Chinese automakers perform poorly in 2011
Profit slumps blamed on weak domestic demand and market saturation
Profit slumps blamed on weak domestic demand and market saturation
Sinopec and PetroChina to buy increased Libyan crude output
Private equity giant buys stake in Chinese lubes additive manufacturer.
Sinopec is set to buy upstream and gas assets from China Petrochemical Corporation.
VW may be forced to recall vehicles fitted with its DSG gearbox following public pressure
China's analysts are taking a long, comparative look at growth predictions against reality as China's economy starts to slow, the drive for quality lubes continues but domestic automakers fail to perform.
Two new reports show significant growth in global oil consumption and specific US demand for synthetic lubes and functional fluids.
BP delivered a strong finish to 2011 and is set to sell Global LPG bottling assets and US natural gas processing operations in Kansas.
A Japanese traveller on a round-the-world trip wins the sympathy of social media users to recover his bike.
Two major suppliers to the Chinese vehicle market have set ambitious targets for the year.