The White House has argued that there is little it can do to halt the trend with external factors like growth in China, India, and other emerging economies pushing up the prices. WASHINGTON- Amid a national spike in gas prices, the White Ho...

Chinese quarantine authorities will allow imports of Canadian canola by some selected crushers located in major growing areas, previously banned because of fungal disease concerns, traders said on Thursday. The import relaxation, likely to...

China announced the results of its most extensive official appraisal of shale gas reserves on Thursday, having found potentially recoverable resources of 25.1tn cubic metres less than previous estimates. Although the figure is lower than an...

China is setting up emergency oil- storage facilities at Shanshan in western China, Jintan and Zhoushan in the east and Huizhou in the south, according to China Oil, Gas Petrochemicals. The four centers are part of the second phase of the c...

The Philippines said Wednesday it has the right to invite foreign companies to explore for oil and gas in waters located between its western coast and the South China Sea, dismissing Chinas claim to the area in a fresh spat between the Asia...

Sudans government said yesterday that it has appealed to diplomatic partner and investor China for help in resolving a protracted dispute over oil revenues with newly independent South Sudan. Sudanese Foreign Minister Ali Ahmed Karti said t...

The United States is having very intense and very blunt conversations with India, China and Turkey on reducing their dependence on Iranian oil. Secretary of state Hillary Clinton told lawmakers on Wednesday before a congressional committee,...

Sinopec, Chinas top oil refiner, on Wednesday defended itself against online complaints alleging that the companys 93 RON gasoline was diluted and caused vehicles to malfunction. The companys oil products have met the national standard and...

Foreign Secretary Albert del Rosario says the Philippines has the right to invite companies to explore for oil and gas in waters near the South China Sea, dismissing Chinas claim to the area. The fresh spat between China and the Philippines...

A consortium led by a joint venture between Spains Repsol YPF, China Petroleum Chemical Corp and Norways Statoil found oil at an offshore well in Brazil, state-controlled oil company Petrobras said in a securities filing on Tuesday. Petrobr...