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China Oil & Gas News. Service for global professionals. Constantly updated news and information about China.
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  • Iraqi oil minister expects strong competition in 2nd bidding round on oil fields 15 Nov 2009 15:35 GMT
    ... BAGHDAD (AP) - Iraq's oil minister said Sunday he expects strong competition ... BP PLC and its partner CNPC of China for Iraq's biggest oil field, the 17.8 billion-barrel ... Italy's Eni SpA, in partnership with Occidental Petroleum Corp. of the U.S. and South Korea's ...

  • Major oil and gas enterprises improve business performance with Windows 7 15 Nov 2009 17:55 GMT
    ... Major oil and gas enterprises improve business performance with ... growth willcome largely from countries such as China, India and those in the Middle East.Dubai, located ... to all oil capitals, from Houston to Beijing. And with the power ultimatelyshifting from consumer ...

  • OIL SCENE: Of oil reserves, fudged data and World Energy Outlook '09 15 Nov 2009 00:13 GMT
    ... conclusions. Despite the repeated claims of peak oil pundits arguing it was just round the corner, ... '09 says investment in upstream oil and gas has been severely cut by over $90 ... world, the WEO '09 also projects that China would overtake the US as far as energy ...

  • Iraq expects strong competition in new oil bidding 15 Nov 2009 15:56 GMT
    ... BAGHDAD (AP) - Iraq's oil minister said Sunday he expects strong competition ... BP PLC and its partner CNPC of China for Iraq's biggest oil field, the 17.8 billion-barrel ... Italy's Eni SpA, in partnership with Occidental Petroleum Corp. of the U.S. and South Korea's ...

  • Oil dips to lowest price since October 15 Nov 2009 05:33 GMT
    ... 11:50 am TWN, By Chris Kahn, AP Oil dips to lowest price since October NEW YORK -- ... The EIA also said Friday that natural gas stockpiles continue to be the highest on ... the ICE Futures exchange. Subscribe to The China Post and save 25%. ...

  • Obama unlikely to push China hard on currency 15 Nov 2009 18:53 GMT
    ... China signal it may let currency rise could ... trading against other currencies Thursday as the Chinese government appeared to signal that it may ... more foreign products. In his visit to Beijing this week, President Barack Obama is expected ...

  • Higher oil, food prices in 2010 15 Nov 2009 17:33 GMT
    ... global economic crisis could result in higher oil prices and higher food prices, as inputs could ... far [prices would go]. The recovery of China, Brazil and Russia will drive speculation,” said Balisacan. ...

  • Southeast Asia look as good as China 15 Nov 2009 17:34 GMT
    ... Southeast Asia look as good as China By PICHAYA CHANGSORN THE NATION Published on November ... established bases in the region, such as oil and gas, chemicals and construction. Goeking said Accenture had ...

  • China corners rare earths market 15 Nov 2009 19:14 GMT
    ... As resource-hungry China scours the world for crude oil and natural gas supplies, it has managed ... technologies into China," said Ren Xianfang, a Beijing-based economist with IHS Global Insight. "Whether this ...

  • China-U.S. debate delays APEC statement 15 Nov 2009 05:12 GMT
    ... final statement on Sunday as Washington and Beijing debated the wording on market-oriented exchange rates ... agenda when U.S. President Barack Obama visits China this week, after Washington recently slapped duties on Chinese-made tires and followed up with action on ...

  • China set to become world's largest shipbuilding country 15 Nov 2009 06:16 GMT
    ... due to the serious financial crisis, and China will replace South Korea as the world's largest ... of South Korea's shipbuilding are very large oil tankers, liquefied natural gas (LNG) ships and other high value-added ships. ...

  • Saudi King named most powerful person in energy by Forbes 15 Nov 2009 07:01 GMT
    ... the energy supply chain." Forbes said, when oil prices dipped down to USD 40 a ... an enormous impact on availability and distribution." Chinese President Hu Jintao and Russian Prime Minister Vladimir ... of oil as the industrial growth in China. The Chinese have spent over USD 100 ...

  • Straws in the Wind 15 Nov 2009 19:15 GMT
    ... Administration (EIA) dramatically reduced its projection for oil use going forward, postulating that conservation measures ... At the same time, however, a major Chinese oil company announced a huge new oil producing ... today’s prices. On the other hand, maybe China knows its needs better than anyone and ...

  • Trade deficit hits $36 billion 15 Nov 2009 06:51 GMT
    ... only gradually, with higher prices on imported oil helping outweigh the benefit of cheaper American ... month's trade figure. The U.S. 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 ...

  • Westport Reports Second Quarter Financial Results 15 Nov 2009 14:54 GMT
    ... Westport Innovations Inc. (TSX:WPT/NASDAQ:WPRT), a global leader in ... costs." "Fundamental support for a shift from oil to natural gas in the transportation market ... BTIC Westport Inc., Westport's joint venture with Beijing Tianhai Industry Co. Ltd., manufactures and sells LNG ...


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"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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