The US President, Mr Barack Obama, has warned that growing energy demands in populous and emerging economies such as India, China and Brazil would be responsible for the increase in global oil prices in the long term. Over the long term, th...

Chinas two biggest oil companies each plan to establish a 300,000-ton crude oil terminal in northern Chinas Tianjin Port as part of the countrys strategy to increase oil supplies to Beijing and Tianjin. China Petrochemical Corp, or Sinopec...

Front-month Brent was up 88 cents to $122.86 a barrel by 09:45 pm, after settling $1.82 lower at $121.98 in the previous session. Chinas trade ministry said it planned to boost energy imports in 2012, and will keep policies to ensure stable...

Chinas thirst for crude is set to continue to dominate the global oil market in the face of waning European and US demand, a news agency editor said yesterday. Richard Mably, editor of Commodities and Energy at Reuters, said that there had...

Energy Intelligence Group announced today that Fu Chengyu, chairman of Beijing-based Sinopec Group (China Petrochemical Corporation), is the first leader of an Asia-based company to earn the distinction of his peers as Petroleum Executive o...

Chinese companies have announced readiness to invest in 20 petrochemical plans in Iran, Fars news agency quoted Iranian Oil Minister Rostam Qasemi as saying, without giving any further details. He added that credits of the National Developm...

Chinese gas distributor ENN Energy Holdings Ltd has no plans to raise its $2.2 billion joint takeover bid with state energy giant Sinopec Corp for China Gas Holdings Ltd, ENNs chairman was quoted on Wednesday as saying. The consortium would...

China Yuchai International Limited (NYSE: CYD) (China Yuchai or the Company) announced today that its main operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL) has inaugurated a new project to develop and produce a full po...

Oil prices slipped to near $106 a barrel on Monday as China lowered its economic growth target, but simmering tensions over Irans nuclear program kept crude near 10-month highs. By early afternoon in Europe, benchmark oil for April delivery...

When Lieutenant-General Juancho Sabban received an urgent phone call from an oil company saying two Chinese vessels were threatening to ram its survey ship, the Philippine commanders message was clear: Dont move, well come to the rescue. Wi...