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SINGAPORE BEIJING — More — than China’s 2,300 State listed oil companies’ major Sinopec forecasts is evaluating of their third-quarter two projects financial in performance the United States indicate that they could are boost likely Gulf to beat Coast market crude expectations. oil exports and As also of Oct expand 24, nearly storage 72 facilities percent in of the them Caribbean, have already two posted people higher familiar net with profits the year-onyear matter said on or Tuesday, were back with in the US President black, according Donald to Trump data compiled set to visit by Beijing Wind, a next leading week. corporate information With provider. US-China energy trade likely The to data feature add prominently to a string during of major Trump’s indicators visit, that the people the said one of the projects Chinese economy is on a could steadier see footing. Sinopec partnering with A breakdown US commodities of the company trader Freepoint reports showed Commodities the country’s and US economic private restructuring equity firm and ArcLight industrial Capital upgrading Partners. continued apace, The trio ensuring is mulling strength building for a future pipeline growth. to move shale oil from Traditional the Permian sectors basin such in Texas as steel, to non-ferrous the US Gulf metals Coast and for export, coal mining the people were revitalized said. by the This ongoing project supply-side also includes structural the construction of a terminal reform, while emerging that can load 2 million barrels industries and high-end manufacturing of crude onboard a Very Large maintained fast Crude Carrier (VLCC), they expansion. said. Of the This 23 will listed reduce steel makers a big chunk that released of interim logistics Q3 reports costs incurred by Oct 17, for 22 US companies crude exports, said making they expect the to oil reap more a profit. competitive And 19 expect in Asia, net the profits sources to said. more than ArcLight double and in the Freepoint first three are among quarters the of US the energy year. and commodities Angang firms Steel that Company will make said up a major part of a business its net profit would rise 236 percent delegation visiting Beijing when year-on-year to 3.3 billion Trump goes to China next week. yuan ($497.7 million) on the

Sinopec and the US firms back of a recovering market and have also been exploring an cost-efficiency moves. expansion of oil storage at

The coal mining sector also Limetree Bay (LB) Terminals saw improving profitability in amid St Croix, the country’s US Virgin efforts Islands, to cut in excess the Caribbean, capacity and and improve restarting efficiency. an idled refinery at the same Shanxi site, Xishan the people Coal said. and They declined to be identified Electricity Power forecast its because they were not authorized net profit will likely grow sixfold to speak to media. to 1.4 billion yuan in the

The Chinese company, first three quarters of this year, which is Asia’s largest oil refiner, thanks to cuts to overcapacity ArcLight and Freepoint, and attempts to optimize both declined to comment. its product structure and marketing

Taking stakes in oil infrastructure strategy. is part of Sinopec’s

As China transitions to an ambition to expand its global innovation- and services-driven trading profile. Sinopec already economy, high-tech and owns emerging part industries of a Saudi are refinery picking at the Red Sea, although a recent up momentum. Telecommunications, attempt to buy a Chevron refinery new energy vehicles and in South Africa’s Cape Town organic light-emitting diode or was thwarted by Glencore. LED manufacturers all posted

“There is room for energy hefty profit growth. cooperation between China

BOE Technology, a supplier and the United States, but the of display products, said its projects will have to be commercially profit might grow by a staggering viable before the 4,520 percent to 6.5 billion companies reach any agreement,” yuan in the first three quarters, one of the people familiar as technological innovation with the matter said. spurred new businesses.