Oil industry a step closer to reform
2007-04-03 14:33:26
Two new guidelines for wholesale oil product and crude licenses are set to bring about de facto market deregulation. But analysts say reform of the oil-pricing mechanism is crucial in terms of whether new players enter the market.
PetroChina's price drop fuels talk of change
2007-03-16 08:56:28
Although PetroChina Co claimed its move to cut street gasoline prices last week was a temporary and regional promotion, analysts said it might signal the trend of more flexible fuel pricing as competition increases.
Oil dependency to rise
2007-02-14 09:27:15
Industry observers forecast that in 2007, China's crude oil output will grow less than 2 percent, while demand for both crude and oil products will rise by about 6 percent.
Is market-driven oil pricing mechanism the Holy Grail?
2007-02-01 13:17:08
NDRC recently said that a more flexible oil pricing system has "stealthily" taken effect, designed to better tune local oil product prices to reflect the international one.
Refined oil price still lower than int'l market
2007-01-30 15:37:00
Despite the recent slump in oil prices in the international market, the price of refined oil is still lower in China than elsewhere in the world.
Sinopec calls for new oil pricing mechanism
2007-01-19 08:38:51
Sinopec has called for a more market-oriented oil pricing mechanism in 2007 after struggling last year to refine more oil at higher cost for local consumption.
Oil price to stay high in 2007
2007-01-18 15:06:42
Crude oil prices will continue to fluctuate at a high level this year, according to a Chinese government report.
Fuel price hike 'not enough': Sinopec
2006-05-26 13:47:48
China Petroleum & Chemical Corp, Asia's biggest oil refiner, said the decision to raise fuel prices won't end a year of refining losses caused by higher crude oil costs, according to a Shanghai Daily report Thursday.
China's oil supply faces risks: expert
2006-05-29 10:45:10
China's oil supply is facing risks, which need to be solved mainly through domestic efforts, an oil expert said.
Oil price hike could raise energy efficiency
2006-05-25 10:47:08
The latest price hike for gasoline, diesel and aviation fuel by 500 yuan (US$62.5) per ton puts China prices closer to international market standards, and is likely to encourage energy saving and promote fuel efficiency, planning officials said yesterday.
Blame oil prices on politics, not China's demand
2006-05-19 09:49:28
China is the fastest growing economy in the world. It has the fastest growing middle class. It is also one of the fastest growing fuel consumers. But that is the logical conclusion of the second proposition of the syllogism.
How China can use energy economically
2006-05-11 09:38:09
The national energy leading group chaired by Premier Wen Jiabao recently declared that "marketization is the most important element of energy policy."