CPC Corp, a Taiwan-owned refinery, announced Tuesday it will raise prices of gasoline, diesel and gas as of Jul. 3 due to rising prices of crude oil, according to sources.
Price of unleaded gasoline and diesel will be raised by NT$1.5 per liter and NT$1.6 per liter respectively, while fuel oil will go up to NT$1,205 [...]
China National Petroleum Corp (CNPC), the parent company of the country’s largest oil maker PetroChina, has decided to raise its refined oil products output in the third quarter, according to sources.
CNPC will process 880,000 tons, or about 3% more crude oil in the third quarter of 2008, compared with the same period last year.
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Chinese industrial companies’ profits grew at half the pace of a year earlier as oil and coal costs surged, increasing the likelihood that economic growth will continue to slow.
Combined net income rose 20.9 percent to 1.09 trillion yuan ($160 billion) through May from a year earlier, the statistics bureau said today. That was less than [...]
The Central Bank of China (CBC) raised yesterday the key interest rates to a seven-year high and also boosted banks’ deposit reserve ratios in a bid to contain inflation.
CBC Governor Perng Fai-nan and his board increased the discount rate on loans to banks by 12.5 basis points to 3.625 percent as widely expected, effective today.
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Changqing oil field of PetroChina in North China’s Shaanxi province, has set a target to produce 15.2 billion cubic meters of natural gas in 2008, its parent China National Petroleum Corp (CNPC) said.
The Changqing field, located in the Ordos Basin, is gearing up to meet strong demand expected during the upcoming Beijing Olympics. As part [...]
There has been increased talk recently about the relationships between energy prices and demand levels for crude oil, natural gas, electricity, diesel, and gasoline. Even as prices have hit record levels, global demand has not fallen as sharply, or in some cases, even at all, putting into question the traditional relationship between the levels of [...]
