RUS | ENG
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2014-10-30 18:50:00

PETROCHINA: THE LOWEST

PETROCHINA: THE LOWEST

Brent has lost a quarter of its value from its peak in June. That's bad news for PetroChina Co. (857) and Cnooc Ltd. (883), which made most of their profit this year from oil and gas production. The shares dropped in today's trading.

PetroChina, the nation's biggest explorer, posted its lowest profit in eight quarters yesterday, while Cnooc Ltd., which only reports quarterly sales, saw a decline of 4.6 percent. The plunge in crude may cause PetroChina's profit margin to shrink and lead Cnooc, the country's biggest offshore oil and gas producer, to stop some high-cost projects.

"The negative impact from lower…

Log in to read the publication.

An authorized user gets access to four FREE publications per month.

You can also buy a full access to all publications of the site since January 2014.

Get full access:
Tags: PETROCHINA, OIL, GAS, PRICES, BRENT,
Chronicle:
PETROCHINA: THE LOWEST
2019, April, 24, 11:25:00
OIL PRICE: OPEC + IRAN
OPEC is due to meet in June, where the Iran question will no doubt be raised. But oil and gas leaders are taking a cautious approach, with Kuwait's oil minister Khaled Al Fadhel noting that a decision would be taken only after a review of oil prices.
PETROCHINA: THE LOWEST
2019, April, 24, 11:20:00
OIL PRICE: OPEC + RUSSIA
the risk of oil prices heading well above $70/b to the oil market and the global economy, while also saying that if prices were too low it would hit investment in the industry and key oil producing countries.
PETROCHINA: THE LOWEST
2019, April, 24, 11:15:00
CHINA AGAINST IRAN SANCTIONS
China is resolutely opposed to the United States enforcing unilateral sanctions or “long armed jurisdiction”, Geng Shuang, a ministry spokesman, told a daily news briefing.
PETROCHINA: THE LOWEST
2019, April, 24, 11:10:00
21ST AFRICA ENERGY FORUM | 11-14TH JUNE | PORTUGAL
The Africa Energy Forum (AEF) is the global investment meeting for Africa’s power, energy, infrastructure and industrial sectors.
PETROCHINA: THE LOWEST
2019, April, 24, 11:05:00
OIL PRICES: SHALE & FRACKING
As the BRENT surges past 73$/barrel, it's expected that Brent trades at a premium with regards to the Brent-Dubai Spread Chart.
PETROCHINA: THE LOWEST
2019, April, 24, 11:00:00
U.S., IRAN SANCTIONS
Oil futures settled at fresh six-month highs Monday as the market looked at an increasingly tight global supply picture in light of the White House decision. ICE June Brent settled up $2.07/b at $74.04/b, and NYMEX May WTI settled $1.70/b higher at $65.70/b. Monday marked the highest front-month settle for both contracts since late October, just before the US sanctions snapped back.
PETROCHINA: THE LOWEST
2019, April, 24, 10:55:00
RUSSIA'S GAS THROUGH UKRAINE
Gazprom is looking to bypass Ukraine completely with the construction of the 55 Bcm/year Nord Stream 2 pipeline and the 31.5 Bcm/year TurkStream link, though some delays mean some kind of deal with Kiev will be necessary.
All Publications »