On Monday, the Shanghai Securities News reported that China Petroleum & Chemical Corp, or Sinopec is unlikely to buy overseas oil and gas assets from its parent this year as such an asset injection is a complicated process.
Continue reading "Sinopec unlikely to buy overseas oil & gas assets"
Thursday, November 5, 2009
Flagging of its interest in the black gold this week, China National Oil Corporation secured its place in Iraq. Together with BP, it signed the first big oil deal. Why the sudden interest in oil?
Continue reading "China & Crude: Battling New Frontiers"
Wednesday, July 22, 2009
Asia’s top refiner Sinopec Corp. declared that it has processed 86.9 million tonnes of crude oil, or 3.5 million barrels per day, in the first half of this year, up 1.82 percent from a year earlier. For full story, click here
Continue reading "Sinopec H1 Crude runs at 3.5 mln bbls/day"
Thursday, June 25, 2009
Sinopec, with its $7.2 billion bid for Addax Petroleum, is seeking crucial production capacity and coveted reserves in West Africa and the Middle East to help balance its heavy reliance on crude oil processing. For full story, click here
Continue reading "Sinopec has sought Capacity, Reserves with Addax Bid"
Wednesday, June 24, 2009
The board of Addax, which is also listed in Toronto and based in Switzerland, has recommended a C$52.80 per share offer from Sinopec, the Chinese state oil and gas company. For full story, click here
Continue reading "China purchased Addax for 4.4 bln to tap Iraqi Oil"
Tuesday, May 5, 2009
Sinopec Corp’s Guangzhou refinery declared that it will process 33 percent less crude in May from April because of major maintenance work. For full story, click here
Continue reading "Sinopec’s Guangzhou repairs will cut 33% crude run"
Friday, April 3, 2009
Gasoline inventories in China’s two oil majors CNPC and Sinopec dip 2.7 percent at the end of February to 31.9 million barrels from a month earlier. For full story, click here
Continue reading "China oil majors’ gasoline dip 3 percent in Feb"
Tuesday, March 31, 2009
Asia’s top refiner, Sinopec reported that it is considering adding four large commercial storage facilities capable of holding a total of 8 million tonnes of refined oil products, to boost its supply capacity. For full story, click here
Continue reading "Sinopec looking forward to add commercial fuel stockpiling"
Tuesday, March 24, 2009
Sinopec Group reported that it processed 26.62 million tonnes or 3.29 million barrels per day of oil in the first two months of this year. For full story, click here
Continue reading "Sinopec group runs 3.29 mln bpd of crude oil in Jan-Feb"
Monday, September 29, 2008
Another rough day for investors this Monday. As it became clear that the American House of Representatives would reject the authorization law for the executive’s $700 billion financial sector bailout plan, commodities began to tank. Oil futures shed more than $10 of their value during the day, dropping to $96.37 per barrel.
Continue reading "Benchmark: Troubled waters"
The Crude Oil Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
For upcoming crude oil investing trade shows, see the following links: Oil Sands Technology Show, Houston Energy Financial Forum
OilInvestingNews.com maintains a focus on Oil exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
Monday, December 14, 2009