Tuesday, July 7, 2026
China

Chinese Oil Majors Hit Hard by Price Downturn

Sinopec announces FY 2014 results China’s Oil major Sinopec (ticker: SNP) released its full-year 2014 results over the weekend, showing lower revenues despite continued growth in production. According to the company’s release, this was due to the dramatic fall in oil prices seen in the second half of 2014. In accordance with the International Financial Reporting Standards (IFRS) 2014, the

Sunoco LP and Energy Transfer Partners Announce $816 Million Dropdown

Sunoco will purchase an interest in Energy Transfer Partners fuel distribution business Sunoco LP (ticker: SUN) and Energy Transfer Partners LP (ticker: ETP) announced today the second dropdown of a portion of ETP’s retail business to SUN, according to a company press release. SUN has agreed to acquire from ETP Retail Holdings, an affiliate of ETP, a 31.58% equity interest