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Weak demand for refined oil, gas hits CNOOC, PetroChina

By Du Juan | China Daily | Updated: 2014-08-29 07:15

Industry sees prices under pressure amid continued uncertain economy

Leading oil and natural gas companies PetroChina Co Ltd and CNOOC Ltd reported first-half results on Thursday that reflected weaker demand for refined products.

CNOOC, the largest domestic offshore oil and gas producer, recorded a 2.3 percent year-on-year decline in first-half net profit to 33.6 billion yuan ($5.47 billion).

Weak demand for refined oil, gas hits CNOOC, PetroChina

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