China’s energy giants are increasingly pivoting to natural gas to raise production, as demand for oil slows and global trade tensions heighten the risks of relying too heavily on imports. The nation’s ...

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. China’s crude oil imports over the first two months of the year fell 5% on 2024 as the ...

BEIJING, China - China's National Offshore Oil Corporation (CNOOC) said Monday it has discovered a major oilfield in the eastern South China Sea, with proven reserves exceeding 100 million tonnes. The ...

China announced Monday the discovery of a crude oil reserve estimated at 100 million tons in the northeastern part of the South China Sea, according to a statement from the China National Offshore ...

SINGAPORE, March 20 (Reuters) - China's fuel oil imports rose 6.8% in the first two months of 2025 from the same period last year, data showed on Thursday, as traders rushed to deliver the ...

Energy security remains a top priority for China as it seeks to reduce dependence on foreign oil. The discovery of two massive shale oil reserves marks a significant step in this effort ...

China’s pushing its oil refiners to reduce fuel output, raising new questions about demand in the largest importing nation just as the world’s drillers need buyers for the extra barrels they ...

SINGAPORE (Reuters) - Trade of Venezuelan oil to top buyer China stalled on Tuesday after U.S. President Donald Trump's order threatening tariffs on countries buying from Caracas created fresh ...

This expansion could lead to a boost in China's crude oil imports, despite recent declines. The refiner has been diversifying its crude sources, increasing purchases from West Africa and Brazil.