Canadian heavy oil explorer Ivanhoe Energy has agreed to sell its Chinese subsidiary Pan-China Resources to Hong Kong explorer MIE for $45 million cash. Hong Kong-listed MIE, which holds assets in China, the United States and Kazakhstan, wi...

European reformate prices have dropped sharply as the Europe-China reformate arbitrage route has closed following a drop in domestic gasoline prices in China, sources said this week. Last week, the Chinese government decreased domestic gaso...

Crude prices rose as U.S. crude inventories fell last week and positive data boosted optimism about U.S. economy, despite the announcement of cease-fire between Israel and Hamas. Crude prices got boosted as the U.S. Energy Information Admin...

Longwei recently completed plant upgrades at its Gujiao facility to include new coatings for its large storage tanks and scheduled maintenance and upgrades. The Gujiao facility has a storage capacity of 70,000 metric tons. Since commencing...

Canada is a weak player in the global energy game and needs to improve its performance by selling more oil to China and Asia, warns one of Prime Minister Stephen Harpers most trusted former cabinet ministers. For Canada, that is obviously w...

Jim Cramer, arguably the most famous American financial commentator, has been bearish on China and Chinese stocks for many years and finally turned bullish on the (FXI) China ETF. To play it, Cramer doesnt recommend investing directly in in...

China will import about 60 percent of the 500 million metric tons of oil it uses next year, the state-owned China Daily reported on Friday, citing government officials. The countrys use of crude oil will continue to increase in the coming y...

CGGVeritas has successfully conducted the first 3D BroadSeis marine surveys to be recorded offshore China. The deepwater surveys of two areas offshore Shenzhen in the east of the South China Sea were awarded to CGGVeritas by Chinese seismic...

India wants to emulate the methodology China has adopted in developing a pool of scholars with academic and technical expertise in shale gas exploitation by engaging with US industry and academia. Our consul general in Houston has brought t...

China Petrochemical Corp. (Sinopec) is in talks with Frances Total SA to buy its onshore oil fields in Nigeria, a source close to Total says. A Sinopec spokesperson said the company had no information to release. Sinopec, one of Chinas Big...