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Chinese Oil Demand Up, Saudi Production Down

The global oil market tightened last month as demand in China increased and output in Saudi declined. In its latest monthly report, the International Energy Agency (IEA) raised its forecast for global oil demand, with growth this year expec......【More】

2013-01-23

Brent Steadies Below $112 on Oversupply Concerns; Outlook Steady

Brent futures steadied below $112 per barrel on Monday as the oil markets cooled after last weeks rally as economic worries and concerns of over-supply offset fears of renewed unrest in the Middle East after the Algerian crisis. The Interna......【More】

2013-01-22

BASF, Petronas Scrap Plans to Deepen Partnership

BASF (BASFn.DE) and Malaysian state-owned oil and gas firm Petronas PETR.UL have decided not to pursue an extension of their partnership to a second specialty chemicals plant after failing to agree on terms. Petronas and BASF concluded that......【More】

2013-01-22

Chevron, China's CNOOC Sign Production-sharing Contracts

Chevron Corp said it entered into production-sharing contracts with Chinese offshore oil company CNOOC Ltd for two exploration blocks in South China Sea as the U.S. oil company looks to grow in the Asia-Pacific region. Chevron China Energy......【More】

2013-01-21

Triple Energy to Discuss Chinese Gas Project at "Stars in 2013"

Triple Energy (ASX: TNP) will update investors at the upcoming Stars in 2013 Series in Sydney on Wednesday 23 January 2013 on its quest to produce gas for Chinas rapidly growing domestic market. Participation is free but you must register a......【More】

2013-01-21

IEA Forecasts Rising Oil Demand for 2013 Driven by Growth from China

The International Energy Agency Friday raised its forecast for oil demand for 2013, citing expectations of higher demand from China, the worlds second largest oil consumer. In its monthly market report, the Paris-based agency raised its 201......【More】

2013-01-21

Crude Oil and Petroleum Product Processing in China Industry Research Report

In China, demand for crude oil and finished oils, including heating oil and diesel fuel, has been strong over the past five years. The strong performance of the auto sector, in particular, has added to the national oil consumption on a subs......【More】

2013-01-18

CNOOC Signs Sunshine Oil Sands Deal

Sunshine Oil Sands Ltd., which debuted last year on the Hong Kong Stock Exchange and has since pursued a secondary listing in Toronto, has agreed to share oil sands exploration technology with a division of Chinas CNOOC Ltd. Calgary-based S......【More】

2013-01-18