China plans to launch crude oil futures marketChina, the world's largest energy consumer, on Friday took a step towards launching a market of its own for crude oil futures -- which foreign investors may be allowed to trade.
Updates on petroleum train accident near AktauAkim (Governor) of Mangystau Oblast Alik Aidarbayev visited the train driver who was injured when the petroleum train flared at the Mangystau Oblast Hospital.
Petroleum train on fire in Aktau, 2 dead one missingOil tanks are on fire near Aktau city in western Kazakhstan. Both locomotive drivers were killed by the fire, truck driver is missing, reportedly on the run.
Putin in S. Korea to push new 'Silk Road' via N. KoreaRussian President Vladimir Putin was in South Korea Wednesday to push a pet project for a new major trading route linking Asia and Europe by rail that requires prying open North Korea.
13 November 2013
Chevron ordered to pay Ecuador $9.51 bn on appeal: courtAn Ecuadoran court Tuesday upheld a ruling that US oil giant Chevron was liable for environmental damage in its Amazon basin region by sister company Texaco, but ordered it to pay a reduced $9.51 billion.
Rosneft to transit crude to China across KazakhstanLate October Russia’s Energy Minister Aleksandr Novak said that Rosneft was negotiating oil transits across Kazakhstan to China via the Kazakh-Chinese Atasu-Alashankow pipeline.