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News Analysis: climate change could turn...
by Eric J. Lyman ROME, March 6 (Xinhua) -- Extreme weather has dealt a devastating blow to Italy's olive oil sector, slashing production by 57 percent. Some expert said it is most likely turning Ital
Oil prices rise amid Saudi minister's re...
NEW YORK, March 11 (Xinhua) -- Oil prices rebounded on Monday, as Saudi Energy Minister Khalid al-Falih said it would still take some time for OPEC and its allies to decide whether to change their cu
Shanghai crude oil futures close higher
SHANGHAI, March 21 (Xinhua)-- Crude oil futures closed higher on Thursday at the Shanghai International Energy Exchange (INE). The most active crude oil contract for May delivery jumped 8.6 yuan (1.2
Oil prices fall amid rising greenback
NEW YORK, March 21 (Xinhua) -- Oil prices decreased on Thursday. Yet the U.S. crude price reached a high level of nearly 60 U.S. dollars amid lower weekly U.S. crude oil stockpiles and rising greenba
Oil prices rise amid lower OPEC supply
NEW YORK, April 1 (Xinhua) -- Oil prices rose on Monday, as a latest survey showed the Organization of the Petroleum Exporting Countries (OPEC) lowered its daily production in March, easing concerns
U.S. crude oil imports, exports down las...
HOUSTON, Feb. 27 (Xinhua) -- Both U.S. crude oil imports and exports decreased during the week ending Feb. 22, the U.S. Energy Information Administration (EIA) said on Wednesday. According to the Wee
Shanghai crude oil futures open lower
SHANGHAI, March 20 (Xinhua) -- Crude oil futures were lower Wednesday in early trading on the Shanghai International Energy Exchange. The most active crude oil contract for May delivery was 2.3 yuan
Shanghai crude oil futures open lower
SHANGHAI, March 28 (Xinhua) -- Crude oil futures were lower Thursday in early trading on the Shanghai International Energy Exchange. The most active crude oil contract for May delivery was down 4 yua
Chinese oil firm aims for Final Investme...
KAMPALA, March 2 (Xinhua) -- China National Offshore Oil Corporation has said it seeks to reach the Final Investment Decision (FID) in Uganda's oil sector by mid this year. Cui Yujun, vice president
Roundup: Weekly oil prices mix but still...
The weekly oil prices mixed during the week ending March 22, with the price of West Texas Intermediate (WTI) for April delivery up 0.89 percent and Brent crude oil for May delivery down 0.19 percent.
PetroChina profits surge over higher oil...
BEIJING, March 21 (Xinhua) -- PetroChina, China's largest oil and gas producer, said Thursday its net profits surged over 130 percent last year due to higher global oil prices and strong natural gas
Shanghai crude oil futures open higher
SHANGHAI, April 1 (Xinhua) -- Crude oil futures opened higher Monday on the Shanghai International Energy Exchange. The most active crude oil contract for May delivery was up 6.6 yuan (0.98 U.S. doll
OPEC, non-OPEC nations meet in Azerbaija...
OPEC and Non-OPEC countries held a ministerial panel here on Monday amid statements by senior officials that oil cuts will remain in place until June, the state-run news agency AZERTAC reported. The
Shanghai crude oil futures close higher
SHANGHAI, March 20 (Xinhua)-- Crude oil futures closed higher on Wednesday at the Shanghai International Energy Exchange (INE). The most active crude oil contract for May delivery was up 2 yuan (abou
Shanghai crude oil futures close lower
SHANGHAI, April 4 (Xinhua) -- Crude oil futures closed lower Thursday at the Shanghai International Energy Exchange (INE). The most active crude oil contract for May delivery was down 2.3 yuan (0.34
Cuba, China start landmark cooperation i...
HAVANA, March 28 (Xinhua) -- China's Geological Survey (CGS) and Cuban research centers in the fields of oil exploration and geology have recently signed two memorandums of understanding (MoUs), pavi
Urgent: U.S. slaps sanctions on Venezuel...
WASHINGTON, Jan. 28 (Xinhua) -- The United States on Monday slapped sanctions on a state-owned oil firm in Venezuela, said the White House. Enditem
Oil prices fall amid rising U.S. oil rig...
Oil prices extended losses on Monday, starting off the last week of January with a red tally, as increasing oil rigs in the United States fueled concerns over a potential supply glut. Oil rigs in the
Indonesia's palm oil export grows 4 pct ...
JAKARTA, March 1 (Xinhua) -- Indonesia's export of palm oil and derived products grew to 3.25 million tons in January, up 4 percent from a month earlier, the national palm oil exporters association (
Oil prices rise amid falling U.S. crude ...
NEW YORK, March 13 (Xinhua) -- Oil prices rose on Wednesday, as U.S. crude oil inventories dropped last week, easing concerns over supply surplus across the board. U.S. commercial crude oil inventori
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