China National Offshore Oil Corporation (CNOOC) has started phase one production at the Bozhong 26-6 oilfield development project in central Bohai Bay. CNOOC holds a 100% interest and operates the ...

China's retaliatory tariffs on the United States may cause U.S. oil exports to decline in 2025 for the first time since the ...

Oil prices rose marginally in early Asian trade on Friday but were on track for a third straight week of decline, hurt by U.S ...

Energy is everything — it fixes inflation, it absolutely secures us from a defense standpoint,” Justice told The Post. “The ...

U.S. oil prices on Tuesday gave back most of their gains from a day earlier after the U.S. implemented an additional 10% ...

Private oil processors in China have slashed their operating rates to levels last seen at the beginning of the pandemic, as U.S. sanctions on Russia cut a key source of crude supply.

China’s state-run refiners are expected to resell US oil cargoes and seek alternative supplies in the aftermath of Beijing’s ...

China’s CNOOC reported record oil and gas production from a field called Deep Sea #1. The field was the company’s first ultra ...

China's oil production is expected to remain flat in 2025, while India's oil demand growth outpaces China's amidst a shift in global energy consumption patterns.

The implications of China hitting peak oil are enormous. If Chinese demand is reaching a plateau that would fulfil projections by the IEA of global oil demand peaking before 2030. The forecast ...

US oil exports may decline in 2025 for the first time since the COVID-19 pandemic due to China's retaliatory tariffs on the United States.

Oil prices rose in early trading after the U.S. imposed sanctions on an international network facilitating the shipment of Iranian crude to China to ramp up pressure on the Middle Eastern country.