Chinese oil and gas company PetroChina reported a fall in net profit for 2025, weighed down by a decline in global oil prices. PetroChina, the listed arm of state-owned China National Petroleum Corp., ... March 29 (Reuters) - PetroChina (601857.SS), opens new tab, , Asia's largest oil and gas producer, on Sunday said 2025 annual net profit dropped 4.5% from a record in 2024, as lower oil prices weighed ...

Understanding the Context

MSN: As fuel prices soar, voters tell Miliband to ditch net zero mania and lift North Sea oil and gas ban As fuel prices soar, voters tell Miliband to ditch net zero mania and lift North Sea oil and gas ban Jalopnik on MSN: If we net export oil, why are gas prices going up? Yahoo: High oil and gas prices do not strengthen the case for net zero High oil and gas prices do not strengthen the case for net zero Crude oil prices & gas price charts. Oil price charts for Brent Crude, WTI & oil futures. Energy news covering oil, petroleum, natural gas and investment advice After ESG pressures forced private equity investors out of oil and gas, investment firms of ultra-wealthy families stepped up.

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Key Insights

Crude Oil Prices: Record Oil and Gas Output Fails to Shield CNOOC from Market Volatility Lower oil prices offset a record-high oil and gas production to drag down the 2025 profit of Chinese oil and gas giant CNOOC from a year earlier and below analyst estimates. CNOOC Ltd, China’s top ... Record Oil and Gas Output Fails to Shield CNOOC from Market Volatility Seeking Alpha: Oil shock puts U.S. on track as net crude exporter for first time since WWII The Iran war is disrupting global oil markets and speeding up changes in energy trade, helping push the U.S. closer to becoming a net crude exporter for the first time since World War Two.

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Final Thoughts

Oil shock puts U.S. on track as net crude exporter for first time since WWII