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U.S. crude oil inventories increase last...
HOUSTON, March 26 (Xinhua) -- The American Petroleum Institute (API) on Tuesday reported a build of 1.93 million barrels in the U.S. crude oil inventories for the week ending March 22. In the previou
Malaysia in last ditch effort to avert E...
The European Commission last month said the use of palm oil in motor fuel should be phased out because oil palm cultivation led to deforestation. The move is part of the EU's climate goals. Palm oil
Oil gains as Saudi stands by OPEC supply...
Oil prices rose on Monday, lifted by comments from Saudi oil minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall U.S. drilling activity.
Energy cooperation between China, U.S. b...
HOUSTON, March 11 (Xinhua) -- The oil and gas industry in China and the United States are complimentary, a senior executive of a leading Chinese energy company said here on Monday. Hou Qijun, vice pr
Oil prices mixed amid OPEC's March oil r...
NEW YORK, March 14 (Xinhua) -- Oil prices were mixed on Thursday, as OPEC lowered global oil demand for 2019 and forecast strong non-OPEC oil supply growth this year in its latest monthly oil report.
Iran warns against Israeli threat to att...
TEHRAN, March 13 (Xinhua) -- The Iranian defense minister on Wednesday warned against any attempt by Israel to attack Iran's oil tankers, Press TV reported. Iran views any Israeli naval action agains
Belarus raises export duties on oil
MINSK, March 29 (Xinhua) -- Belarus will raise exports duties on oil and oil products which are exported outside the Eurasian Economic Union (EAEU) on April 1, the government said Friday. The export
Crude oil undersupply likely in H2 2019:...
The crude oil market will likely be undersupplied in the second half of this year, creating opportunities for investors, said the latest report by global wealth management and investment banking comp
Shanghai crude oil futures open higher
SHANGHAI, March 26 (Xinhua) -- Crude oil futures were higher Tuesday in early trading on the Shanghai International Energy Exchange. The most active crude oil contract for May delivery was up 4.7 yua
Massive shale oil reserves found in nort...
TIANJIN, March 1 (Xinhua) -- Massive shale oil reserves have been found in north China's Tianjin Municipality. According to Dagang Oilfield, a subsidiary of state-owned China National Petroleum Corp.
Malaysia's palm oil stocks up 1.3 pct in...
KUALA LUMPUR, March 11 (Xinhua) -- Malaysia's palm oil stockpiles in February rose 1.34 percent month-on-month to 3.05 million tonnes, official data showed Monday. Malaysian Palm Oil Board data showe
National oil companies have special resp...
HOUSTON, March 14 (Xinhua) -- National oil companies should shoulder special responsibilities to tackle challenges in the era of energy transformation, International Energy Forum (IEF) Secretary Gene
Shanghai crude oil futures open higher
SHANGHAI, April 3 (Xinhua) -- Crude oil futures opened higher Wednesday on the Shanghai International Energy Exchange. The most active crude oil contract for May delivery was up 5.3 yuan (about 0.8 U
U.S. oil imports, exports drop last week...
HOUSTON, March 13 (Xinhua) -- Both U.S. crude oil imports and exports fell during the week ending March 8, the U.S. Energy Information Administration (EIA) said on Wednesday. According to the Weekly
U.S. oil imports up, exports down last w...
HOUSTON, April 3 (Xinhua) -- U.S. crude oil imports increased while exports decreased during the week ending March 29, the U.S. Energy Information Administration (EIA) said on Wednesday. U.S. crude o
Oil prices rise amid falling U.S. crude ...
NEW YORK, March 20 (Xinhua) -- Oil prices increased on Wednesday, after the United Stated posted a sharp decline in crude oil stockpiles last week, easing worries about potential oversupply. In the w
Oil prices mixed amid Venezuela turmoil,...
Oil prices were mixed on Thursday as traders looked to the possibility of U.S. sanctions on Venezuelan oil sector and a weekly surge in U.S. crude stockpiles. The West Texas Intermediate for March de
U.S. plan to cut Iran's oil exports to h...
TEHRAN, March 17 (Xinhua) -- The U.S.' plan to cut down Iran's oil exports to zero would have a negative impact on the global oil market, Iranian Minister of Petroleum Bijan Namdar Zanganeh was quote
4 detained for smuggling refined oil
JINAN, March 7 (Xinhua) -- Four people have been detained for allegedly smuggling more than 2,000 tonnes of refined oil into China, customs authorities said. Customs officers in Qingdao, a port in ea
Investment in shale oil, gas becomes mor...
Investment in U.S. shale gas and oil is becoming more selective due to not-so-high gas and oil prices, abundance of supply, and investors' changing behavior, according to industry insiders. "I think
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