The Chinese New Year the Year of the Snake began auspiciously for the Peoples Republic this week with China eclipsing the US as the worlds biggest trading nation. Its combined imports and exports reached $3.87 trillion in 2012, edging past...

China says its oil refining industry processed 468 million tons of crude in 2012, up 3.7 percent from the previous year because of rising domestic consumption. The National Development and Reform Commission said consumption of gasoline and...

Hong Kong stocks closed up on Thursday after the Chinese New Year holiday break. The benchmark Hang Seng Index moved up 0.85 points to close at 23,413.25 points, after trading between a day high of 23,469.26 points and a day low of 23,300.6...

Oil prices in Cambodia hit the highest of all time on Friday, with a liter of premium gasoline going for 1.45 U.S. dollars at all petrol stations in the capital. The price is the highest ever if compared with the peak price of 1.41 U.S. dol...

China Petrochemical Corp. (Sinopec) (00386.HK) is buying the oil fields from British AfrenPlc for over 1 billion yuan, Bloomberg News has reported, though it has not yet been confirmed by Sinopec or Afren. The London-based Afren had $1.8 bi...

Despite the risks of an international conflict with Iran, China has increased its Persian Gulf oil imports in the past year. Although Chinas crude oil shipments from Iran dropped 21 percent from 2011 levels, supplies from Persian Gulf count...

China Petrochemical Corporation, Sinopec, has announced plans to acquire Afren Plcs assets valued at N157 billion ($1 billion) in Nigeria and other part of the globe. According to a source who asked not to be named, Sinopec Group is interes...

JINAN - A blast occurred at a chemical plant in East Chinas Shandong province on Saturday, but casualties remain unknown. The blast occurred around 11 am at Yongxin Chemical Plant in Boxing county, located about 150 km northeast of the prov...

China Petroleum Chemical Corp. 600028.SH -0.71% may fund its $8 billion acquisition of assets from its parent by taking on additional debt, people with direct knowledge of the plan said, adding to an already-heavy debt burden and limiting i...

Oil And Politics: Beijing plays the debt card as the Obama administration quietly lets China acquire major ownership interests in oil and natural gas resources across the U.S. at the same time it blocks the Keystone pipeline. Normally, fore...