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

  • Climate change: 'Mankind solely responsible' 7 Jan 2010 10:10 GMT
    ... "Burning of fossil fuels such as coal, oil and natural gas over the last two centuries for industrial ... is followed by other developed countries and China," Swaminathan, a lawmaker in Indian Parliament (Rajya Sabha), ...

  • Asian Markets Down as Mixed U.S. Data Weigh 7 Jan 2010 10:10 GMT
    ... lost 1.3 percent to 1,683.45. In mainland China, Shanghai's market slid 1.9 percent to close at ... fell 7.62, or 0.3 percent, to 2,301.09. Oil prices fell in Asia as investors worried ...

  • JOGMEC signs third SA platinum deal in 12 months 7 Jan 2010 10:10 GMT
    ... SA platinum deal in 12 months Japan Oil, Gas and Metals National Corp will pay $3.5m ... venture projects since March 2009. Similar to China and South Korea, Japan has a medium-term policy ...

  • Gold inches off 3-week high as U.S. data eyed 7 Jan 2010 10:04 GMT
    ... A possible signal of tighter liquidity by China's central bank was expected to affect gold ... gold market, the impact would be neutral. Chinese demand in the precious metals would be hardly ... early December. "It's good to buy gold, oil and stocks as everything is up since ...

  • World stock markets lower as mixed US data weigh before jobs report 7 Jan 2010 10:01 GMT
    ... against the yen and the euro, while oil prices hovered near $83 a barrel. Investors ... 1.3 per cent to 1,683.45. In mainland China, Shanghai's market slid 1.9 per cent to close ...

  • Gold inches off 3-week high as US data eyed 7 Jan 2010 09:55 GMT
    ... A possible signal of tighter liquidity by China's central bank was expected to affect gold ... gold market, the impact would be neutral. Chinese demand in the precious metals would be hardly ... early December. "It's good to buy gold, oil and stocks as everything is up since ...

  • Copper falls on China rate tightening 7 Jan 2010 09:55 GMT
    ... fretted over possible tighter monetary policy in China, the world's top metals consumer. But the mood ... for hints on the greenback's direction. * Oil eased below $83 a barrel on Thursday as ... the defensive after minutes from the Federal Reserve's latest policy meeting suggested the possibility of ...

  • Oil slips below $83 as China signals tighter policy 7 Jan 2010 09:48 GMT
    ... LONDON (Reuters) - Oil slipped below $83 a barrel on Thursday, ... as signs of tighter monetary policy in China sparked concerns about demand in the engine room ... St. Louis Federal Reserve Bank, said in Shanghai. But any demand recovery in the United ...

  • Sinopec Jinling Jan crude runs to rise 12 pct vs Dec 7 Jan 2010 09:48 GMT
    ... BEIJING, Jan 7 (Reuters) - Sinopec Corp ( ), Asia's top oil refiner, will raise January crude processing in its Jinling refinery by about 12 percent ...

  • World stockmarkets slip as mixed US data weigh 7 Jan 2010 09:44 GMT
    ... against the yen and the euro, while oil prices hovered near $83 a barrel. Investors ... lost 1.3 percent to 1,683.45. In mainland China, Shanghai's market slid 1.9 percent to close at ...

  • World stock markets lower as mixed US data weigh before jobs report; Shanghai slips 2 pct 7 Jan 2010 09:44 GMT
    ... against the yen and the euro, while oil prices hovered near $83 a barrel. Investors ... lost 1.3 percent to 1,683.45. In mainland China, Shanghai's market slid 1.9 percent to close at ...

  • World Stock Markets Slip As Mixed US Data Weigh 7 Jan 2010 09:41 GMT
    ... against the yen and the euro, while oil prices hovered near $83 a barrel. Investors ... lost 1.3 percent to 1,683.45. In mainland China, Shanghai's market slid 1.9 percent to close at ...

  • $40b Australia LNG deal lapses 7 Jan 2010 09:41 GMT
    ... nation 'needs to diversify imports' Energy giant PetroChina Co Ltd has pulled out of a ... gas from a project off Australia, but Chinese analysts and officials yesterday tried to play ... industry analyst at Guotai Junan Securities in Shanghai. "I think it's probably because the price ...

  • Australia cancels $40.4 billion natural gas contract with China 7 Jan 2010 09:41 GMT
    ... which the company signed in 2007 with China National Petroleum Corporation (CNPC) has expired. The ... Western Australia to transport LNG to the Chinese oil company. The investment project was originally planned ...

  • Chinese Premier visits workers, farmers in northeast China 7 Jan 2010 09:41 GMT
    ... Daqing and Qiqihar in Heilongjiang. It was Wen's third visit to Daqing since 2003. Chinese Premier Wen Jiabao (C) tries a machine with local oil workers at Daqing Oil Field in Daqing, northeast China's Heilongjiang Province, Jan. 1, 2010. (Xinhua/Lan Hongguang) At Daqing oilfield, he said Daqing people ...


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Quote of the Day

"This is not the right time or right moment for sanctions [on Iran], because the diplomatic efforts are still going on."
— Zhang Yesui, China's envoy to the United Nations

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Markets

Exchange Rates:

Chinese Renminbi:
USD 1 = CNY 6.8279
EUR 1 = CNY 9.8230

Hong Kong Dollar:
USD 1 = HKD 7.7556
EUR 1 = HKD 11.1576

Macau Pataca:
USD 1 = MOP 7.9883
EUR 1 = MOP 11.4924

Taiwan Dollar:
USD 1 = TWD 31.8700
EUR 1 = TWD 45.8498

USD 1 = EUR 0.6951
EUR 1 = USD 1.4386

Closing Stocks:
Shanghai A: 3,348.66(-1.89%)
Shenzhen A: 1,238.94(-1.93%)
Hang Seng: 22,264.82(-0.68%)
Taiwan Taiex: 8,237.42(-1.08%)

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Jan. 7

Korea proclaimed its independence from China.
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