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Securing America's Critical Minerals
KUNLUN ENERGY's controlling shareholder, China National Petroleum Corporation, will transfer 1.48% of the company's equity to China Petroleum & Chemical Corporation.
KUNLUN ENERGY (00135) announced that the Board of Directors has been notified by the company's controlling shareholder, China National Petroleum Corporation, to deepen the strategic cooperation between China National Petroleum Corporation and China Petroleum & Chemical Corporation, and to optimize the company's equity structure. China National Petroleum Corporation will transfer 128,370,000 shares (approximately 1.48% of the total issued share capital as of the date of this announcement) held by its indirect wholly-owned subsidiary, Fairy King Investments Ltd., to a designated wholly-owned subsidiary of China Petroleum & Chemical Corporation. After the completion of this transfer and as of the date of this announcement,
Oil Prices Decline Amid Surplus Concerns a Dollar Strength
Crude Oil Product: WTI decreased ahead of the holiday as the dollar strengthened and a key Russian oil pipeline resumed supply.
Crude Oil Product slightly declined in light trading before the holiday due to a stronger dollar, along with the resumption of supplies from the Druzhba pipeline in Russia.
U.S. Gasoline Margins Up 6.7% From Last Year Ahead of Christmas -- OPIS
CPO Futures End Higher On Rebound In Global Oil Markets