The 12th Shanghai International Petrochemical
Technology and Equipment Exhibition
Opening Countdown:
Days
The two largest shareholders in the natural gas distributor China Gas Holdings have quietly raised their stake in the company, a week after China Gas said it has been in advanced talks to sell a stake to China Petroleum Chemical (Sinopec) a......【More】
2013-03-13Commercial production of shale gas could start in China within five years, but the country has to move fast to improve its extraction technology and lower the cost, executives from major participating companies said. The potential huge shal......【More】
2013-03-12But bottlenecks in availability and fueling station scarcity Responding to rising fuel prices and pollution, more cars in China are converting to natural gas, yet current market conditions are a barrier to widespread use. Last month in Hefe......【More】
2013-03-11China is considering to make changes to its oil pricing mechanism by both shortening the price review period and removing the price fluctuation limitation of a basket of crudes used to adjust retail oil product prices, the official Xinhua n......【More】
2013-03-08The supertanker market will face a drop in ton-mile demand when the 440,000 b/d Myanmar-China crude oil pipeline starts operations in June, inflicting more pain on a sector saddled by chronic tonnage glut and lower earnings, shipping analys......【More】
2013-03-08Oil rose to $111 a barrel on Tuesday, bucking a five-day losing streak, as the North Sea Brent pipeline remained closed for a third day and investors bet on strong Chinese oil demand. Gains were limited, however, by medium-term concerns suc......【More】
2013-03-07runs, but putting products into storage, consumption would be overestimated under the old model. Conversely if China reduced refinery runs, but drew down product stocks, the old IEA model would underestimate demand. In its new methodology t......【More】
2013-03-07Chinas plan to increase fuel standards for diesel and gasoline wont affect Cnooc Ltd.s (CEO) profitability as better oil products will lead to higher prices, Cnooc Chairman Wang Yilin said Tuesday. The head of Chinas largest offshore oil pr......【More】
2013-03-06China National Petroleum Corp (CNPC), the nations biggest energy company, will spend 15 billion yuan (RM7.49 billion) to upgrade the quality of fuel it refines, general manager Zhou Jiping said. The money would allow CNPC to upgrade the sta......【More】
2013-03-06Chinese oil giant CNOOC Ltd has agreed to changes its oil-drilling leases in the Gulf of Mexico to quell U.S. national security concerns as a condition for U.S. approval of its $15 billion buyout of Canadas Nexen Inc. The most significant t......【More】
2013-03-05
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