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 crude oil imports.
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 crude oil imports.
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