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- Lohud | The Journal News
When will gas prices in New York stop rising? Find out why and when will they stop?
Here's a look at how weekly regional gas prices changed in New York last week compared with the week prior.
- Reuters
Exclusive-China's Sinopec charts global expansion with refinery in rival India's backyard
Chinese state energy giant Sinopec is pushing for greater access to Sri Lanka's market, where rival India is also seeking to expand its presence, as it looks to build its first fully-controlled overseas refinery, reflecting a change in the firm's global strategy to compensate for slowing demand growth at home. Sinopec, the world's largest oil refiner, is expected to complete a feasibility study by June for a plant at the Chinese-run Hambantota port, after winning Colombo's approval last November, two senior industry sources with direct knowledge of the matter told Reuters. While the China-based sources say the investment, which Colombo pegged at $4.5 billion as the country's largest-ever foreign investment, is commercially driven, neighbouring India is pushing a rival plan to build a fuel products pipeline to the island nation southeast of the subcontinent.
