Low Oil Prices Eat Into PetroChina, Profit Drops 77% |
| October 30, 2016 | October 2016 Bond Updates |
|
PetroChina, China's largest oil and natural gas producer, saw profits for the third-quarter plunge by 77% as the more than two-year roil in global oil markets and low oil prices hit the company hard. The company also posted lower crude production, which will force China to rely more on foreign supplies of crude oil. |
| View more at: http://www.forbes.com/sites/timdaiss/2016/10/30/low-oil-prices-eat-into-petrochina-profit-drops-77/ |
| Related News |
|