PetroChina Co., the nation’s largest oil company, rose the most in almost a month in Shanghai as global crude-oil price gains boosted speculation that China may raise domestic fuel costs, analysts said.
China Petroleum & Chemical Corp. , the nation’s largest oil refiner, will increase daily oil processing to a record this month in a bid to avert diesel shortages as farmers and factories burn more of the fuel.
PetroChina Co . and China Petroleum & Chemical Corp. , the country’s biggest refiners, are bolstering diesel output as the country battles shortages that have left gas stations dry in the south and east.
Mary Schapiro, the chairwoman of the U.S. Securities and Exchange Commission, and regulators from the U.S., Europe and Asia will meet in London to discuss high- frequency trading, said two people with knowledge of the discussions.
Cnooc Ltd. , China’s biggest offshore oil producer, said first-half profit more than doubled, beating estimates, after a rebound in the nation’s economic growth spurred demand and helped drive a rally in crude prices.