Chinas net crude oil import growth is expected to slow for a second consecutive year in 2012 to 5.98 percent, in conjunction with weaker economic expansion, according to China National Petroleum Corp (CNPC), the countrys biggest oil produce...

A unit of China National Petroleum Corp. agreed to buy a big slice of a shale-gas play in Canada from Royal Dutch Shell PLC, bolstering Beijings footprint in North Americas energy patch, as two other Chinese companies sealed energy deals in...

Flames have been spotted shooting out of a drilling rig in a gas field in the East China Sea, where Japan and China have been discussing joint development. NHK shot aerial footage last Thursday of the Kashi gas field, or Tianwaitian in Chin...

German Chancellor Angela Merkel will use a planned visit to China this week to encourage Beijing to reduce its imports of Iranian oil, a German government source said on Tuesday. Last week, the European Union agreed to ban from July 1 all i...

China, the worlds largest iron-ore consumer, tightened rules for ports that handle very large ore ships and oil tankers to ensure safety standards, restricting Vale SAs plans to serve its main customer with giant carriers. Harbors will need...

Increasing oil exports to China will be high on the agenda of Canadian Prime Minister Stephen Harpers upcoming visit to China next week, which will hopefully improve both countries energy security, analysts said. Harper will make an officia...

China Petrochemical Corp has agreed to pay USD1.1 billion (Dh4 billion) to increase its stake in an Australian liquefied natural gas development led by Conoco-Phillips and Origin Energy. Sinopec Group signed a binding accord to boost its ho...

The shutdown in Sudanese oil supply could drive up already record premiums on spot crude markets as top Sudan customers China and Japan scramble for alternatives even as they weigh the impact on oil flows of international sanctions on Iran....

The Washington-led decision by NATO to bomb Gaddafis Libya into submission over recent months, at an estimated cost to US taxpayers of at least $1 billion, has little if anything to do with what the Obama Administration claims was a mission...

Irans threat of blocking the Strait of Hormuz, a major oil trading region, has served as a wake-up call to Beijing that it is time for China to develop its own petrol stockpiles to face future potential energy crises. During the oil crisis...