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China Crude Oil News. Service for global professionals. Constantly updated news and information about China.
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Latest China Crude Oil News

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  • Factors that favour the crude oil bulls 14 Nov 2009 07:55 GMT
    ... confidence in Europe, the United States and China and industrial orders in Germany—have recently surprised to ... rising oil prices have helped to lift crude oil output in Russia where production has hit a record high ...

  • Brazilian president leaves China with energy, finance deals 14 Nov 2009 12:33 GMT
    ... Beijing- Brazilian President Luiz Inacio Lula da Silva ... da Silva ended his three-day visit to China Wednesday after overseeing the signing of more ... barrels of crude oil per day to Chinese refiner Sinopec this year and 200,000 barrels ...

  • 60th PSPC Gap Analysis for Chinese Shipyards 14 Nov 2009 04:36 GMT
    ... Lloyd’s Register Classification Society (China, [LRCS]) and International Paint have delivered their ... their 60th training course aimed at bringing Chinese shipyards up to speed with the International Maritime ... be expanded to include the coatings on crude oil tanks used for cargo transport. Aided by ...

  • Kyodo news summary+ 14 Nov 2009 05:11 GMT
    ... TOKYO, Nov. 13 (AP) - (Kyodo)----------- Crude oil futures sink to 1-month low in lower $76 ... sluggish oil demand. The December contract for West Texas Intermediate crude ended $0.59 lower at $76.35 on ... sustainable growth. ---------- Obama urged to press China on human rights WASHINGTON - A human rights ...

  • Commodity Trends: Rains hurt cotton coffee safe 14 Nov 2009 13:52 GMT
    ... prices is the move by Russian and Chinese central banks to purchase the yellow metal. Technically ... 16,840 per 10 gram. Economic data from China has come on the bullish side and ... a rise of 1.8 million barrels in crude oil stocks. Gasoline inventories rose 2.56 million barrels ...

  • Commodity Trends: Rains hurt cotton, coffee safe 14 Nov 2009 14:15 GMT
    ... prices is the move by Russian and Chinese central banks to purchase the yellow metal. Technically ... 16,840 per 10 gram. Economic data from China has come on the bullish side and ... a rise of 1.8 million barrels in crude oil stocks. Gasoline inventories rose 2.56 million barrels ...

  • Oil prices slide close to one-month lows 14 Nov 2009 05:52 GMT
    ... the United States. New York's main contract, light sweet crude for delivery in December, fell as low ... The US Department of Energy said American crude oil reserves surged 1.8 million barrels in the week ... as economic recovery gathers pace notably in China, but rising prices could derail expansion, the IEA ...

  • GLOBAL MARKETS-Weak consumer data a drag on dollar, stocks rise 14 Nov 2009 00:35 GMT
    ... above Wednesday's 15-month low. "Data out of China has been robust and policymakers around the world ... ounce, just under Thursday's record $1,122.85. U.S. light sweet crude oil settled down 59 cents at $76.35 per ...

  • GLOBAL MARKETS - Weak consumer data a drag on dollar, stocks rise 14 Nov 2009 01:33 GMT
    ... above Wednesday's 15-month low. "Data out of China has been robust and policymakers around the world ... ounce, just under Thursday's record $1,122.85. U.S. light sweet crude oil settled down 59 cents at $76.35 per barrel. ...

  • Total refining capacity to double by 2015: Al-Naimi 14 Nov 2009 00:32 GMT
    ... BEIJING: Petroleum and Mineral Resources Minister Ali Al-Naimi ... it did back in 1990, Al-Naimi said. China’s energy consumption in constant prices is down ... with Sinopec to invest in a second Chinese refinery in the eastern port city of ...

  • Electric cars 'need govt support' 14 Nov 2009 00:50 GMT
    ... Electric cars could help China reduce dependency on oil but the government ... in talks with officials in the central Chinese city of Wuhan and the southern province ... per unit will drop tremendously.' Chen said Beijing should present a comprehensive package of incentives ...

  • Manic-depressive Stock Market Inviting a Black Swan Event? 14 Nov 2009 15:56 GMT
    ... to a third consecutive weekly decline, after crude-oil and metal prices slumped and companies reported ... afloat. There goes the Japanese economy! -- China’s stocks rose, sending the Shanghai Composite Index to its biggest weekly gain in ...

  • Trade deficit widens more than expected in September 14 Nov 2009 00:14 GMT
    ... a note to clients. The deficit with China, which had been falling, jumped 9.2 percent ... for one-fourth of America?s export sales. The Chinese central bank on Thursday modified the guidance it ... average price of a barrel of imported crude oil rising to $68.17, from $64.75 in August, ...

  • Trade deficit widens more than expected 14 Nov 2009 04:31 GMT
    ... a note to clients. The deficit with China, which had been falling, jumped 9.2 percent ... for one-fourth of America's export sales. The Chinese central bank on Thursday modified the guidance it ... average price of a barrel of imported crude oil rising to $68.17, from $64.75 in August, ...

  • September trade gap widened 18.2% 14 Nov 2009 12:51 GMT
    ... of petroleum, autos and manufactured goods from China wiped out an otherwise impressive gain in ... only did the average price of imported crude oil increase from $64.75 per barrel to $68.17, ... domestic manufacturing companies. "He can tell the Chinese and other regional leaders that he'll be acting ...


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Quote of the Day

"He is a black president and he understands the slavery abolition movement and Lincoln's major significance for that movement. Lincoln played an incomparable role in protecting the national unity and territorial integrity of the United States."
— Qin Gang, China's foreign ministry spokesperson

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Markets

Exchange Rates:

Chinese Renminbi:
USD 1 = CNY 6.8263
EUR 1 = CNY 10.1730

Hong Kong Dollar:
USD 1 = HKD 7.7502
EUR 1 = HKD 11.5499

Macau Pataca:
USD 1 = MOP 7.9786
EUR 1 = MOP 11.8903

Taiwan Dollar:
USD 1 = TWD 32.1990
EUR 1 = TWD 47.9852

USD 1 = EUR 0.6710
EUR 1 = USD 1.4903

Closing Stocks:
Shanghai A: 3,343.23(0.42%)
Shenzhen A: 1,209.29(0.87%)
Hang Seng: 22,553.63(0.70%)
Taiwan Taiex: 7,665.63(-0.07%)

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This Day in History

Nov. 14

President Clinton held one-on-one meetings in Indonesia with the leaders of China, Japan and South Korea, winning pledges to keep the pressure on North Korea to freeze its nuclear weapons program.
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08 November 2009

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