President Donald Trump's global trade war has created tumult in the oil market that Saudi Arabia did not seek, but can turn ...

Libya is set to offer 22 areas for oil exploration and development in its first such bidding round in more than 17 years, oil ...

When the economy slows down, the price of oil tends to fall. But this time, OPEC+ is increasing production despite weak ...

Oil prices experienced a sharp decline this week due to the announcement of U.S. tariffs on trade partners and OPEC+'s ...

Chinese state-owned oil giant CNOOC Ltd., which stands for China National Offshore Oil Corporation, has followed through on ...

China's National Offshore Oil Corporation (CNOOC) has found a significant oilfield in the eastern South China Sea, with proven reserves surpassing 100 million tonnes. The discovery, located near ...

driven by the increased production of oil and natural gas, according to a report released by China National Petroleum Corp Economics and Technology Research Institute in Beijing in January.

China has discovered large-scale integrated clastic oilfield in deep to ultra-deep layers for the first time in South China ...

The US Energy Information Administration says the South China Sea is mostly underexplored because of territorial disputes, ...

China's largest ultra-deep oil and gas production base, the Tarim oilfield, has extracted 150 million metric tons of oil and gas equivalent from formations deeper than 6,000 meters so far, as China's ...

Oil futures fell to a nearly four-year low in a second day of heavy selling after China retaliated against U.S. tariffs with duties of its own, adding to concerns about a loss of demand. WTI fell 7.4% ...

China’s state-owned CNOOC Ltd has started oil production from the Liuhua 11-1/4-1 oilfield secondary development project in the South China Sea. The project comprises two oilfields — Liuhua 11 ...