Oilgame

China has added another feather to its cap of being home to emerging global giant industries with the state owned PetroChina becoming the world's largest oil producing company on Monday. The company became the first in the world to attain a market cap.

Fidelity Investments Inc. has reduced its stake significantly in PetroChina Co., China's largest oil producer, by more than 90 percent of American depositary receipts in the middle of calls for the mutual-fund giant to divest from companies linked...

Some good news for China!! PetroChina which is one of the largest oil companies in the country has struck gold in the oil fields of Bohai Bay. The company claims that this is a very rich oil field and is being considered as one of the biggest findings..