Reuters | China Considers Oil Megamergers — Energy Journal Wall Street Journal (blog) China wants to make its oil industry more efficient and competitive, so it's considering merging its state oil companies, The Wall Street Journal reports. One option is to combine China National Petroleum Corp. and its main domestic rival, China ... China to crank up oil product exports, add to supply glut China ponders plan to create oil 'supermajor' China considering merging state oil firms to better compete: Report |