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China Crude Oil News is an EIN News Service for energy industry professionals. Constantly updated news and information about China Energy.
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Latest China Crude Oil News

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  • Ecuador, China to create oil joint venture 26 Nov 2009 01:43 GMT
    ... QUITO (AFP) - – Ecuador and China will form a joint venture to develop ... as Andes Petroleum y Petroriental have attracted Chinese capital, and Petrochina has signed a two-year ... Chinese military planes for Ecuador's air force. Beijing's direct investment in Ecuador has reached 2.2 ...

  • China's Strategic Petroleum Reserves Will Enable it to Survive Supply Disruptions 26 Nov 2009 08:18 GMT
    ... China is the second largest oil consumer in the ... Japan. With over 175 million tonnes of crude oil imports in 2008, China's strategic oil reserves are relatively low. ...

  • Sri Lanka move helps bullion towards $1,200 26 Nov 2009 05:51 GMT
    ... are betting that other central banks, particularly China or Brazil, and sovereign wealth funds from the oil-rich Middle ... latest US weekly inventories data. Nymex January West Texas Intermediate gained $1.94 cents to $77.02 a barrel ...

  • Asia petchems will see some relief in 2010 as economies recover 26 Nov 2009 06:56 GMT
    ... SINGAPORE (ICIS news)--Asian petrochemical companies may get a ... both of which in the third quarter. Chinese petrochemical giant, Sinopec, also showed Analysts expected the ... the high $70/bbl levels. At 05:33GMT, NYMEX light sweet crude for January delivery fell 63 cents to ...

  • Dollar Falls to 14-Year Low, Asia Bank Stocks Fall; Metals Rise 26 Nov 2009 07:17 GMT
    ... metals higher. Japanese exporter shares dropped and Chinese banking stocks declined to a two-week low. ... percent, dragged down by automakers and the Shanghai Composite Index fell 2.4 percent, led by ... at Ichiyoshi Investment Management Co. fell after China Minsheng Banking Corp. became the first of ...

  • Oil demand to outpace supply in 2010 26 Nov 2009 00:55 GMT
    ... including Iraq assessed around 28.9 million bpd, crude oil inventories could fall by almost 150 million ... strongest in countries outside the OECD, with China leading the way. "We see a healthy ... two years of contraction to growth." The Chinese economy is expected to grow by around 8 ...

  • European Stocks Set To Open Lower 26 Nov 2009 07:34 GMT
    ... session's gains, weighed down by weakness in Chinese and Japanese stocks and due to the ... with participants taking profits at higher levels. China's benchmark Shanghai Composite is currently down nearly 3%, led ...

  • Red Alert: The Second Wave of The Financial Tsunami 26 Nov 2009 02:55 GMT
    ... currency could be maintained. This is where China came in. Once China became the world’s ... world trade is denominated in dollars especially crude oil, the lifeline of the global economy. But ... is telling the whole world, especially the Chinese that if they are not happy with the ...

  • New-home sales increase, jobless claims decline push market 26 Nov 2009 06:19 GMT
    ... industries. The world's largest media company said China's approval of a 287-acrre plot of land ... of land for the company's park in Shanghai represents only a portion of the development's ... of 19 raw materials climbed 2.3 percent. Crude oil rose after a government report showed that ...

  • Asian markets continue to fluctuate at midday 26 Nov 2009 07:33 GMT
    ... Published: Thursday November 26, 2009 MYT 2:58:00 PM ... up RM11 to RM2,493 per tonne. Nymex crude oil in electronic trade fell 54 cents to US$77.42 per ...

  • The Financial Markets Liquidity Bubble Religion 26 Nov 2009 00:59 GMT
    ... The dreaded “L” word – liquidity – has once ... the fundamentals – liquidity! Can’t grasp why crude oil is up even though the demand outlook ... surging price of gold, and the booming Chinese real estate market - liquidity, liquidity, liquidity! While ...

  • Oil falls to near $77 amid mixed demand signs 26 Nov 2009 06:30 GMT
    ... barrels from a year ago. Demand from China, however, has grown in the last two ... recent data mark a significant acceleration in Chinese demand," Barclays Capital said in a report. It ... $5.16 per 1,000 cubic feet. In London, Brent crude for January delivery fell 48 cents to ...

  • Oil falls to near $77 in Asia amid weak dollar, mixed figures on strength of demand for crude 26 Nov 2009 06:41 GMT
    ... barrels from a year ago. Demand from China, however, has grown in the last two ... recent data mark a significant acceleration in Chinese demand," Barclays Capital said in a report. It ... $5.16 per 1,000 cubic feet. In London, Brent crude for January delivery fell 48 cents to ...

  • Oil falls to near $77 amid mixed demand signs 26 Nov 2009 07:15 GMT
    ... barrels from a year ago. Demand from China, however, has grown in the last two ... recent data mark a significant acceleration in Chinese demand," Barclays Capital said in a report. It ... $5.16 per 1,000 cubic feet. In London, Brent crude for January delivery fell 48 cents to ...

  • Oil down 1 percent on equities' fall, liquidation 26 Nov 2009 08:59 GMT
    ... dollar. .N But sentiment was dampened after China's key stock index sank 3.62 percent in ... $1.00 to as low as $76.85. London Brent crude was down 77 cents at $77.67. "The ... foreign currency holders. But rapid growth in Chinese oil demand is unlikely to lead to a ...


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