A deal between Sinopec and Phillips could signal that the United States is to become the top supplier of LPG to China.» Read More
Asian shares slumped on Tuesday with discouraging U.S. factory orders and political ructions in Spain and Italy keeping investors cautious.
Asian shares ended mixed on Wednesday after rounds of profit taking from a sharp rally at the start of the new year subsided, while investors waited warily for corporate earnings season to kick off in full force.
Asian shares closed marginally higher on Thursday amid caution about the chances of the U.S. going over the "fiscal cliff" but Japan managed to hit a 21-month high as a strong currency buoyed investor risk appetite.
China National Petroleum Corp (CNPC) has emerged as the frontrunner to take over Iraq's West Qurna-1 oilfield from Exxon Mobil, a move that would diminish Western oil influence in Iraq a decade after the U.S.-led invasion.
Asian stocks hit multi-month highs on Wednesday as expectations of more aggressive monetary stimulus from Japan and signs of progress in reaching a U.S. fiscal deal lifted riskier assets.
Asian shares retreated from session gains on Thursday afternoon to trade mixed, but Korea hit a fresh 3-month high after its central bank held interest rates steady while a weaker yen drove Japan to an 8-month high.
Asian shares rose on Wednesday buoyed by strength in global equities markets on hopes of a deal from the U.S. budget talks and expectations for more stimulus from the Federal Reserve when it ends its two-day policy meeting later in the day.
BEIJING, Oct 8- China is spending $14 billion on pilot projects to turn coal in remote parts of the country into natural gas, a risky bet that could help meet the country's surging demand for the cleaner fuel.
Oct 1- Syncrude Canada Ltd, a Canadian oil sands company that counts Suncor Energy Inc and Nexen Inc. as partners, will start a project that may extend the life of its Mildred Lake mine in Alberta by about a decade. unit Mocal Energy and Murphy Oil Corp.
China’s economy is slowing, profits are falling and its stock market is drifting down, but its corporate bond market is moving in the exact opposite direction: it is booming, the FT reports.
Sudan has warned nascent South Sudan it would not allow what it described as widened aggression along the border. A state of emergency is already in effect after several weeks of clashes and fears are growing of an escalation into a full-blown war.
The Chinese real estate sector is being driven as much by a belief in the sector as a fear of other sectors.
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Start of the quarter usually brings in slightly stronger volume; on July 1, the NYSE Consolidated Tape did 6.7 billion shares, one of the heaviest days of the year. The key stat this morning is China's September PMI...
Chinese refiner Sinopec agreed to acquire oil and gas exploration company Addax Petroleum Corp. in a deal valued at $8.27 billion Canadian (US$7.2 billion), gaining access to reserves in West Africa and the Middle East.
Top Asian oil refiner Sinopec estimated that its net profit in the first half of this year would fall by more than 50% compared with the same period a year ago after soaring crude prices pushed its refining business deep into the red.
A pullback in crude prices should mean rising opportunities in international oil stocks, but which ones? Find out from Tim Seymour.
In the movie, Kung Fu Panda, Master Oogway, the old wise tortoise tells Dustin Hoffman's red panda character Shifu, "There are no accidents". The best technical analysts will reach a similar conclusion when a chart like Hong Kong-listed Sinopec, flashes on the screen.
China hiked retail gasoline and diesel prices by up to 18%, sending oil prices tumbling as Beijing moves to temper demand at the risk of stoking domestic angst over skyrocketing inflation.