China Oil

The Latest

  • China's Sinopec Group Halts Oil Projects In Russia
    STOP OPERATIONS
    China is one of the biggest consumers of Russian oil and gas.
  • CNOOC Reports Decrease In Revenues For First Quarter
    China National Offshore Oil Corporation
    CNOOC's revenues dropped by 2.83 billion yuan to 41.58 billion yuan during the first quarter of the year.
  • China State-Owned Oil Giants Expected To Cut Production Amid Oil Price Dip
    Global Oil Industry
    PetroChina and Sinopec are expected to cut production by as much as 2 to 3 percent to offset possible losses due to the global oil price slump.
  • China's Crude Oil Imports Seen To Be Weaker This Month
    CHINA OIL
    Saudi Arabia expected to reduce its crude exports to China by around half million barrels per day, this month
  • China Will Now Allow Foreign Energy Players To Explore, Export Its Oil And Gas
    OIL EXPLORATION
    Long-awaited opening comes alongside China's revival of its so-called mid-stream pipeline industry
  • Chinese, Philippine Officials To Renew Talks On Stalled Oil, Gas Project
    FLASHPOINT
    Sealing stalled oil and gas venture at South China Sea is new Chinese envoy to the Philippines' main goals
  • China Launches New Exchange To Make Sales Of Energy Products Easier
    CHINESE REFINERY
    China hopes the new international exchange will rival the NYSE in online trading of crude oil
  • Chinese Buyers Seek 'Spike Pricing', Keep Oil Refiners Jittery
    CHINA OIL
    China's big oil players like PetroChina Co. and Sinopec are working the teapots 24-7 in Beijing
  • Massive Reserves In Gangsu Oil Field To Lessen Reliance On Imports
    China Oil Imports
    The discovery of the 1 billion tons of oil from shale oil resources in PetroChina's Qingcheng oil field is expected to help the country lessen its dependence on imports.
  • Sinopec To Reduce Refining Operations Due To Surge In Freight Rates
    Sinopec Corp
    Sinopec will reportedly cut its operations in November as a result of the sharp increase in the cost of chartering a supertanker from West Africa to China.
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