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CNOOC gains as oil prices climb 50%
CNOOC Ltd, China’s dominant offshore oil and gas producer, posted a 23 percent gain in quarterly revenue as higher crude oil prices offset a decline in output after oil spills…
Sinopec helps to ease shortage
SINOPEC, China’s top oil refiner, plans to boost daily processing volume to the second-highest in history in November amid signs of tighter diesel supply in the domestic market. The refiner…
Massive natural gas shortage unlikely in China for coming winter: NDRC
The National Development and Reform Commission (NDRC), China’s top economic planner, said on Tuesday that China is able to guarantee natural gas supply in the coming winter with increased capacity,…
CNOOC says oil leaks in Bohai Bay sealed
China National Offshore Oil Corp (CNOOC), majority owner of the leaking Penglai 19-3 oilfield, said on Monday that the oil leaks have been sealed by reservoir pressure reduction and a…
Resource tax will not affect oil price
The reformation of China’s resource tax will not impact China’s domestic prices for oil and natural gas, the Ministry of Finance (MOF) and the State Administration of Taxation said Monday.…
China feels diesel pinch
China is facing renewed pressure over shortfalls in diesel, with private gas stations scouring the country for supplies and lines growing at filling stations in major cities. Diesel shortages arise…
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