Yahoo News | China Oil Turns on Cash Taps Bloomberg Five years after the oil industry's capital spending budget first neared the $500 billion mark, it's still not forecast to be much more than half that amount next year. On the Rebound. Capital spending by the oil and gas industry is recovering, but ... China oil giant Sinopec posts 44% jump in net profit Sinopec Now Offers Best Dividend Yield Among Asia Oil Majors |