Global oil companies are gritting their teeth as crude's slump cuts into their profits, but reports suggest Chinese national oil firms may be immune.» Read More
PetroChina is reviewing its multi-billion-dollar push to produce liquefied natural gas(LNG) to fuel trucks and ships in place of diesel.
Crude oil futures slipped in light volume, as traders booked profits after three days of gains ahead of Christmas.
A billionaire Chinese petrochemical entrepreneur became the fifth senior industry figure to become enmeshed in a corruption investigation. The New York Times reports.
China's drive against corruption moved into the oil sector, as authorities announced that executives of China National Petroleum Corporation were under investigation. The NYT reports.
Earnings season officially kicked off today, and a number of negative preannouncements from S&P 500 companies could mean ugly results.