China’s Sinopec reveals $687 mln oil trading loss

China’s Sinopec reveals $687 mln oil trading loss
26 January 2018, News Wires — Sinopec Corp said its trading unit Unipec lost 4.65 billion yuan ($687 million) on crude oil hedging in the fourth quarter, one of China’s largest derivatives trading losses in nearly a decade. Asia’s top refiner, which said the loss had pulled down its fourth quarter profits, suspended Unipec President Chen … More »

No comments

More Popular Posts

About K Donald Resources Ltd

Crude Oil Brokers Ltd is a dedicated global broker and facilitator of crude oil buying and selling. We work directly with crude oil buyers and crude oil sellers worldwide. We are a United Kingdom and Nigerian based firm, privately owned and devoted to the brokering of crude oil and other petroleum products buying and selling.

We have buyers and sellers of;

1. Nigerian Bonny Light Crude Oil, BLCO

2. D2 Diesel Fuel, JP54 Jet Fuel, Mazut etc.

3. Saudi Light Crude Oil, SLCO

4. Iraqi Light Crude Oil

If you are a buyer or seller of crude oil or other petroleum products or have mandate to buy or sell any of the above oil products, do contact us because we could be of help.

To contact K Donald Resources, click here ». To learn more about K Donald Resources Ltd, click here

K Donald Resources