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Oil rally runs into turbulence after jump in Chinese virus cases

(Bloomberg) A nascent rebound in oil prices ran into turbulence after China’s Hubei province reported almost 15,000 new coronavirus cases as it changed its...

China reneges on commodity deals worsening global trade chaos

(Bloomberg) Global commodity trade plunged deeper into chaos as Chinese companies started walking away from purchase contracts because of the spread of the deadly...

China opens up oil and gas exploration, production for foreign, domestic...

(Reuters) - For the first time, China will this year allow foreign companies to explore for and produce oil and gas in the country,...

China will determine the future of Venezuela

(Al Jazeera) On January 23, when US-backed opposition leader Juan Guaido declared himself interim president of Venezuela, he thought deposing President Nicolas Maduro from...

Juan Guaido: Why China should switch sides in Venezuela

(Bloomberg) China is the world's largest oil importer and Venezuela has the largest proven oil reserves in the world. For those two reasons alone,...

China slams brakes on U.S. crude oil imports

(Bloomberg) Even though Beijing hasn’t sanctioned American oil imports yet, Chinese buyers aren’t taking any chances. The world’s second largest economy halted purchases of U.S....

Sinopec reports best quarter in years after oil prices rebound

(Reuters) - China Petroleum & Chemical Corp, the country’s largest refiner, reported its best quarterly profit in years on strong upstream and refining business...

Guyana discoveries help give China foothold in region but big spending...

China National Offshore Oil Corporation (CNOOC) is a minority partner in ExxonMobil's major oil discoveries in Guyana and the company has nabbed licenses in...

CNOOC wants China to speed up reform of fuel pricing

Chinese operator CNOOC Ltd, a joint venture partner together with ExxonMobil and Hess in the Stabroek Block offshore Guyana, is calling on Beijing to...

After targeting U.S. farms, China can strike America’s shale

(Bloomberg) Beijing on Wednesday took aim at America’s rural heartland by proposing levies on politically sensitive farm commodities such as soybeans, which were among 106 U.S....