China has launched a new ultradeep drilling campaign, aiming to unlock oil and gas resources from depths exceeding 8,000 ...

China's oil heartland transitions to hybrid energy ecosystem (Voice_over) In China’s northeastern heartland, where oil once ...

Several independent oil refineries in eastern China have halted operations, or plan to do so, for indefinite maintenance periods as new Chinese tariff and tax policies plunge them deeper into losses, ...

A new report says China’s power industry began construction on nearly 100 gigawatts of new coal plant capacity last year, the ...

China has been steadily building more petrochemical plants ... on an EV production line. If China succeeds in replacing petrol and diesel vehicles, it may decide to refine crude oil into different ...

Permanent plant ... production expanded 6.2% last year to a record 246.4 billion cubic metres, as state oil firms boosted output at top onshore basin Sichuan and offshore reservoirs in the South ...

The Trump administration on Thursday sanctioned individuals affiliated with an international network accused of selling millions of barrels of Iranian oil to China in an effort to fund Iran’s ...

At 11:59 GMT, Light Crude Oil Futures are trading $71.74, down $1.42 or -1.94%. U.S.-China Trade Dispute Weighs ... confirming that planned production increases will proceed as scheduled.

At the start of 2025, China raised import tariffs for fuel oil and enforced changes to tax rebates. "Under the new policy, it's very hard for plants to sustain production," said one manager ...