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Oil spots of missing Myanmar military airplane found at sea: defense office

YANGON, June 8 (Xinhua) -- Some oil spots of the missing Myanmar military airplane have been found at a sea area, according to a release of the Defense Services Office on Thursday. The oil spots were found in waters 16 nautical miles southw......【More】

2017-06-09

Oil prices rebound ahead of U.S. inventory data

NEW YORK, June 6 (Xinhua) -- Oil prices rallied Tuesday as investors bet that official data scheduled for release Wednesday will show a ninth straight weekly decline in U.S. crude stockpiles. The West Texas Intermediate for July delivery ro......【More】

2017-06-08

Oil prices drop amid geopolitical tensions

NEW YORK, June 5 (Xinhua) -- Oil prices settled lower Monday as geopolitical tensions in the Middle East raised market concerns. The West Texas Intermediate for July delivery lost 0.26 U.S. dollar to settle at 47.40 dollars a barrel on the......【More】

2017-06-07

Exxon Mobil acquires exploration acreage in Equatorial Guinea

IRVING, Texas -- Exxon Mobil Corporation has announced that its wholly owned affiliate, Exploration and Production Equatorial Guinea (Deepwater) Ltd., has signed a production sharing contract with the government of Equatorial Guinea for a d......【More】

2017-06-06

Vietnam to intensify oil, gas and mining to meet growth target

HANOI, June 2 (Xinhua) -- Vietnam will further tap oil, gas, coal and other minerals to help realize its economic growth of 6.7 percent set for this year, the countrys Ministry of Industry and Trade said on Friday. The ministry has been ins......【More】

2017-06-05

Iran's non-oil GDP rises by 6.3 pct in strong rebound

TEHRAN, May 31 (Xinhua) -- Irans non-oil gross domestic product (GDP) has shown 6.3 percent growth during the past Iranian calendar year (March 2016-March 2017), the Statistical Center of Iran said, according to Tehran Times daily report on......【More】

2017-06-01

China receives first oil from Myanmar pipeline

A staff member inspects China-Myanmar crude oil pipeline in Ruili, southwest Chinas Yunnan Province, May 19, 2017. The first crude oil from Myanmar has reached China via the China-Myanmar crude oil pipeline, China National Petroleum Corpora......【More】

2017-05-31

Saudis take aim at swollen U.S. oil stockpiles in strategy shift

LONDON and KUWAIT (Bloomberg) --After sparing its prized U.S. market from oil-output cuts, Saudi Arabia plans tomarkedly reduce exports to its political ally in the coming weeks in an effort to reduce swollen and highly visible crude invent......【More】

2017-05-27

Nigerian Senate passes delayed oil industry governance bill

ABUJA (Bloomberg) --Nigerian senators passed a bill to reform the countrys oil and gas industry almost a decade after it was first proposed to lawmakers, Senate President Bukola Saraki said. This is a bill that has been delayed for many yea......【More】

2017-05-26

Malaysian plantation minister expects more palm oil export to China

PUTRAJAYA, Malaysia, May 17 (Xinhua) -- Malaysias Plantation and Commodities Minister Mah Siew Keong said on Wednesday that he expects palm oil export to China to further increase this year. Malaysias palm oil export to China from January t......【More】

2017-05-25