Wanli Going On
Little New Year
Little New Year, which falls about a week before the lunar New Year, is also known as the Festival of the Kitchen God, the deity who oversees the moral character of each household.In Chinese tradition
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Happy Laba Rice Porridge Festival
The Laba Festival is a traditional Chinese holiday celebrated on the eighth day of the twelfth month of the lunar Chinese calendar. "La" is the name given to the 12th lunar month and 8 is pr
View more newsVictoria proposes frac ban law for CSG, tight oil, gas
The Victorian government has introduced legislation into parliament to permanently ban hydraulic fracturing for coal seam gas and tight oil and gas resources throughout the state. The government also
View more newsOPEC deal to an agreement to reduce oil production or not?
With OPEC members heading toward a possible showdown this week at their meeting in Vienna, crude prices rallied Monday as traders bet that major oil producers can still reach an agreement to cut produ
View more newsAfter two years, why an OPEC deal now?
OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed to make an agreement possible now, after it had eluded negotiators at previous OPEC meeti
View more newsNorway Oil and Gas Investment Gloom Seen
Norway's oil and gas sector faces another two years of falling investment as the industry's downturn lasts longer than expected, a lobby group forecast on Monday.A 50 percent drop in crude pri
View more newsAsia and Russia begin to cut down their oil production
More and more oil companies begin to cutting down their oil production when the agreement of OPEC go into effect. Russia oil production has fallen by 180,000 barrels a day in the last two weeks, putti
View more newsBrent crude oil rallies pending inventory
Light, sweet oil prices for March settled above $54/bbl on the New York market Feb. 21 and the Brent contract for April settled above $56.60/bbl on the London market. Crude oil prices rallied as tradi
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