CNOOC Posts Record Profit as China Pumps More Oil at Home | HappeningNow.news

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CNOOC Posts Record Profit as China Pumps More Oil at Home

CNOOC reported a record first‑half profit and increased production, attributing the gains to higher oil prices after the Iran war and con…

Source OilPrice AI Summary Updated 1h 12m ago
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CNOOC reported a record first‑half profit and increased production, attributing the gains to higher oil prices after the Iran war and continued growth from its offshore fields. This reflects China’s domestic push to boost oil and gas output as imported energy becomes more geopolitically complex.

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