CNOOC<883><CEO>, China’s largest producer of offshore crude oil and natural gas, is targeting Africa’s Caspian Sea and Asian Pacific regions for its acquisition plans, instead of Russia, where the company sees a potentially higher risk.
Despite a rapid growth in Russia’s oil output, CNOOC may not have the capacity to develop in the region yet. With [...]
The prices of thermal coal continued to rise in China in October, with high prices recorded in producing, transferring and consuming places.Further tightening of coal supply in Datong caused a 10 yuan/t of rise on the purchase price at coalyards in October. The tax-excluding price for thermal coal with calorific value above 5800 Kcal/kg at [...]
The World Trade Organization (WTO) on Tuesday decided to set up an expert panel to investigate US allegations that China limits imports of movies, DVDs, music and certain publications.
The United States has complained to the WTO that China’s certain measures constituted restrictions to the imports of publications and audiovisual entertainment products.
But China stresses that it [...]
China has resumed exports of grilled eels to Japan after a four-month suspension triggered by reports saying banned drugs had been found in the products.
Inspection and quarantine authorities in southern China’s Guangdong Province, the country’s leading eel exporter, said exports to Japan resumed in mid November. In addition, several Japanese importers had visited Guangdong over [...]
Fuel oil futures on the Shanghai Futures Exchange closed at RMB 4.712, increasing by 4.4% from the previous trading day, thereby recording the largest one-day increment since early 2006.
As contract prices soared an accumulative 6.3% since last Thursday, crude oil prices are expected to continue to rise. Li Jingyuan, an analyst at Haifu Futures Co, [...]
The Chinese government has ordered the two largest state-controlled oil companies to supply crude to privately owned refineries and buy their fuel products to help end shortages of diesel and gasoline.
China National Petroleum Corp. and China Petrochemical Corp. were told to provide crude to private processing plants, so- called “teapot refineries,” in northern and eastern [...]
