Russian President Vladimir Putin obviously thinks that preventing Ukraine from moving closer to the West is a strategic interest and one that is important enough to risk international condemnation. Seizing Crimea has led to negative interna...

Royal Dutch Shell and the China National Petroleum Corp (CNPC) have joined forces to strengthen cooperation in exploration, LNG and unconventional gas resources. The two companies had agreed to join forces in the development of both upstrea...

A deal between Chinas top refiner Sinopec Corp and Phillips 66 could be a game changer that signals the United States is on track to become one of the top suppliers of liquefied petroleum gas (LPG) to the worlds second-biggest economy. Chin...

Irans oil minister said on Monday that his country will increase its crude oil output despite the US-led sanctions against the countrys energy sector. Iran has an extensive plan to bolster its oil production capacity, Bijan Namdar Zanganeh...

Global oil giant BP on Wednesday announced it will close one of its two Australian refineries with the loss of 355 jobs, citing growing competition from Asia. The Bulwer Island refinery, near Brisbane, had moved to producing low sulfur fuel...

The Shell Petroleum Development Company (SPDC) in Nigeria blames the incessant oil spills in the Niger Delta region to the activities of oil thieves. The companys spokesperson Joseph Obari told newsmen in Yenagoa in the Niger Delta state of...

Sinopec Corp, Chinas No.2 oil and gas producer, aims to start pumping from the Yuanba sour gas field in the countrys southwest by the end of 2014 using its own technology, according to its parent companys website and industry officials. Chi...

Chinas Sinopec is planning to develop a production capacity of 10 billion cubic meters per year by 2017 at the Fuling shale gas field, making it the countrys first commercial shale gas project. Sinopec (the state-run China Petroleum and Che...

In September 2013, Chinas net imports of petroleum and other liquids exceeded those of the US on a monthly basis, making it the worlds largest net importer of crude oil and other liquids, according to the US Energy Information Administratio...

U.S. oil futures inched higher on Monday, as investors continued to monitor developments in the Ukraine-Russia conflict amid concerns over a disruption to supplies. On the New York Mercantile Exchange, West Texas Intermediate crude oil for...