The reason behind the diesel shortage was the monopoly of the oil market by a few State-owned oil giants that led to insufficient supplies when demand rose, said Zhang Yue, chairman of the petroleum unit with the All-China Federation of Industry and Commerce (ACFIC).
China's five major power-generation giants are suffering serious losses due to rising coal prices while the authorities are taking measures to curb the hikes, according to the China Electricity Council.
China's top economic planning agency repeated its order on Wednesday for coal companies to keep coal prices stable, one week after it made the same call as part of the government's efforts to check inflation.
China's chief negotiator to the UN climate change talks in Cancun has said that since 2006 the country has emitted 10 percent less pollution than the previous five years.
China National Petroleum Corp, the country's largest energy company, will expand its network of oil and natural gas pipelines by 80 percent in the five years through 2015, Bloomberg reported on Dec 1.
China Yangtze Power Co, the nation's biggest hydro-dam operator, is in talks to buy a stake in OAO EuroSibEnergo as a key investor for the Russian utility's planned initial share sale in Hong Kong, said three people familiar with the matter.
China's net coal imports are expected to jump a staggering 63 percent to more than 200 million tons in 2011, as domestic output struggles to keep pace with blazing demand, Reuters reported on Nov 30, citing Citigroup.
Now that it has successfully secured a listing on the Nasdaq global market, CEO Li Gang and NF Energy Saving Corp wants US investors to get into the flow of aiding China's future in energy conservation.
A pilot carbon capture and storage (CCS) facility built by China's Shenhua Group will begin storing carbon dioxide early next year, an official with the firm said on Tuesday.
Uranium rose to the highest in more than two years after China Guangdong Nuclear Power Co agreed on long-term supply with the two largest producers, and on expectations Asia's biggest economy will boost its reactor-building targets.
Bridas Corp, the oil company owned by Chinese crude producer CNOOC Ltd and Argentina's billionaire Bulgheroni family, agreed to pay BP Plc $7.06 billion for the 60 percent it doesn't already own of Pan American Energy LLC.
China Huaneng Group, the nation's largest electricity producer, will pay $1.23 billion for a 50 percent stake in Massachusetts-based power utility InterGen in its biggest overseas acquisition in more than two years.
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