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China's oil demand to rise 5.8pct in 2014 - Deutsche Bank

Deutsche Bank predicted that Chinas oil demand would rise 5.8% in 2014, slightly faster than the 5.2% recorded in Q1 2014. Chinas foreign minister said that the country is seeking long-term partnerships with Brazil and Venezuela in oil and......【More】

2014-05-08

Petchem projects underway in South Pars

Tehran - A deputy petroleum minister said that petrochemical development projects in Phase 2 of the giant offshore South Pars gas fields are progressing as scheduled. Development projects are progressing more tangibly than before and dynami......【More】

2014-05-07

Cnooc Oil Rig Fuels Vietnam-China Tensions

HANOIVietnam accused a Chinese energy company of operating in its waters illegally, potentially ratcheting up tensions further between the two countries. On Saturday, Chinas Maritime Safety Administration disclosed the location of China Nat......【More】

2014-05-06

Oil companies promise jobs amidst weak regulations

Throughout much of their 36-page handbook, the three oil companies operating in Uganda Tullow, Total and Cnooc - have laid out the kind of opportunities Ugandans should look out for as the country heads towards First Oil, and encouraged the......【More】

2014-05-05

U.S. offers $5 million for Chinese businessman accused of Iran dealings

The United States offered a reward of up to $5 million on Tuesday for a Chinese businessman accused of supplying missile parts to Iran, and targeted companies from China and Dubai for allegedly helping Iran evade weapons and oil sanctions.......【More】

2014-05-04

Gas import: China abandons IP project, eyes TAPI pipeline

In a strategic move, China has shelved a plan to be part of the Iran-Pakistan (IP) gas pipeline that faces the threat of US sanctions and has come up with an offer to join the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline to m......【More】

2014-04-30

Sinopec stalls petrochemical build-up as U.S. competition grows

Chinas top refiner Sinopec Corp is scaling back billions of dollars in petrochemical investments in the face of growing U.S. competition in the sector and rising local opposition to oil and gas plants over environmental concerns. The slowdo......【More】

2014-04-29

Commodities trading outlook: natural gas and crude oil futures

Todays European trading session saw West Texas Intermediate and Brent both claw their way up from last sessions losses on the bearish US supplies report, with firm support coming from Ukraine. Meanwhile, natural gas kept earlier gains on re......【More】

2014-04-28

Infrastructure projects set to boost growth

China announced 80 major public infrastructure projects on Wednesday to reverse the economys slowdown while experimenting with wider access for private and overseas investors. The decision was made at a State Council executive meeting with......【More】

2014-04-25

Range Resources maintains focus on Trinidad oil assets

Range Resources is continuing efforts to build up its onshore Trinidad oil assets and has signed a memorandum of understanding with one of Chinas largest listed oil service companies for a strategic alliance. The fourth rig in the companys......【More】

2014-04-24