For more than a decade, Russia under Vladimir Putin has played an increasingly important role on the world energy scene. A frequently quoted sound bite from our book, From Soviet to Putin and Back, is this: What Brezhnev and Khrushchev were......【More】
2013-04-07The maiden foreign visit of the new Chinese Prime Minister 59-year-old Xi Jinping to Russia has resulted in much excitement and speculation about possibilities of cooperation, between the Worlds second leading economic power and a former su......【More】
2013-04-01Oil futures are trading to the downside to start the week in Asia after China delivered a March PMI that missed estimates. On the New York Mercantile Exchange, light, sweet crude futures for May delivery fell 0.18% to USD97.06 per barrel in......【More】
2013-04-01Hong Kong bunker fuel suppliers said Wednesday that they have settled the ex-wharf premium for April-loading 380 CST bunker fuel with importers at $17-19/mt -- to the Mean of Platts Singapore 380 CST high sulfur fuel oil assessments -- slig......【More】
2013-03-29Chinas crude oil and natural gas reserves discovered within its mainland saw sharp rises last year, a natural resources official said on Wednesday. Xu Dachun, vice director in charge of resources exploration with the Ministry of Land and Re......【More】
2013-03-29China will adjust the prices of oil products every 10 working days to better reflect changes in the global oil market, the National Development and Reform Commission (NDRC) announced on Tuesday. Previously, domestic fuel prices were adjuste......【More】
2013-03-28Ecuador plans to auction off more than three million hectares of pristine Amazonian rainforest to Chinese oil companies, angering indigenous groups and underlining the global environmental toll of Chinas insatiable thirst for energy. On Mon......【More】
2013-03-28Chinas oil industry is promoting natural gas as a solution to the countrys pollution problems despite concerns that the government has set some production targets too high. In an interview during Chinas annual political meetings, a top exec......【More】
2013-03-27OAO Gazprom climbed the most in a week as Russias natural-gas export monopoly signed a supply deal with China National Petroleum Corp. The shares increased as much as 1.6 percent before trading up 1.1 percent at 141.64 rubles by 3:43 p.m. i......【More】
2013-03-27China Petroleum Chemical Corp. agreed to form a joint venture that will acquire $3 billion in oil and gas assets held by its state-owned parent in countries including Kazakhstan, Colombia and Russia. The joint venture between Sinopec Corp.,......【More】
2013-03-26