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1. Oil refiners and airlines rose across the board as world crude prices dropped more than US $ 2 overnight to nearly US $ 118.

2. The refiner imported the 70 percent of crude it needed for its oil refining business last year.

3. Sinopec imported 70 percent of the crude needed for its oil refining business last year.

4. China currently levies taxes on coal, gas and crude oil extraction by volume.

5. The jump in wholesale prices was largely fuelled by crude oil, coal and other raw materials.

6. Its crude oil refining capacity tops 4 million tons a year and the company is seeing record net profits and cash flow.

7. Asia's largest refiner Sinopec said it would further cut its capital expenditure as high crude oil prices erode earnings.

8. Experts say the main targets of carbon taxes will be large users of coal, crude oil and natural gas.

9. The actual supply and demand of crude oil remains balanced despite dramatic changes in price.

10. This kept oil prices lower after data showing strong US chain store sales caused crude futures to retrace earlier losses.