Crude Oil

China Covets Crude

By , Money Morning -

By Jason Simpkins Staff Writer China's top oil producer, PetroChina Co. Ltd. (PTR), has raised its production estimate for the Jidong Nanpu oil field. The field is located in the Bonhai Bay area and is one of China's biggest discoveries in recent history. "We estimate that, eventually, we could have proven reserves of as much […]

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Dutch Saudi Joint Project Soon to be the Largest U.S. Oil Refinery

By , Money Morning -

From Staff Reports Royal Dutch Shell PLC (RDS.A RDS.B) and Saudi Arabia's Saudi Aramco have announced the $7 billion expansion of a refinery in Port Arthur, Tex., which will make it the largest facility in the United States, according to Forbes.com. The refinery's output will be beefed up from 275,000 barrels of crude per day […]

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