Oil & Gas Refining and Marketing
Shell:Shell and Pennzoil will continue to be preferred supplier of fuels, lubricants and related products to Penske organization.
Calumet Specialty Products Partners Lp
Brightoil Petroleum Holdings Ltd <0933.HK> : HY revenue hk$31.26 billion versus hk$21.65 billion . HY profit for the period hk$412 million versus loss of hk$523 million . Board does not recommend the payment of an interim dividend for the six months ended 31 december 2016 . Looking ahead to second half year of fy2017 and near future, all upstream projects will achieve considerable increase in production . Looking ahead to second half year of fy2017, profits are expected to grow further due to oil price recovery and continued sales increase . "Group's six bunker barges are expected to operate with improved utilization and efficiency" . "Looking into second half year of fy2017, average TCE of our VLCC's is expected to rise" ."Our e-commerce platform is expected to face challenges when they enter market".