China will import less transport fuel in the month of the Olympics as domestic refiners raise output to ensure stable supply and as stockpiling slows amid a drop in crude oil prices, a Reuters survey showed.
The country will import 530,000 tonnes of diesel for August, almost 40 percent below last month’s 860,000 tonnes, trade estimates [...]
PetroChina Co Ltd will release official gas reserve estimates for Longgang field in southwestern China’s Sichuan province in October, the China Business News reported.
The paper quoted a company official as saying that the field, situated on the boundary between the three counties of Yilong, Yingshen, and Pingchang, holds at least 300 bln cubic meters of [...]
China’s top oil producer, PetroChina, announced its shareholders had agreed at a Thursday board meeting to issue up to 60 billion yuan (8.6 billion U.S. dollars) of corporate bonds on the mainland market.
The move was intended to “satisfy the operational needs of the company, further improve its debt structure, reduce financing costs and supplement working [...]
The government may not consider a further boosting of refined oil prices and pricing deregulation until the end of the Olympics in spite of the recent global drop in oil prices.
Speaking to China Daily, experts and industry insiders said the government would not regard the fall in world oil prices as a “window opportunity” for [...]
Top Asian oil and gas producer PetroChina will sell its 50 percent stake in China United Coalbed Methane Co Ltd to the parent of China Coal Energy, exiting their venture in favour of producing the fuel on its own.
A China Coal executive said on Tuesday the two partners had disagreed on the direction of China [...]
Shanghai’s key stock index dropped today as coal producers paced the decline on expectations a decline in the price of crude oil will reduce demand for the alternative fuel.
The Shanghai Composite Index lost 0.48 percent, or 13.64 points, to 2,836.67 at 3pm.
Losers in the Shanghai market outnumbered gainers 496 to 317 while 15 did not [...]
