ʶԳ

Sinopec, CNOOC Confront Lower Oil Prices, Demand

Copyright © 2025 ʶԳ Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
CNOOC,China,Logo
Casimiro PT/Shutterstock

China’s national oil companies generally struggled in the first quarter under the combined weight of lower oil prices and sluggish oil demand amid competition from electric vehicles (EVs) and LNG-fueled trucks.

Topics:
Earnings, Oil Demand, Macroeconomics, LNG Supply, Diesel/Gasoil, Gasoline, Oil Prices, Electric Vehicles, Chemicals, Refining
Wanda Ad #2 (article footer)
The Caspian Pipeline Consortium is readying the damaged Kropotkinskaya oil pumping station in Russia to restart operations in May.
Tue, Apr 29, 2025
Amid a resurgence in positive news around Namibia's offshore, Galp is taking the slow road to farming down its giant Mopane find.
Mon, Apr 28, 2025
Despite a gloomy upstream capex outlook, the services giant believes it can continue to improve its profit margins and distribute plenty of cash to investors.
Fri, Apr 25, 2025