text

Taiwan oil maker fined heavily over tainted lard

Taiwan has fined a cooking oil supplier 50 million New Taiwan dollars (1.67 million U.S. dollars) over its sale of tainted lard, the public health watchdog said Wednesday.

text

U.S. oil companies call for exporting oil as domestic output rises

U.S. oil companies on Thursday urged the federal government to lift export ban and start exporting oil as the nation has been seeing a rapid increase in domestic oil production in recent years.

text

Taiwan police seizes hundreds of tonnes of recycled waste oil

Taiwan police on Thursday busted a ring of six people selling hundreds of tonnes of recycled waste oil used for cooking, in a latest food scandal to rock the island.

text

Oil import license ends state monopoly

Guanghui Energy Co. Ltd has become the first private enterprise licensed to ship crude oil into China.

text

Slovak oil reserves can last seven months if Ukraine halts supplies

​ If Ukraine halts oil supplies, Slovakia still will have reserves for seven months, Slovak Prime Minister Robert Fico said on Monday.

text

Biggest Australian oil discovery in 20 years: oil companies

A consortium of energy companies announced on Monday they have discovered a new oil field off the coast of Western Australia in the biggest oil strike in Australia in 20 years.

text

Palestine to move on with oil plan in West Bank despite Israeli objections

The Palestinian National Authority (PNA) decided that it will carry forward an oil exploration plan in the West Bank despite Israel's rejections, a senior Palestinian government official said on Wednesday.

text

U.S. analysts predict more reserves in key oil areas

U.S. energy analysts have drawn a rosy picture for one of the country's largest shale areas, predicting more reserves of crude oil.

text

Explosion rips through refinery in east China

An explosion ripped through an oil refinery and triggered a fire in eastern Chinese city of Nanjing Monday noon, local firefighters said

text

Kenya extends Australia firm licence for explore oil

The Kenyan government has granted a year extension to an Australian oil and gas firm Pancontinental to plan future explorations in the East African nation.

text

World's largest oil trade show concludes with heavy Chinese presence

Offshore Technology Conference (OTC) 2014, the world's largest oil trade show, concluded Thursday in the U.S. city of Houston with a record high attendance, including a heavy Chinese presence.

text

Indonesia seeks EU acknowledgment of palm oil standard

Indonesia, the world's largest producer of palm oil, is negotiation with the European Union for the group acknowledgment on the country's environmental standard in producing palm oil, Indonesian senior official said here on Monday.

text

China tightens checks on cod-liver oil products

China's food and drug watchdog Monday promised increased safety checks of cod-liver oil products following media exposure of the hazards of overconsumption.

text

S.Korea to build oil storage facility to become regional oil hub

South Korea planned to build large- sized oil storage facilities to become an oil hub in the Northeast Asian region amid growing demand for such facilities, the commerce ministry said Wednesday.

text

China promotes pipeline business opening-up

China has issued a plan to open up its largely monopolized oil and gas pipelines, in a bid to increase the facilities' efficiency, energy authority said on Monday.

text

Sinopec opens distribution business amid mixed ownership drive

China's top oil refiner Sinopec announced on Wednesday that it would bring in social and private capital to jointly market and sell its oil products, the first opening up of the largely monopolized area.

text

China's aviation biofuel goes into commercial use

China started commercial use of aviation biofuel on Wednesday, in a bid to ease fuel pressure and cut carbon emissions.