Top Oil News

President Hugo Chavez is vowing that Venezuela will provide China with all the oil it needs “for the next 200 years.” Chavez spoke Tuesday to a visiting delegation led by Chinese Vice President Xi Jinping. The two nations are expected to sign a series of accords on Wednesday. Caracas sees China as a key partner [...]

Tags: Chavez, China, Venezuela

China raised prices for fuel by as much as 18 percent on Friday in a move that could cool the nation’s surging energy consumption. Cars line up at a PetroChina gas station ahead of expected price increase in Chengdu, China. Demand for the energy needed to fuel China’s booming economy has contributed to unheard of [...]

Tags: China, NDRC, PetroChina