China plans to speed up exploration of shale gas by asking companies, including PetroChina Co, to invest three times the minimum amount sought for crude oil areas. The Ministry of Land and Resources is drafting rules that will allow it to s...

Chinas gasoline exports rose to the highest level in 14 months in March after refineries ramped up run rates to a record in the first two months of the year and domestic fuel demand slowed. Net gasoline exports, or imports minus exports, ju...

The Chinese Cabinets approval of a 400,000b/d refinery - to be built by Petrochina and PdVSA in Guangdong province - will be welcomed by both partners. Indeed, BMI views this project as a crucial pawn in Petrochinas regional diversification...

State-run China National Petroleum Corp (CNPC) and Petroleos de Venezuela SA (PDVSA) will start building their mega joint refinery on Chinas southern coast later this month, a move would pave the way for more Venezuelan oil to flow to the w...

Oil dropped from the highest closing price in three days in New York after a report showed that Chinese consumption growth is slowing. Futures slid as much as 1.2 percent as Chinese customs data showed the countrys apparent oil demand dropp...

Talks between China and Russia on a huge gas export deal have failed to make progress because it is the Chinese government, not the market that set pricing for Chinas natural gas sales, a top executive with Russias Gazprom told Caijing. Cur...

On April 12, CNPC Chairman Jiang Jiemin met with visiting Qatar Minister of Energy Industry Mohammed Bin Saleh Al-Sada. The two sides exchanged views on strengthening cooperation in the oil and gas sector. PetroChina Chief Engineer Lin Aigu...

With a heart for racing, Yang Liguang enjoys the moment when he overtakes other cars on the road. But after the fuel prices rose again in March, he has begun having second thoughts every time he wants to step on the accelerator pedal. The i...

China National Petroleum Corp. said Friday that it has signed a preliminary agreement with the Chongqing government to supply natural gas to be used as feedstock at petrochemical project in the municipality, located in southwestern China. G...

China Petrochemical Corp.s $3.54 billion acquisition of a stake in Galp Energia SGPS SA (GALP)s Brazilian unit was approved by the Chinese government in March, according to a statement on the website of the countrys National Development and...