China

Chevron's planned drilling campaign in the South China Sea is the latest indication that the region could become a major source of domestic gas production. Conventional sources are... 2011-10-18

BMI View: News that a plan to overhaul China's retail fuel price mechanism has been submitted to the cabinent indicates that the country is getting ready for an overhaul of its downstream... 2011-10-14

The sale of ConocoPhillips' Vietnamese acerage would complement the company's strategy and reduce its exposure to above and below-ground risks in the region. However, the main stumbling... 2011-10-13

Data from China's General Administration of Customs (GACC), released on October 13, indicated that China imported 4.98mn barrels per day (b/d) of crude oil in September 2011. Meanwhile,... 2011-10-13

China's state-run oil companies, notably PetroChina and Sinopec, will bear the brunt of China's new resource tax measure.

BMI View: Russian Prime Minister Vladimir Putin's visit to Beijing is unlikely to result in an agreement on gas exports to China. Nevertheless, it is a demonstration that both sides... 2011-10-11

BMI View: The CNY0.38 (US$ 0.06) per litre cut in diesel and gasoline prices announced by the NDRC is an indication that China, far from liberalising prices, is actively trying to tame... 2011-10-10

PetroChina's plans to produce 1bcm of shale gas by 2015 is a definitive sign that China is moving towards commercial shale production. While this move heralds progress, we see policy... 2011-09-26

BMI View: The US$75.1mn loss recorded in China's refining industry in July stems from rising oil prices, increasing distribution costs and a stringent governmental fuel subsidy policy.... 2011-09-23

We believe Husky's decision to sanction the Liwan gas project is a positive step as it will provide exposure to the booming Chinese gas market and allow the firm to diversify its production... 2011-09-20