PETROCHINA NEED BALANCE
PLATTS - PetroChina, China's biggest listed oil company by assets, expected the supply and demand for global oil market would gradually become balanced in 2017 and international oil prices would "recover," the company said late Wednesday in a profits warning for the 2016 annual result.
The company said its net profit attributable to equity holders for the year of 2016 was estimated to decrease by 70% to 80% as compared with the Yuan 35.65 billion ($5.18 billion) reported in 2015.
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.