A sharp rise in Chinas gasoline and diesel prices to bring them more closely in line with global crude-oil prices appears imminent, with a public call by the head of the countrys largest oil company for an adjustment adding to pressure on t...

Morgan Stanley (MS.N) is exiting an oil marketing deal with the European refineries of Britains Ineos Group Ltd INGRP.UL at the end of the month, as PetroChina Co Ltd (0857.HK) (601857.SS), which owns half of the refineries, takes over the...

Chinas Sinochem Group has signed a tentative pact with the local government in southeastern Fujian province to build a $948-million oil storage site with a capacity of 3.8 million cubic metres, or 27 million barrels, the state-run firm said...

China has been adding oil to its emergency or commercial reserves even as prices remain near the highest level in nine months, if the rising supply of unprocessed crude is any guide. The CHART OF THE DAY shows China had 2.7 million metric t...

China is expected to raise prices for refined oil products in the next few days following a steep rise in crude oil prices in recent weeks, local media reported on Thursday, citing people with industry knowledge. The National Development Re...

Slower economic growth in China has raised concerns over oil demand from the worlds leading energy user. As a result, oil prices inched lower in Asia, as concerns over Chinas energy demand were stoked after customs data released Saturday sh...

The Ministry of Foreign Affairs (MOFA) yesterday reasserted Taiwans sovereignty over the South China Sea following the Philippiness recent invitation to foreign investors for oil and gas exploration in the disputed region. The Republic of C...

The blistering pace of Chinas crude imports will continue in March as oil firms replenish stocks and new refineries run at high rates, but soaring international prices should stymie imports toward the end of the month. China is the worlds s...

New Yorks main contract, West Texas Intermediate crude for delivery in April, shed $US1.06 to close at $US106.34 a barrel. Brent North Sea crude for April settled at $US125.34 a barrel in London trade, down 64 US cents from Fridays closing...

The Chinese government has canceled funding for an electricity project in Sudan as it has lost collateral for the loan, which is in the form of oil supply, following the separation of Sudan and South Sudan last year, Sudan President Omer al...