The big question for oil markets in the second half of 2012 is whether China will continue building its stockpiles at the same unprecedented rate of the past six months. China, the worlds second-largest crude user, imported over 600,000 bar...

On July 19 and 20, the fifth Forum of China-Africa Cooperation (FOCAC) will be held in Beijing. The forum is set to follow the 2nd China-Africa Peoples Forum, which recently took place in Suzhou, and the 7th Lanting Forum, organized by the...

Unconventional energy source is proving to be attractive outside the sector as well. With China having put shale gas near the top of the government agenda for energy security concerns, the scramble for this game-changing unconventional gas...

Chinas implied oil demand fell 0.4 percent in June from a year earlier, contracting for the second time in three months as refineries scaled back production to trim bulging stockpiles. The worlds second-largest oil user burned 8.96 million...

The Financial Times reported on July 13 that the Chinese National Offshore Oil Corp (CNOOC) had signed a deal with Somali President Abdullahi Yusuf to explore the northern Puntland region for oil. The initial agreement was signed in May, an...

Wartsila is to supply the main engines for two environmentally sustainable tugs being built for CNOOC Energy Technology Services Limited (CETS), a subsidiary of the state-owned China National Offshore Oil Corp. (CNOOC). The vessels are the...

China National Petroleum Corp., the nations biggest oil company, expects economic growth to slow in the second half, keeping prices depressed. Costs will be controlled and steps will be taken to improve fund-raising to cope with the situati...

Chinas state-owned Sinopec and gas distribution company ENN Energy have extended the offer date for China Gas Holdings by a month to August 6, the companies said late Friday in filings to the Hong Kong stock exchange. The duo are staging a...

Oil prices tumbled Tuesday on further signs of an economic slowdown in China and after the government of Norway intervened to end a strike that threatened North Sea oil production. Benchmark U.S. crude fell by $2.08, or 2.4 percent, to fini...

A Chinese firm will invest 20 billion dollars in the development of Irans Azadegan and Yadavaran oil fields, Oil Minister Rostam Qassemi said. Qassemi, who was visiting Irans Pertropars Company on Sunday said, After 10 to 15 years of negoti...