Recent Articles

China Crude Buying Seen Buoyed As Output Drop Lures Imports
Wednesday, September 14, 2016 China's crude oil imports may rise further in the coming months as tumbling domestic output leaves refiners looking overseas for supplies, helping ease a persistent global glut.
Xinhua: China Charges Former Senior PetroChina, FAW Officials With Graft
Wednesday, September 14, 2016 Chinese prosecutors have indicted Xu Jianyi, the former chairman of state-owned FAW Group Corp, on corruption charges, the official Xinhua news agency says.
China Oil Output Drops To 6-Year Low As State Giants Shut Fields
Tuesday, September 13, 2016 China's crude oil output dropped to the lowest in more than six years as the country's state-run energy giants continued to pump less from aging, high-cost fields.
As Oil Giants Dally Over Glut, Asia Gets To Work On Output Cuts
Wednesday, September 07, 2016 As the world's biggest crude producers stop short of taking action to address the global oversupply, output cuts by their largest customers are helping to mop up the glut.
China's Biggest Oil Company Aims For 50% Natural Gas By 2020
Friday, August 26, 2016 China's biggest oil company wants natural gas to account for half its output by the end of the decade.
China Oil Giants Unmoved By Bull Rally After Worst Earnings
Thursday, August 25, 2016 After posting their worst-ever half-year results, two of China's oil giants aren't getting carried away by crude's return to a bull market, forecasting a rocky path ahead.
Petrochina Profits Sink As Weak Prices, Oversupply Bite
Wednesday, August 24, 2016 PetroChina Co Ltd reports sharply lower profits for the first half of the year, hit by slowing demand growth for refined products, an oversupply of crude and weak prices.
China Oil Giants Seen Soothing Investors With Post-Crash Payouts
Tuesday, August 23, 2016 China's biggest oil companies may use special dividends to soothe investors after the collapse in energy prices.
China Crude Output Falls To Five-Year Low In July
Friday, August 12, 2016 China's crude oil production in July fell 8.1 percent from a year ago to the lowest since October 2011 on a daily basis, as low prices limit the incentive to keep some wells operating in the world's fourth-largest oil producer.
Iraq Seeks Exxon, Petrochina Help to Develop Two Oil Fields
Wednesday, July 27, 2016 Iraq is negotiating with Exxon Mobil Corp. and Petrochina Co. to develop two oil fields in the south of the country as it seeks to maintain overall production at about 4.8 million barrels a day.
China Pipeline Fire Kills Two, Cuts Gas Supplies
Wednesday, July 20, 2016 China's Sinopec has shut down a section of the Sichuan-East China gas pipeline in the country's central region after it was hit by a landslide and fire, killing two people.
China's Oil, Coal Output Slides in Sign of More Imports to Come
Friday, July 15, 2016 The world's biggest consumer of energy is producing less of it.
Shell-Led Group Delays Decision On Canada Gas Export Plan
Tuesday, July 12, 2016 Shell and its partners delay for the second time this year a final investment decision on a terminal to export liquefied natural gas from Canada's Pacific Coast to Asian markets.
MIE Shareholders Approve $220M Sale of Sino Gas Energy to China's CNEML
Tuesday, June 21, 2016 MIE Holdings Corp.'s shareholders approve a $220 million sale of a 51 percent interest in Sino Gas Energy Ltd., the operator of two coal bed methane blocks in China's Ordos Basin, to China New Energy Mining Ltd.
China's March To Biggest Oil Importer Hits US Shale Roadblock
Friday, June 17, 2016 The world's biggest oil importer. The title nobody wants.
China Helping Balance Oil As Thirsty Refiners Rely On Old Fields
Monday, May 16, 2016 China's tumbling crude production amid record-high demand from its oil refineries is helping tighten a global market recovering from a glut.
China Oil Giants Take Spending Cuts Deeper as Profits Shrink
Wednesday, March 30, 2016 After chopping spending by almost one-third to cope with a crash in oil prices and billions in writedowns that sent profits to the weakest since last decade, China's energy giants are cutting even deeper.
Australia's Browse FLNG JV Decides Not to Proceed with Development
Wednesday, March 23, 2016 Woodside and joint venture partners in the Browse floating liquefied natural gas project decide not to proceed with the development off Western Australia.
PetroChina Profit Dives 70% In 2015 On Low Oil Prices
Wednesday, March 23, 2016 PetroChina reports a 70% slump in its full-year 2015 profit, with earnings upstream and in the marketing segment both taking a hit from lower prices.
China's Energy Giant Sees Profit Sliding 70% on Oil's Slump
Friday, January 29, 2016 PetroChina Co., the country's biggest oil and gas producer, expects its 2015 profit to have fallen 60 percent to 70 percent from a year earlier because of the slump in energy prices.