WTI crude futures jumped above $120 per barrel on Monday after Saudi Arabia sharply raised prices for its crude sales in July highlighting ...

Brent crude oil futures were at $69.34 per barrel, down $1.51 per barrel, or 2.1 percent, from their last close.

Oil prices rose as the number of US rigs fell for a sixth straight week, while investors waited for Chinese trade data to be published late...

Dispute over Chinese oil rig in South China Sea led to riots in Vietnam and nearly a skirmish between Vietnam Coast Guard and Chinese ships...

The move triggered fury in Hanoi, but China rejected Vietnamese complaints and pulled the rig out on its own terms in July.

China also withdrew oil rig to avoid the typhoon Rammasun coming in the South China Sea that killed at least 27 people in the Philippines.

China upholds Five Principles of Peaceful Coexistence but China does not comply with these principles and has border disputes with every ne...

"The proposal to build an artificial island there had been submitted to the Chinese government," said Jin Canrong, a professor of IR.

Reacting to Vietnam's allegations, Chinese Foreign Ministry spokesman Hong Lei said the Vietnamese vessels rammed into Chinese ships over 1...

Many of the leaders of the anti-Chinese protests are also calling for basic democratic reforms, presenting a challenge to one-party rule.

China today hit back at US support to Vietnam and the Philippines in the South China Sea dispute saying Washington has emboldened Beijing's...

Maritime rows in the South China sea flared this month after China moved an oil drilling rig into waters also claimed by Hanoi.

This development further intensified tensions in the volatile region. Vietnam has said that a Chinese vessel intentionally rammed two of it...

State-run Oil and Natural Gas Corp (ONGC) has deferred a decision on hiring a drilling rig from Reliance Industries, even as Chinese and Eu...

Reliance Industries has been approached by Chinese and European oil majors for hiring one of its drilling rigs, which had also been sought ...

Gremach Infrastructure has inked a $1-billion contract with Baoji Oilfield Machinery (Bomco) - a 100% subsidiary of CNPC - for importing on...

China National Petroleum Corporation (CNPC) - a leading global integrated energy player - is poised to enter the oil rigs business in India.