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.

The Senate rejects another two additions coal-to-liquid proposal bill by huge margin amid the growing concern of increasing global warning. The bill, which proposed to liquefy the coal to meet with the scarcity of petroleum, got sarcasm from the..

BP Plc. is trying to restart a high-octane gasoline production unit at its refinery in Texas City. The company has already filed a request with a state regulatory agency. The restart will help offsetting any supply squeeze resulting after Valero.