16 Oct 2025
Among those blacklisted is Shandong Yulong Petrochemical Company, one of China’s largest independent refiners and petrochemical producer
Oil prices extended losses on Wednesday, slipping to their lowest in five months as escalating US-China trade tensions and mounting supply concerns weighed on sentiment.
The agreement, formalised on 9 October 2025 in George Town, Penang, grants Toling Corporation exclusive distribution rights for Polymateria’s technology in Malaysia.
Weaker US import volumes—now estimated at their lowest since mid-2023 following earlier frontloading linked to trade war uncertainty—have combined with expanding vessel capacity to exert tremendous downward pressure on freight prices.
The 2601 for January 2026 delivery contract on Dalian Commodity Exchange on 16 October 2025 settled as follows:
15 Oct 2025
The IEA said in its latest report that the world oil market could face a surplus of up to 4 million barrels per day next year as producers within and outside OPEC+ ramp up output amid sluggish demand growth.
The 2601 for January 2026 delivery contract on Dalian Commodity Exchange on 15 October 2025 settled as follows:
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