Chinese oil giant CNOOC expects oil prices to remain in a range of $75-$85 for the rest of 2024.
China 's
one of China's leading offshore oil and gas producers, sees fossil fuels as crucial for global energy stability in the foreseeable future, despite the global push towards renewable energy sources, according to 's strategy to capitalize on the growing demand for fossil fuels, particularly natural gas, which it expects will see strong growth domestically through 2030, Reuters reported on Thursday.
reported interim earnings of $11.2 billion—a record-high net profit. While slightly below PetroChina's $12.4 billion, it is more than double those of Sinopec, Asia's largest refining giant. The company has set its 2024 capital expenditure target at 125 billion to 135 billion yuan $18 billion to $19 billion. Record-high oil and gas production was the key driver of
China Oil Prices Fossil Fuels Natural Gas Production Profit Exxon Mobil Guyana Energy Security
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