A liquified natural gas storage tank at PetroChina’s receiving terminal at Rudong port in Nantong, Jiangsu province. Photo: Reuters A liquified natural gas storage tank at PetroChina’s receiving terminal at Rudong port in Nantong, Jiangsu province. Photo: Reuters
A liquified natural gas storage tank at PetroChina’s receiving terminal at Rudong port in Nantong, Jiangsu province. Photo: Reuters

Oil titan PetroChina’s production plan and budget hang in the balance as coronavirus, oil price war cloud economic outlook

  • China’s largest oil and gas producer has deviated from its long-standing practice of unveiling clear production targets when it announces its annual results
  • Oil prices have halved to around US$25 a barrel after Saudi Arabia unleashed a price war with Russia following a breakdown in talks early this month

Topic |   US-listed Chinese stocks
A liquified natural gas storage tank at PetroChina’s receiving terminal at Rudong port in Nantong, Jiangsu province. Photo: Reuters A liquified natural gas storage tank at PetroChina’s receiving terminal at Rudong port in Nantong, Jiangsu province. Photo: Reuters
A liquified natural gas storage tank at PetroChina’s receiving terminal at Rudong port in Nantong, Jiangsu province. Photo: Reuters
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