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PetroChina Co Ltd

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  • Hong Kong benchmark closes at highest since December Tuesday, 22 Jul 2014 | 4:08 AM ET

    HONG KONG, July 22- Hong Kong's benchmark index jumped to its highest in nearly 7-1/ 2 months on Tuesday, helped by stronger Chinese markets on the mainland and recent fund inflows which pushed up the territory's blue-chip stocks. Tencent Holdings spiked 2.1 percent, partly lifted by peer Baidu's record high close in New York.

  • China shares fall with losses led by auto and property Thursday, 17 Jul 2014 | 3:06 AM ET

    China Vanke shed 1 percent and Poly Real Estate 0.2 percent. PetroChina slipped 0.4 percent, the biggest index drag in Shanghai. A report on Caixin magazine's website late on Wednesday, citing unnamed sources, said two executives from PetroChina's overseas operations had been detained.

  • *Sands China down to 3- week low as Q2 earnings disappoint. *PetroChina drops after report on detention of two executives. HONG KONG, July 17- China shares slid on Thursday, pulling down Hong Kong markets, as investors moved from blue-chips to some beaten-down growth stocks and keep money aside for new initial public offerings.

  • BEIJING, July 14- Chinese authorities have begun criminal investigations into three former high-ranking officials over corruption allegations, state media said on Monday, two of whom were allies of powerful, retired domestic security chief Zhou Yongkang.

  • HONG KONG, July 11- Hong Kong's benchmark index finished flat on Friday and had its biggest weekly losses in two months, weighed down by underperforming banks and property counters. The Hang Seng Index closed little changed at 23,233.45, down 1.3 percent on the week- the largest loss since the week ended May 9.

  • LONDON, July 10- Two years ago Total's chief Christophe de Margerie launched a "high risk, high reward" oil exploration strategy, betting he could hit a bonanza, even though his rivals had failed to make big discoveries.

  • The agreements, which involve companies and research institutions, were signed in Beijing ahead of a two-day visit to China by top Obama administration officials including Secretary of State John Kerry, Treasury Secretary Jack Lew and Energy Secretary Ernest Moniz.

  • Yuan slips as Chinese oil giants buy dollars Tuesday, 8 Jul 2014 | 1:28 AM ET

    SHANGHAI, July 8- China's yuan fell slightly against the dollar on Tuesday, with dollar demand from Chinese oil giants offseting a stronger central bank midpoint, traders said. "Oil firms were seen buying dollars in morning trade, pushing the yuan lower," said a trader at a Hong Kong bank in Shanghai.

  • China pushes for speedy political solution in Iraq Monday, 7 Jul 2014 | 10:22 PM ET

    BEIJING, July 8- China hopes that Iraq can form a new inclusive government as soon as possible and will support efforts by Baghdad to protect its sovereignty, state media cited China's special envoy to the Middle East as saying on a visit to a key energy supplier.

  • BEIJING, July 3- Chinese petrochemical imports have become the latest commodity financing tool to come under investigation for possible fraud, highlighting the risks from the widespread use of raw materials as collateral to raise loans and skirt credit restrictions.

  • July 2- Energy utility UGI Corp said it reached an agreement in principle to buy French oil major Total SA's LPG distribution business in France for about 400- 450 million euros. UGI distributed about 600 million retail gallons of LPG throughout Europe in fiscal 2013, including more than 250 million retail gallons of LPG by its unit Antargaz in France.

  • SHANGHAI, June 26- Chinese gold processing firms have since 2012 used falsified gold transactions to borrow 94.4 billion yuan from banks, the country's chief auditor said.

  • *New IPOs surge daily limit in Shenzhen debut. HONG KONG, June 26- China shares rose on Thursday as the first initial public listings to debut on the mainland in more than four months rose sharply, bolstering sentiment.

  • HONG KONG, June 24- Hong Kong shares on Tuesday recovered a bit of the ground lost the previous day when the index had its biggest fall in more than three months, although gains were limited by weaker Chinese gas and oil firms. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong gained 0.5 percent.

  • HONG KONG, June 24- Hong Kong shares early on Tuesday clawed back some of the previous session's big losses, while China's onshore markets also edged up in choppy morning trade. Gains in Hong Kong were capped largely by losses in Chinese gas and oil firms, which were impacted by an anti-corruption drive in the sector.

  • HONG KONG, June 16- Hong Kong shares finished a tick lower on Monday, with investors remaining cautious and awaiting direction from a U.S. The Hang Seng Index closed down 0.1 percent at 23,300.7 points. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong inched up 0.1 percent.

  • HONG KONG, June 16- Shanghai shares closed at their highest in almost two months on Monday, as gains accelerated in the afternoon after China lowered reserve requirements for some listed banks which boosted their stocks. The CSI300 of the leading Shanghai and Shenzhen A-share listings also gained 0.7 percent, finishing at its highest since April 23.

  • HONG KONG, June 16- China shares eked out slim gains in a choppy morning session on Monday, lifted by strength in energy firms after President Xi Jinping's call for a drastic change in the sector as demand rises and supply is constrained. Hong Kong shares remained tepid with investors awaiting direction from a U.S.

  • COLUMN-U.S. fracking giant goes to China: Kemp Wednesday, 11 Jun 2014 | 9:25 AM ET

    LONDON, June 11- Start-of-the-art American fracking technology is coming to China's vast shale deposits as a result of a joint venture between FTS International and Sinopec announced on Tuesday. Since 2012, it has concluded joint ventures with local partners in Brazil as well as Saudi Arabia and Oman.

  • BEIJING, June 9- Revamping a PetroChina subsidiary refinery to process sour crude is taking months longer than expected, cutting the firm's crude oil purchases from Saudi Arabia, two industry sources said.