Sinopec posted $1.2 billion in net profit for the third quarter, 52.1 percent lower than the same three-month period last year as refining margins and demand for diesel in China weakened.
One of the world's first legal challenges over corporate greenwashing kicked off in an Australian court, with an activist shareholder group claiming gas producer Santos misled investors on its climate targets.
Oil prices plummeted as tensions in the Middle East showed signs of easing, with Israeli strikes avoiding Iran's oil infrastructure, leading traders to shift focus to weak demand and anticipated oversupply next year.