of a campaign to boost crude stockpiles that increased in urgency after Russia’s Ukraine invasion upended global energy flows and has accelerated this year, according to public data, traders and industry experts. State oil companies including Sinopec and CNOOC will add at…
Concerns about the durability of China’s growth and corporate earnings reports put Hong Kong stocks on track for their first weekly decline in nearly a month, as investors moved beyond their optimism about the outcomes of tariff talks. The Hang Seng Index retreated 0.2 per cent to 24,727.78 at the noon break on Friday. For…
From free museum visits and tram rides to discounted meals and fun runs, residents and tourists took full advantage of offers by thousands of businesses, braving the frequent showers to revel in the celebrations of the city’s 28th anniversary of its handover to Beijing. Rows of bright red national and Hong Kong flags adorned the…
* China state firms curb Russian oil imports on sanctions risks, sources say Sinopec and Zhenhua Oil halt Russian oil purchases due to sanctions concerns * PetroChina and CNOOC reduce March-loading Russian oil volumes * Independent refiners step in amid state firms’ cutbacks By Chen Aizhu and Florence Tan SINGORE, – Chinese state oil companies…