PTT Global Chemical, Thailands largest petrochemical producer by revenue, is looking into building a new plant in China to take advantage of strong demand there. A feasibility study will be completed by the end of the year, PTT Global CEO A...

CHINA may cut prices for refined oil products on Friday amid global oil price drops and lackluster performances by the countrys oil refiners, analysts say. Forecasts showed that the moving weighted average price of Brent, Dubai and Cinta cr...

AS gas losses of Chinese energy companies continue to increase along with rising imports, the urgency of natural gas pricing reform grows. But analysts and industry officials said long-expected reforms might take longer than the market anti...

South Chinas crude throughout in the first nine months of 2012 rose by 7.5% year on year, higher than the other Chinese regions, according to data released by the National Bureau of Statistics (NBS). The rise was mainly boosted by the start...

State-owned companies lack incentives to develop domestic oil and natural gas fields amid increasing extraction difficulties, according to the China Petroleum and Chemical Industry Federation (CPCIF). The return of existing domestic oil and...

A recent referendum in Southern Sudan laid the foundation for a new nation and officially ended a 50-year civil war. But it also left major oil companies with assets in the region, including China National Petroleum Corp. (CNPC), in a state...

Exoma Energy (ASX:EXE) has got the Queensland governments indicative approval to sell a 10% stake in its five Galilee Basin permits to Chinas CNOOC. With the government nod, the deal has already received two regulatory approvals including t...

Crude oil prices rose in Asia today with a pick-up in Chinas services industry providing support ahead of Beijings leadership transition and the US presidential election, analysts said. New Yorks main contract, light sweet crude for deliver...

Chinese refiner West Pacific Petrochemical Corp., or Wepec, has sold it first gasoil cargo for 2012 -- a 0.2% sulfur gasoil parcel for H1 November loading at a discount of 40-50 cents/barrel to Mean of Platts Gasoil assessment to PetroChina...

A subsidiary of oil refining giant China Petrochemical Corp. (Sinopec) has signed an agreement with Russias largest petrochemicals company, Sibur, to buy a stake in a rubber plant. Sinopec International (Hong Kong) Co. will buy 25 percent p...