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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

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  • How Offshore Oil and Gas Production Benefits the Economy and the Environment 30 Nov 2009 19:09 GMT
    ... Conventional wisdom holds that offshore oil and gas production harms the surrounding environment. ... oil and tar. Papers published by British Petroleum in the early 1990s show that over ... production -- as far back as ancient China, and more recently the 1860s in Pennsylvania and ...

  • Oil rises above $77 despite unexpected crude supply jump in United States (Oil-Prices) 3 Dec 2009 12:21 GMT
    ... Oil rises above $77 despite unexpected crude supply jump ... supported by evidence of improving demand in China and Japan, but capped by a tepid economic ... gasoline gained 1.17 cents to $2.00. Natural gas climbed 4.2 cents to $4.57 per 1,000 ...

  • Sinopec Seeks to Exploit Oil and Gas in Vietnam 26 Nov 2009 15:33 GMT
    ... China's Sinopec Corp. wants Petrovietnam to refine its crude oil at Vietnam's Dung Quat Oil refinery, and ... and President Wang Tianpu of the China Petroleum & Chemical Corporation (Sinopec Corp.) made the ...

  • Oil and Gas Driven Industrialization - Country's Model of Petroleum Resource Management [analysis] 3 Dec 2009 23:23 GMT
    ... Policy Statement the plan to develop an Oil and Gas Industrialization Plan as a sustainable ... as a sustainable model of managing her petroleum resources. The oil and gas driven industrialization ... long-term planning may ensure uninterrupted industrial development. China was an oil exporter and actually exported to ...

  • Nymex Jan Crude Oil prices touched a high of $79.04/bbl on Tuesday 2 Dec 2009 20:33 GMT
    ... Amar Singh, Reena Walia Nair (Angel Broking) Oil prices continued to rise on Tuesday as ... situation pushed prices higher. Manufacturing activity in China advanced at the fastest pace in five ... support from a weaker dollar and upbeat Chinese manufacturing data. The US Energy Department is expected ...

  • Dubai crisis gives China chance to buy oil, gold: report 30 Nov 2009 14:31 GMT
    ... Dubai crisis gives China chance to buy oil, gold: report BEIJING (Reuters) - Dubai's debt crisis could be ... up gold and oil assets, a senior Chinese official said in remarks published on Monday. ...

  • Top stories of the day: China oil and gas -- Nov. 27 27 Nov 2009 05:34 GMT
    ... Top stories of the day: China oil and gas -- Nov. 27 BEIJING, Nov 26, 2009 (Xinhua via COMTEX News Network) -- 1. The latest meeting of ...

  • Oil resumes climb as dollar weakens against the euro, improving Chinese manufacturing (Oil-Prices) 1 Dec 2009 20:40 GMT
    ... Oil resumes climb as dollar weakens against the ... as dollar weakens against the euro, improving Chinese manufacturing (Oil-Prices) Oil prices climbed Tuesday as the ... demand for crude may be growing in China. Benchmark crude for January delivery rose $1.71 ...

  • Oil prices surge again amid Iran jitters 1 Dec 2009 22:03 GMT
    ... NEW YORK: World oil prices surged for the second straight day ... found support from robust manufacturing data in China, whose energy-hungry economy is leading the world out ... urged members of the Organisation of the Petroleum Exporting Countries, who are to meet on ...

  • Dubai woes give China chance to buy oil, gold: report 30 Nov 2009 02:41 GMT
    ... Dubai woes give China chance to buy oil, gold: report BEIJING (Reuters) - Dubai's debt crisis could be ... up gold and oil assets, a senior Chinese official said in remarks published on Monday. ...

  • Tapis leads: REVIEW of 13 world oil prices 1 Dec 2009 11:17 GMT
    ... At the end of last week, oil prices on world markets fell to its lowest ... is high, particularly in the U.S. and China. The average spot price for the American Mars ... week, the average spot price for the OPEC oil basket was $75.6 per barrel compared ...

  • Market Report: Oil Prices Surge on Reports of Somalian Pirates, Iran 1 Dec 2009 14:53 GMT
    ... and sometimes down. The Dubai Crisis knocked oil out of its old trading range only for Pirates ... Iran crisis is now ahead of us. Oil prices started to rebound to the lower end ... temper tantrum as their buddies Russia and China voted to censure Iran in a strongly worded ...

  • Ecuador, China to explore for oil in Amazon region 26 Nov 2009 09:24 GMT
    ... Latin American nation of Ecuador and China have decided to set up a joint venture to develop oil fields in Ecuador's Amazon region. According to ... According to Ecuador’s Energy Ministry, the state-owned petroleum firms of Ecuador and China will set ...

  • World oil prices recover slightly as Dubai strains ease 30 Nov 2009 17:52 GMT
    ... LONDON: World oil prices perked up on Monday as investor ... last year." Dubai's debt crisis could provide China an opportunity to snap up oil and gold ... quoted a senior official as saying in Shanghai on Monday. "This may give China an ...

  • Crude oil prices tumble 27 Nov 2009 14:50 GMT
    ... NEW YORK, Nov. 27 (UPI) -- Crude oil prices tumbled Friday on the New York ... lost ground in Asia Friday with the Shanghai Composite index down 2.36 percent, the Nikkei ...


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Quote of the Day

Markets

Exchange Rates:

Chinese Renminbi:
USD 1 = CNY 6.8270
EUR 1 = CNY 10.2959

Hong Kong Dollar:
USD 1 = HKD 7.7501
EUR 1 = HKD 11.6879

Macau Pataca:
USD 1 = MOP 7.9825
EUR 1 = MOP 12.0385

Taiwan Dollar:
USD 1 = TWD 32.1650
EUR 1 = TWD 48.5080

USD 1 = EUR 0.6631
EUR 1 = USD 1.5081

Closing Stocks:
Shanghai A: 3,479.31(1.62%)
Shenzhen A: 1,275.40(-1.60%)
Hang Seng: 22,491.28(-0.28%)
Taiwan Taiex: 7,650.91(-0.44%)

Country Info About China

Visit the World Factbook for detailed information about China.
 

This Day in History

Dec. 5

Lin Piau, Chinese politician, was born.
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