It is inevitable that a lot of Iranian oil will continue to leak through into the market, albeit through more circuitous routes. Also, despite the growing number of Iranian customers who are now switching to Saudi Arabian oil, there is at t...

The U.S. State Department has imposed sanctions on three energy trading companies for selling refined oil and gasoline to Iran, including against a Chinese company it says is Irans largest supplier of refined petroleum. Officials identified...

China stands to be the biggest beneficiary of U.S. and European plans for sanctions on Irans oil sales in an effort to pressure the regime to abandon its nuclear program. As European Union members negotiate an Iranian oil embargo and the U....

Canadian Prime Minister Stephen Harper plans to visit China next month as his government looks to open new markets for oil sands crude in the wake of Washingtons decision to delay approval of a major pipeline from Alberta to Texas. Harper i...

US Treasury Secretary Timothy Geithner and Chinese leaders pledged Wednesday to enhance cooperation to advance the global economic recovery, but still left the Iran sanctions dispute unresolved. Geithner met Chinese Premier Wen Jiabao and V...

Workers at a natural-gas field in Lianyuan, a city in Central Chinas Hunan province. China is using more natural gas as it works to reduce its emissions. Guo Guoquan / For China Daily Chinas output of natural gas is expected to increase by...

China Petroleum and Chemical Corp (Sinopec Corp) will shut down a 160,000 barrel per day (bpd) crude oil unit at its largest Zhenhai refinery from mid February for 45 days of maintenance, industry sources said on Monday. The 460,000-bpd ref...

State-owned China National Petroleum Corp said it produced over 100 million mt of oil equivalent of oil and natural gas from its overseas assets in 2011 -- a record high -- according to a report on its website Monday. Overseas production in...

As Chinas economy slowed in 2011, so did the growth rate in the amount of crude oil it was importing. Last year, China imported 253.8 million tons of crude oil, 6 percent more than in 2010, according to figures released by Chinas customs au...

A joint venture between Royal Dutch Shell Plcs China units and Tianjin State Farms Agribusiness Group Co will build a 200,000 cubic metre oil products storage facility in the northern city of Tianjin, a local development agency said. Tianji...