President Obama will push again for Congress to eliminate tax breaks for oil companies, in a speech Thursday at the White House Rose Garden. The presidents renewed attack on big oil comes as U.S. oil companies are facing the stiffest compet...

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...

At the summit, photo from cippe Organizing Committee. Shen Zhonghou, a well-known professor of China University of Petroleum, Member of Chinese Academy of Engineering, is delivering a speech, photo from cippe Organizing Committee. Michael D...

Iran and its leading oil buyers, China and India, are finding ways to skirt U.S. and European Union financial sanctions on Iran by agreeing to trade oil for local currencies and goods including wheat, soybean meal and consumer products. Ind...

Chinese gas distributor ENN Energy Holdings (2688.EKG) said it has ample cash to fund a US$2.2 billion bid for a stake in rival China Gas Holdings (0384.HKG), Reuters reported. Wilson Cheng, ENN Executive Director and CFO echoed an earlier...

China country wide enlargement and Reform Commission deputy director Peng Sen stated on March 28th, this twelve weeks we will find to begin the essential oil price tag reform program, shorten the price tag cycle, enhanced pricing mode of op...

A gala dinner named Karamay Night was kicked off on March 19 during the cippe2012 which was launched from March 19 to March 21. Mr. Zhang Xueshan (M), President of Zhenwei Exhibition Group is communicating with the distinguished guests, pho...

After fourth-quarter profit dropped 23%, Asias largest refiner ( SHI , quote ) plans to boost oil production in West China and increase exploration for unconventional resources including gas from shale formations. The Beijing-based China Pe...

China Petrochemical Corp.(SNP), or Sinopec Group, plans to produce at least 2 billion cubic meters of shale gas annually by the end of 2015--around one-third of the countrys targeted production of 6.5 billion cubic meters for that date, the...

Khalid al-Falih, head of Saudi Arabias state-owned Saudi Arabian Oil Co., said a joint-venture refinery with China Petroleum Chemical Corp. (600028) will begin production in 2014. The Yasref plant will cost $8.5 billion to $10 billion, and...