PetroChina is reviewing its multi-billion-dollar push to produce liquefied natural gas(LNG) to fuel trucks and ships in place of diesel.» Read More
LAUNCESTON, Australia, Aug 21- China's natural gas dilemma was neatly illustrated by two recent announcements, the first a price increase and the second the closing of two gas-processing plants.
*Coal producers down as Beijing orders curbs on oversupply. HONG KONG, Aug 21- Hong Kong and China shares weakened on Thursday after a preliminary private survey showed growth in China's vast factory sector slowed to a three-month low in August, reinforcing concerns about increasing softness in the economy.
HONG KONG, Aug 14- Hong Kong shares finished lower on Thursday, with investors taking profits on Chinese energy firms and companies that posted strong earnings. The Hang Seng Index ended down 0.4 percent at 24,801.36 points, after hitting its highest intraday level since November 2010.
The CSI300 of the leading Shanghai and Shenzhen A-share listings sank 1 percent. Among the biggest index drags in Shanghai, PetroChina shed 0.9 percent and China Life Insurance 2.1 percent. China Vanke slid 2 percent in Shenzhen, while Poly Real Estate lost 1.4 percent in Shanghai.
HONG KONG, Aug 8- Hong Kong's benchmark share index had its first losing week in four, despite strength in Chinese energy companies on Friday due to higher oil prices. The Hang Seng Index fell 0.2 percent on Friday to 24,331.41 points.
HONG KONG, Aug 7- China shares posted their biggest daily loss in 1-1/ 2 months on Thursday, as large-cap stocks from banking to energy extended a retreat from recent highs.
HONG KONG, Aug 7- China shares slid on Thursday as the country's large banks and oil firms extended a retreat from recent highs, while a weaker Macau gambling sector hurt by disappointing revenues weighed on Hong Kong markets. The Hang Seng Index and the China Enterprises Index of the top Chinese listings in Hong Kong each slipped 0.5 percent.
Qingdao port at centre of probe into alleged financing fraud. Beijing's anti-corruption campaign, which had focused on energy giant PetroChina earlier this year, has begun to turn to the mining sector and authorities are also investigating the suspected metal financing fraud at Qingdao port, China's third largest.
Shares of the oil sands producer surged as much as 4.8 percent after Athabasca Chief Executive and President Sveinung Svarte said Wednesday a C $1.23 billion deal with PetroChina Co Ltd to complete its takeover of the Dover project would close within a "reasonable time frame."
Aug 6- Canadian oil sands producer Athabasca Oil Corp reported a bigger quarterly loss as it set aside C $49 million to settle some claims by PetroChina Co Ltd's Phoenix Energy Holdings Ltd..
Aug 6- Canadian oil sands producer Athabasca Oil Corp reported a bigger quarterly loss as the company made a C $49 million provision to settle some claims made by PetroChina Co Ltd's Phoenix Energy Holdings Ltd..
HONG KONG, Aug 6- China shares fell on Wednesday but ended off early lows as solid gains in metal counters helped offset weakness in banking and energy large caps. PetroChina was the main drag on the index in Shanghai, slipping 0.6 percent. China Eastern Airlines, Air China and China Southern Airlines all added over 1 percent.
HONG KONG, Aug 6- Hong Kong and China shares dropped on Wednesday with investors taking profits on recently-strong Chinese blue-chip stocks and keeping an eye on declines in U.S. markets. The China Enterprises Index of the top Chinese listings in Hong Kong fell 0.8 percent to a two-week low.
SINGAPORE, Aug 5- U.S. crude futures steadied above $98 a barrel early on Tuesday as renewed worries over potential disruption to supplies from continuing unrest in Libya and Iraq helped oil bounce off six-month lows. *U.S. crude for September delivery was up 13 cents at $98.42 a barrel by 0007 GMT, adding to a 41 cent gain on Monday.
HONG KONG, Aug 4- State oil giant PetroChina plans to pay the more than $1 billion it needs to complete a takeover of the Dover oil sands project from Canadian firm Athabasca Oil Corp by the end of September, a person with knowledge of the deal told Reuters.
LAUNCESTON, Australia, Aug 4- China is poised to allow more private companies to directly import oil, a move that will have only a marginal impact on crude markets but may have a disproportionate impact on fuel oil prices.
Asian equities were mixed on Thursday as profit-taking overshadowed robust U.S. economic data overnight.
HONG KONG, July 31- Hong Kong shares posted their best monthly performance since 2012 on Thursday, though gains for the day were capped by weakness in a few Chinese heavyweight companies. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong also edged up 0.1 percent.
Asian equity markets were mostly higher on Wednesday ahead of key risk events in the United States.
HONG KONG, July 30- China's major indexes broke a long-winning streak on Wednesday, with early gains led by index heavyweight PetroChina Co Ltd offset by falls in property companies and banks. PetroChina was among top index boosts in Shanghai, climbing more than 6 percent at one point before trimming gains to end 3.1 percent higher.