China Seeks New Oil Reserves as Economy Expands: Video

Oct. 26 (Bloomberg) -- Bloomberg's Michael Whitney reports on China's quest for new oil reserves ...  More »

Oct. 26 (Bloomberg) -- Bloomberg's Michael Whitney reports on China's quest for new oil reserves as it seeks to secure fuel for its economy, which expanded 7.9 percent in the second quarter from a year earlier. China's Cnooc Ltd. is reportedly in talks with Norway's StatoilHydro ASA to buy some of its Gulf of Mexico assets. (Source: Bloomberg)  « Less