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China's crude oil imports from Iran increase in June

According to the latest statistics issued by Chinas Customs House, this country imported 671,800 barrels of crude oil from Iran daily in June. China, as the biggest customer of Iranian oil, imported 2.760 million tons of crude oil in June,......【More】

2015-07-27

ConocoPhillips halts Sichuan shale gas talks with PetroChina

ConocoPhillips ended talks with PetroChina Co. on a shale gas development in the country after a two-year study. The right commercial decision was to halt further discussions on this block, ConocoPhillipss China unit said in an emailed resp......【More】

2015-07-24

Saudi crude exports hit 5-month low on China

Saudi Arabias crude oil exports slumped to a five-month low in May as local refineries used more supplies and some plants in China closed for maintenance. The worlds biggest oil exporter shipped 6.94mn bpd in May, down from 7.74mn in April......【More】

2015-07-23

LNG from China: Pakistan begins 700-km pipeline project

Aiming to import liquefied natural gas (LNG) from China, Pakistan has started construction of its seven hundred-kilometer pipeline, Radio Pakistan reported. Minister of Petroleum and Natural Resources Shahid Khaqan Abbasi while addressing t......【More】

2015-07-22

North Sea field outage lifts crude prices

Crude prices ticked up on Thursday morning after a power outage shutdown the UKs largest oil field. According to Reuters, production was halted at the Nexen operated Buzzard field after power supplies failed. The field usually produces betw......【More】

2015-07-21

Oil rises after UK North Sea oilfield outage

Oil prices rose on Thursday after a power outage closed the UKs largest oilfield, restricting flows to the North Seas main oil stream that underpins the global benchmark Brent crude. Oil prices were also supported by data on Wednesday that......【More】

2015-07-20

Chinese tankers to carry US shale gas to Europeyuan

Two gas tankers built by the Sinopacific Offshore and Engineering were named on Tuesday, and will soon be shipping shale gas to Europe from the United States, officials said. The ships will join an eventual eight-strong fleet of tankers ope......【More】

2015-07-17

Saudi Arabia's Aramco Trading offers diesel for July

Aramco Trading Company, a subsidiary of oil giant Saudi Aramco, has offered 2.1 million barrels of diesel for loading in late July, tender documents showed on Tuesday. The company has offered two cargoes of 700,000 barrels each of 10ppm sul......【More】

2015-07-16

Sinopec, CNOOC to take Petrobras stakes

Two Chinese companies that invested in Brazils deep-water oilfields two years ago are looking to increase their presence as state-run Petrobras sells assets to pay down debt, according to industry sources. China Petroleum and Chemical Corp,......【More】

2015-07-15

Oil prices jump as China equity surges

Oil prices bounced Thursday as a recovery in Chinese stocks boosted investor sentiment. China stocks staged a strong rally on Thursday, recovering from a steep drop in the past three weeks, as the latest government prop-up measures have bor......【More】

2015-07-14