Chads President Idriss Deby sacked two senior ministers after a joint-venture refinery deal with China National Petroleum went sour, according to a presidential decree announced over state radio late on Friday. The oil-producer nation last...

The latest chapter in Canadas quest to become a full-blown oil superpower unfolded this month in a village gym on the British Columbia coast. Here, several hundred people gathered for hearings on whether a pipeline should be laid from the A...

President of the Republic, Field Marshal Omer Hassan Al Bashir, briefed Sunday his Chinese counterpart Hu Jintao on the oil dispute with the South amid reports of a possible role by China to strike a deal. President Al Bashir had conducted...

China has finished the initial construction of its strategic oil reserves of 110 million barrels, and will gradually raise the volume to 500 million barrels, or an equivalent to 90 days of oil imports, by 2020, news portal sina.com.cn repor...

The Sudanese president Omer Hassan al-Bashir met today with the chairman of the National Committee of the Chinese Peoples Political Consultative Conference Jia Qinglin and briefed him on the ongoing negotiations with the south regarding the...

And while the country hasnt yet begun commercial production, a new Chinese law has just given the green light to start allowing North American companies to develop shale gas inside its borders where natural gas prices are significantly high...

The U.S. is going to lend billions of dollars to Brazils state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazils Tupi oil field in the Santos Basin near Rio de Janeiro. Brazils planning minister...

Oil firms Chevron Philippines, Inc., Petron Corp., Seaoil Philippines, Inc., Phoenix Petroleum Philippines, Inc., and Eastern Petroleum Philippines Corp., cut prices of petroleum products yesterday. The companies rolled back prices of diese...

The Chinese government on Thursday criticized the European Union for banning oil imports from Iran, underscoring the difficulty the U.S. faces in creating a wedge between Iran and China, one of the largest buyers of Iranian crude. In a stat...

South Sudan has totally shut down oil output in a row with Sudan over export transit fees and will only restart after the two reach a deal covering border security and the disputed Abyei region, its oil minister said on Sunday. South Sudan...