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PetroChina’s Revenue and Profit Took a Hit From Dangerous Oil Prices

May 01, 2016 10:42 PM EDT

PetroChina, a state-owned oil company and the country's largest oil producer, saw a decline in its profits during the first quarter of the year.

China National Offshore Oil Corporation's (CNOOC) oil rig is seen in China's Bohai Sea.

China Becomes World's Second Largest Oil Refining Country

Iesha javed |

Mar 22, 2016 09:15 AM EDT

According to the 2016 China Oil and Gas Industry Development Analysis and Development Report, issued by the China Petroleum Enterprise Association and China Oil and Gas Industry Development Research Center on March 21, China is the world's second largest oil refining country after the United States.

Experts: "Don't Blame China for Plunging Oil Prices"

Carlos Castillo |

Jan 21, 2016 09:12 AM EST

China consumed a record 10.32 million barrels of oil each day last year, according to preliminary calculations issued on Tuesday by Reuters.

Saudi Arabian King’s Actions, Rise in Crude Oil Price Boost Dubai Stocks

Vittorio Hernandez |

Feb 02, 2015 08:38 PM EST

The two-month salary bonus ordered last week by the new Saudi Arabian ruler, King Salman, and the rise in crude prices translate into better performance of the Dubai bourse.

Gas Prices Forecast to Dip to $2.64 per Gallon

Vittorio Hernandez |

Jan 06, 2015 02:37 AM EST

Due to the continuous decline of crude oil prices, American motorists are expected to save US$750 per household as pump prices are forecast to average US$2.64 a gallon in 2015.

US Gas Prices Hit 5 ½-Year Low Of US$2.47 A Gallon

Vittorio Hernandez |

Dec 22, 2014 03:33 AM EST

The continuing drop in the price of oil in the international market gave American motorists an advanced Christmas present as price of regular-grade gasoline went down to a five-and-a-half-year low of US$2.47 per gallon.

Failure Of OPEC To Assure Market That Oil Price Won’t Collapse Causes 4.1% Drop In WTI Net-Long Positions

Vittorio Hernandez |

Nov 24, 2014 03:55 AM EST

The once very powerful oil cartel, the Organization of Petroleum Exporting Countries (OPEC), is not impressing hedge fund managers over the group's failure to assure the market that oil prices won't collapse.