Chinas imports of key commodities in May confounded expectations of a fall, with crude oil shipments at a record high and both copper and iron ore imports unexpectedly rising more than 10 percent from a month ago, data showed on Sunday. Sti...

With the prospect of tough US economic sanctions for not cutting back on Iranian oil imports looming large over China, the Washington continues to hold talks with Beijing on the issue. We have had discussions with China. We continue to have...

Crude oil futures posted sharp gains during European morning trade on Monday, as market sentiment improved after Spain sought a bailout for its troubled banking sector over the weekend. Appetite for riskier assets found further support afte...

Foreign Ministry spokesman Liu Weimin told a daily press briefing that the current climate change problems have been caused by developed countries in their long history of economic development. The high amount of carbon emissions in develop...

Sinopec plans to transit a total of 550,000 tonnes of gasoline and gasoil to southwest Chinas Guangxi, Guizhou and Yunnan through the Southwest Oil Product Pipeline in June, down by 8.3% from May, a company source said. Gasoline supply is a...

Gazprom (GAZP.MM) has proposed swapping production assets with China under a long-term deal to ship Russian gas to the worlds fastest-growing energy consumer, which has been stalled over disagreements on price, Russias energy minister said...

Turkmenistan has transported more than 30 billion cubic meters of natural gas to China in more than 900 days using the Central Asia-China Pipeline, an amount making up a fifth of the gas China used last year. Of the 30 bcm, about 10.7 bcm c...

Liquefied natural gas tankers, the most expensive type of vessel, have avoided a slump in new ship prices because of rising Asian gas demand and limited competition from Chinese shipbuilders. Prices for tankers able to hold 160,000 cubic me...

State-owned China National Offshore Oil Corp. (CNOOC) may sign an agreement with Philex Mining Corp., Philippines biggest mining company, to jointly develop the Liyue Bank, or Reed Tablemount, in the South China Sea, the Manila Standard Tod...

China is looking at a stake in one of Russias top oil companies TNK BP. This is after British shareholder BP opened up a bid for its key energy asset in Russia, saying it was ready to quit the consortium and sell its stake. Chinas two bigge...