Crude Oil

The stock answer to oil consumption 'weakness'

13 Jun 2013

Crude imports were 5.64 million barrels per day (bpd) last month, a gain of a mere 0.4 per cent from April and 6 per cent below the record 6 million bpd in May last year.

5:03AM

Beijing cuts cost of petrol after crude oil falls

25 Apr 2013

The mainland, the world's second-biggest oil consumer, is to cut fuel prices to motorists, in the first adjustment under new controls, after the cost of crude oil fell.

6:15AM

Dubai bourse seeks new role for China banks

22 Apr 2013

Dubai Mercantile Exchange (DME) is hoping to increase the participation of mainland and Asian lenders in financing trade in its Oman oil futures contract.

2:50AM

US exports crude oil to China

18 Apr 2013

The US has started exporting crude oil to China for the first time since 2005, which analysts say gives Washington additional leverage in Sino-US relations and has major implications for the...

5:54AM

China takes a bold step in Afghanistan

5 Dec 2012

While the West is pulling out of Afghanistan, China is scouting out the strife-torn country's natural resources, estimated to be worth trillions of US dollars.

3:12AM

Iran to build more oil storage as sanctions bite: Press TV

26 Nov 2012

Iran will build millions of barrels of oil storage facilities in the Gulf over the next few months in response to international sanctions on its exports, Iran’s Press TV reported on Sunday.

4:33PM

Opinion

Alex Lo

Chen Guangcheng misled by his new right-wing 'friends'

1:26AM

Tom Holland

The yuan hasn't overtaken the HK$ quite yet, Mr Chan

4:40AM

Oil rises as Israel-Hamas fight continues

The price of oil rose above US$87 a barrel Monday in Asia as the conflict between Israel and Hamas showed no signs of abating, raising concerns about crude supplies.

3:12PM

The other big shift going on in the global economy

Ever since the financial crisis, we have heard a great deal about how the world's economic centre of gravity is shifting.

The United States and Europe are in decline, their economies...

3:26AM

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Sinopec close to deal for Nigerian oilfields

China Petroleum & Chemical Corp (Sinopec) is close to buying stakes in Nigerian onshore oil blocks from Total for about US$2.4 billion as it seeks to reverse a decline in oil reserves,...

3:36AM

ACQUISITIONS

Rosneft to buy TNK-BP for US$54.8b in third-biggest oil deal

Rosneft agreed to buy TNK-BP, a 50-50 venture between BP and a group of billionaires, for US$54.8 billion in the third-biggest oil acquisition ever.

4:19AM

IRAN

Iran still able to beat sanctions and sell oil to key markets in Asia

To continue selling crude oil to China, Iran is delivering the oil to its No 1 customer on its own tankers, backed by state insurance, not on the commercial tankers used in the past.

To...

3:54AM

China Coal to suspend project in Heilongjiang

China Coal Energy, the country's second-largest listed coal producer by market value, has decided to suspend investing in a 17 billion yuan (HK$19.29 billion) coal and chemical project in...

5:58AM