Crude oil prices hovered near $106 Monday in New York on mixed economic news from China. China reported a trade deficit of $31.38 billion, but The New York Times reported the Bank of China has said lending restrictions might be eased, which...

The Standard Poors GSCI gauge of 24 commodities fell 0.4 percent to 704.63 at 4:29 p.m. Singapore time. The UBS Bloomberg CMCI index of 26 raw materials dropped 0.4 percent to 1,626.151. CRUDE OIL Oil fell from the highest price in more tha...

Oil prices fell on Monday on concerns about slowing growth in China and recession in Italy, along with reduced fears of immediate supply disruption because of tensions with Iran. China posted its largest trade deficit in at least a decade,...

Chinas record crude imports in February are most likely as high as they will go, at least for the coming months, as rising prices, refinery maintenance and slower economic growth curb demand. China swallowed a record 5.95 million barrels pe...

U.S. crude futures fell on Monday after three days of gains as the dollar hovered near a three-week high, while news that Chinas implied oil demand hit a record high last month failed to support prices. FUNDAMENTALS U.S. light, sweet crude...

Myanmars state oil and gas company has signed an exploration contract with a Chinese-Myanmar joint venture. The state-run Kyemon newspaper reported Sunday that the contract between Myanma Oil and Gas Enterprise and Myanmar private company A...

An agricultural project in the Nile River state in Sudan was put on hold because China cancelled a loan that was needed to extend electricity in the area, president Omer Hassan al-Bashir revealed. In an interview with the Sunday edition of...

China National Petroleum Corps crude oil throughput and oil products output were both more than 200,000 tonnes higher in February than planned, Chinas second largest refiner said in a company-run newspaper. CNPCs diesel inventories reached...

As former foes Sudan and South Sudan try to break a long running deadlock over a furious oil dispute, economic giant China is forced into a difficult juggling of allegiances between the rivals. While Juba and Khartoum resumed talks this wee...

China is taking aggressive measures to wean itself off of foreign oil and gas. Its having some success in that regard, especially with natural gas, and that opens up a whole set of issues for global oil and gas companies and energy investor...