Hedge funds last week boosted their holdings of crude oil futures and options to the highest level in 13 weeks in a bet that Tropical Storm Bonnie would delay imports to states along the Gulf of Mexico, reducing supplies. Oil jumped 6.5 percent in the week ended Aug. 3 as the funds, along with other...

BEIJING, Aug 09, 2010 (Xinhua via COMTEX) – PetroChina (PTR.NYSE; 601857.SH; 0857.HK), China’s leading oil and gas producer, is reportedly in talks with US oil company ConocoPhillips on joint exploration and development of shale gas in China’s southwestern Sichuan province. The Upstream...