Global miner BHP Billiton said Wednesday that its U.S. shale oil business would be one of its major cash flow generators by 2020, contributing almost 3 billion U.S. dollars a year to the company by the end of the decade. BHP Billiton plans...

U.S. oil prices rose to a one-month high Tuesday as traders anticipated domestic storage data would show greater demand for crude. Oil for January delivery gained $1.17, or 1.2%, to end at $98.51 a barrel on the New York Mercantile Exchange...

U.S. oil futures traded near a six-week high on Monday, after better-than-forecast growth in Chinese exports helped ease concerns over the global economic outlook. On the New York Mercantile Exchange, light sweet crude futures for delivery...

Chinas Xianglu Petrochemicals Co. Ltd. has planned the test run of its second purified terephthalic acid (PTA) plant in the end of December 2013. Currently, the plant is under the final phase of construction and test run is planned by the e...

A push for cleaner air is driving China to become a bigger player in the global trade for liquefied natural gas (LNG). China relies on burning coal for over 65% of its electricity needs, and rapid growth means coal plants continue to prolif...

CCCC Second Harbor Engineering to build new 400 million yuan facility for transfer and storage of oil products CCCC Second Harbor Engineering Co., Ltd. has agreed a contract with Yihua Petrochemical Co., Ltd. for the planning and design of...

PetroChina Company Limited (PetroChina) announced on Thursday that it had acquired a 25 percent interest in the Technical Service Contract (TSC) for the West Qurna-1 (WQ1) oil field in Iraq. PetroChina made formal delivery for the acquisiti...

Chinese company demand for offshore assets wavered slightly in the first half of the year due to the countrys protracted political transition and its tight banking conditions but it is now beginning to pick up again. There was a lot of wait...

Asias top refiner Sinopec has resumed unloading of crude oil at the Qingdao port in eastern China, four days after deadly pipeline explosions disrupted operations, a trade source said and shipping data showed on Tuesday. New Success, a very...

China , the worlds biggest energy consumer, is pushing ahead with plans to introduce crude oil futures trading as early as possible, the Xinhua News Agency reported, citing the chairman of the Shanghai Futures Exchange . The bourse on Frida...