Crude palm oil prices to improve as stoc...

KUALA LUMPUR, April 11 (Xinhua) -- Malaysia, the second largest palm oil producer, may see crude palm oil prices to strengthen towards mid-year as stockpiles set to ease further on improved exports a

U.S. oil imports, exports down last week...

HOUSTON, April 11 (Xinhua) -- U.S. crude oil imports and exports both decreased during the week ending April 5, the U.S. Energy Information Administration (EIA) said on Wednesday. U.S. crude oil impo

Shanghai crude oil futures close higher

SHANGHAI, April 11 (Xinhua) -- Crude oil futures closed higher Thursday at the Shanghai International Energy Exchange (INE). The most active crude oil contract for May delivery was up 4.4 yuan (about

U.S. crude oil production remains level ...

HOUSTON, April 11 (Xinhua) -- U.S. crude oil production remained level during the week ending April 5, U.S. Energy Information Administration (EIA) said on Wednesday. According to EIA's data, U.S. cr

Shanghai crude oil futures open higher

SHANGHAI, April 11 (Xinhua) -- Crude oil futures were higher Thursday in early trading on the Shanghai International Energy Exchange. The most active crude oil contract for May delivery was up 5.3 yu

U.S. crude oil inventories increase last...

HOUSTON, April 10 (Xinhua) -- U.S. crude oil inventories increased during the week ending April 5, the U.S. Energy Information Administration (EIA) said in a report on Wednesday.According to the Week

Kenyan campaigners urge protection of co...

NAIROBI, April 10 (Xinhua) -- Kenya should enact a robust legislative framework to ensure that land and other natural resources owned by indigenous communities are protected during exploration of oil

China selects first oil-producing palm t...

HAIKOU, April 10 (Xinhua) -- The Chinese Academy of Tropical Agricultural Sciences has selected the first oil-producing palm tree species for mass production in China. Zeng Xianhai, the chief scienti

Feature: Chinese oil refiner builds Chin...

KUWAIT CITY, April 10 (Xinhua) -- In the southern desert of Kuwait, the Kuwait New Refinery Project (NRP), launched with the help of China Petrochemical Corporation (Sinopec), is under construction w

U.S. crude oil production hits record le...

HOUSTON, April 9 (Xinhua) -- U.S. crude oil production reached a record level in 2018, the U.S. Energy Information Administration (EIA) said on Tuesday. According to the EIA, annual U.S. crude oil pr