Power-coal prices hit the highest point

2011-05-03 11:17:31

Power-coal prices continued to rise at Qinhuangdao Port during May Day holiday, with an average increase of 15 yuan per ton, Shanghai Securities News reported Tuesday.

Oil companies roll out the barrel

2011-05-03 07:53:23

Oil companies are continuing to post strong results, with Chevron Corp and Total SA the latest to post sharp increases in profits.

Sinopec, CNPC urge changes to consumption tax

2011-05-03 10:36:25

Two of China's largest companies have apparently asked the government to temporarily lower or withdraw its levy on fuel oil consumption.

Oil giant under new fire for extravagance

2011-04-29 14:08:02

A subsidiary of the China Petrochemical Corporation (Sinopec Group) breached the group's internal rules by handing out millions of yuan in bonuses to executives and employees between 2008 and 2010, the Beijing News reported on Thursday, citing a company document.

CEC warns 30m-kW power shortage

2011-04-29 13:45:43

The China Electricity Council (CEC) issued a report Thursday forecasting the nation may face an electricity shortage of 30 million kW in the summer, according to a Sina.com report.

Sinopec Q1 net profits up 25.22%

2011-04-29 11:12:08

Sinopec Corp, Asia's top oil refiner, said on Thursday that its net profits in the first quarter this year rose 25.22 percent year on year to 20.64 billion yuan ($3.17 billion).

PetroChina looks for boost from higher production

2011-04-29 09:47:54

PetroChina Co, Asia's biggest company by market value, will benefit from higher oil and gas production this year as government controls on diesel and gasoline prices lead to refining losses, analysts said.

Power cuts worst for smaller businesses

2011-04-28 14:47:30

Power shortages across the country in recent weeks have forced some provinces to ration electricity for industrial use, causing severe financial losses to private enterprises in Central and East China.

Rise in crude prices boosts CNOOC revenue

2011-04-28 14:33:21

China's offshore oil producer CNOOC Ltd said its revenue rose 59 percent in the first quarter from a year earlier.

China set to increase use of biofuels

2011-04-28 11:10:15

China can become a leader in the production of second-generation (2G) biofuels, made from agricultural waste instead of foodstuffs.

PetroChina's net profits up 13.9% in Q1

2011-04-28 09:52:08

China's oil giant PetroChina Co. announced Wednesday that its net profits in the first quarter this year rose 13.9 percent year-on-year to 37 billion yuan ($5.68 billion).

Green leap viable in less developed areas

2011-04-26 17:59:09

Clean energy business can find opportunities not only in rich communities, but also in least developed areas, experts from Tsinghua University and Cornell University said.