Competition among foreign companies to buy Canadian natural gas assets is escalating, with a major global player announcing plans to spend billions of dollars on an acquisition as depressed prices punish domestic producers. Chinas three sta...

Oil advanced for a second day in New York on signs that the economy is improving in China, the worlds second-biggest consumer of crude. Futures rose as much as 0.5 percent after a purchasing managers index climbed to a one-year high in Marc...

Chinas leading city gas operator China Resources Gas (CR Gas) on March 29 priced a USD750 million bond offering, becoming the latest debut issuer to attract a brisk investor demand. The Reg S/144A 10-year deal was priced at 97.950 percent t...

Demand for petrochemicals from developing countries, especially China, will help the industry gradually recover from the recent global economic slump as well as alter dynamics in the sector for years to come, executives and observers said W...

China will let oil companies set fuel prices according to government-guided rates, the official Xinhua News Agency reported, citing a vice chairman at the nations top economic planner. Certain companies will be allowed to adjust gasoline an...

A big shift is happening in Big Oil: An American giant now ranks behind a Chinese upstart. Exxon Mobil is no longer the worlds biggest publicly traded producer of oil. For the first time, that distinction belongs to a 13-year-old Chinese co...

Iran is helping its ally Syria defy Western sanctions by providing a vessel to ship Syrian oil to a state-run company in China, potentially giving the government of President Bashar al-Assad a financial boost worth an estimated $80 million....

PetroChina (0857.HK) reported a 26 percent drop in quarterly earnings, lagging forecasts, due largely to hefty refining losses, and the oil major forecast slower output growth for this year. PetroChina (601857.SS) (PTR.N) said on Thursday o...

A relationship forged from Devon Energy Corps operations in the South China Sea helped Sinopec seal a unusual $2.5 billion deal to explore for oil and gas in emerging shale fields in North America, Devons chief executive said at the Howard...

China Petrochemical Corp., known as Sinopec Group, said Thursday it completed a deal to buy a 30% stake in the Brazilian unit of Portuguese oil company Galp Energia SA (GALP.LB) for $5.16 billion. The pact is the latest in Chinas drive to b...