PetroChina Profit Falls as Oil Prices and Fuel Demand Dip

PetroChina, the largest oil and gas producer in China, reported on Tuesday a 5.4% decline in first-half profit as oil prices fell from a year earlier and domestic fuel demand continued to be pressured ... Read More

Oil prices slide 2% on worries about global oversupply, US demand

Oil prices slid on Thursday, settling about 2% lower as concerns over possible softening of U.S. demand and broad oversupply offset threats to output from the conflict in the Middle East and the war ... Read More

Oil prices settle up over $1 after global tensions mount; oversupply caps gains

Oil prices settled higher on Wednesday by more than $1 a barrel as investors worried about possible supply disruptions after Polanddowned drones in its airspace and the U.S.pushed for new sanctions on ... Read More

Sinopec’s Earnings Plunge amid Low Oil Prices, Weaker Fuel Demand

The largest Chinese and Asian refiner Sinopec reported on Thursday a 36% decline in its first-half profit on the back of lower oil prices and refining margins and weakening domestic fuel demand. China ... Read More

Oil prices fall with expected low demand, upcoming supply boost

HOUSTON (Reuters) -Oil prices fell on Friday as traders looked toward weaker demand in the U.S., the world's largest oil market, and a boost in supply this autumn from OPEC and its allies. Brent crude ... Read More