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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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  • Crude oil futures briefly slip below $70 in N.Y.+ 10 Dec 2009 22:11 GMT
    ... NEW YORK, Dec. 10 (AP) - (Kyodo)-Crude oil futures momentarily slipped to a two-month low below ... in energy demand. The January contract for West Texas Intermediate crude briefly sank to $69.81, the lowest ... Thursday that crude inventories have swelled in China, said market analysts. ...

  • China''s November crude oil imports up 28.1 pct 11 Dec 2009 13:35 GMT
    ... TOKYO, Dec 11 (KUNA) -- China's crude oil imports rose 28.1 percent in ... 4.18 million barrels a day (bpd), the Chinese government said Friday. Imports shrank 11.5 percent ... the one in the nation's economic hub Shanghai, will have an annual refining capacity of ...

  • Sinopec to refine 50mln tons of crude oil in 1Q 2010, report 7 Dec 2009 15:34 GMT
    ... of crude oil in 1Q 2010, report BEIJING, Dec 07, 2009 (Xinhua via COMTEX News ... first quarter of 2010, C1 Energy, a Shanghai-based energy market consultant, reported Monday. The report ... production planning meeting held last week, Sinopec, China's largest oil refiner, intends to control gasoline ...

  • Crude Oil Consolidating Before the Next Big Move Higher 7 Dec 2009 00:17 GMT
    ... left unchanged. The purchasing managers’ index for China, released today by HSBC Holdings, rose to ... Combined with other indicators, this points to Chinese oil demand increasing by 5% this year and ... . And technically speaking, the set-up in crude oil may be following a previous pattern of ...

  • Crude Oil Trades Near $74 as Fed Expects 'Moderate' US Growth 8 Dec 2009 03:07 GMT
    ... Dec. 8 (Bloomberg) -- Crude oil rose for the first time in five ... 12:33 p.m. in Sydney, from $1.4827 yesterday. “Chinese economic data out this week is likely to ...

  • Dalian LLDPE prices now seem to follow crude oil 8 Dec 2009 06:56 GMT
    ... Dalian LLDPE prices now seem to follow crude oil China's Dalian polymer futures market continues to have a major influence on regional, and global, polyethylene ...

  • Nymex Jan Crude Oil prices touched a low of $73.70/bbl on Monday 8 Dec 2009 11:30 GMT
    ... Amar Singh, Reena Walia Nair (Angel Broking) Crude oil prices slipped on Monday and touched a low of ... and tight credit. Economic data out of China, the world's second-largest oil consumer, is expected to ...

  • Lower crude oil pressures beans and corn: December 9, 2009 9 Dec 2009 22:43 GMT
    ... outside markets. The dollar was weak but crude oil was down sharply following larger than expected weekly supply numbers ... solid demand, but were unable to follow-through. China did buy 110,000 tons of 2009/10 U.S. beans, ...

  • OPTIONS PLAY: CRUDE OIL Makes New Low For The Move 13 Dec 2009 00:57 GMT
    ... suppy. Despite consumption on the rise in China, a better than expexcted reatail sales number, and ... number, and an uptick in consumer sentiment CRUDE OIL traded lower. Technically, while this market may be slightly ...

  • Nymex Jan Crude Oil prices closed below the $70/bbl mark on Friday 14 Dec 2009 09:19 GMT
    ... a negative bias. Though latest data from China could act as an upside support. A sharp ... Today, we could witness sideways move in crude oil prices with support for NYMEX January Crude Oil is seen ...

  • Crude Oil, Metals Drop; U.S. Stocks Rebound 10 Dec 2009 00:53 GMT
    ... 9:30 PM London, 8:30 AM Sydney – Crude oil closed lower today and has now fallen more than 12% ... to be in India and relied on China and Brazil of sales increase. The weakness in ...

  • STOCKS NEWS US-Crude oil rises on higher demand outlook 11 Dec 2009 13:35 GMT
    ... 0748 EST 11Dec2009-Crude oil rises on higher demand outlook January crude ... growth in demand next year and strong Chinese industrial output boosted sentiment. The rise ends a ...

  • Most Asian Stocks Fall on Tankan, Crude Oil; Shares Narrow Losses on Dubai 14 Dec 2009 07:15 GMT
    ... Stoxx 600. A report last week showed China’s industrial production rose 19.2 percent in November ... showed. Santos dropped 1.4 percent to A$13.56. Crude oil for January delivery declined for a ninth day today, losing ...

  • CNOOC doubling crude oil output 8 Dec 2009 06:11 GMT
    ... according to Xie. "There is huge potential in the deepwater blocks in the South China Sea, most of which are expected to hold natural gas resources," Xie said. CNOOC and its partners may ...

  • What's Happening with Iraq's Crude Oil 8 Dec 2009 19:31 GMT
    ... government awarded a firm contract to only a consortium of British Petroleum and the China National Petroleum Co. to further develop the Rumaila field over 20 years. Iraq recently forged an ...


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Markets

Exchange Rates:

Chinese Renminbi:
USD 1 = CNY 6.8281
EUR 1 = CNY 9.9537

Hong Kong Dollar:
USD 1 = HKD 7.7524
EUR 1 = HKD 11.3011

Macau Pataca:
USD 1 = MOP 7.9850
EUR 1 = MOP 11.6401

Taiwan Dollar:
USD 1 = TWD 32.2800
EUR 1 = TWD 47.0562

USD 1 = EUR 0.6860
EUR 1 = USD 1.4578

Closing Stocks:
Shanghai A: 3,434.49(-0.86%)
Shenzhen A: 1,275.38(-0.26%)
Hang Seng: 21,809.46(-1.25%)
Taiwan Taiex: 7,807.62(-0.15%)

Country Info About China

Visit the World Factbook for detailed information about China.
 

This Day in History

Dec. 16

One of the worst earthquakes of all time occurred in the Kansu province. Estimated at over 8 points on the Richter scale it killed 180,000 people.
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