Friday, August 21, 2026

PetroChina Income Down 94%, But the Company May Be Looking to Expand Internationally

Low oil prices continue to hurt Chinese oil major PetroChina China’s largest crude oil and natural gas producer, PetroChina (ticker: PTR), released its third-quarter results today, reporting substantially lower income amid the global crude oil glut. Net income during the first nine months of the year fell 94% to 1.73 billion yuan ($255.2 million), the company said in its press

Mexico

PEMEX Loss Shrinks Year over Year

A weak peso and increased interest expenses continue to hurt PEMEX Mexican state-owned oil major PEMEX reported its third quarter earnings Friday, showing a smaller net loss this quarter than last year. The company’s net income loss for the quarter was 118 billion pesos ($6.25 billion), according to the company’s quarterly materials, 29.4% less than in Q3 2015. According to

Brexit Legal Challenge Fails; UK Court Declares Lawsuit ‘Not Viable’

From Law.com A historic legal challenge designed to block Britain’s exit from the European Union has failed after a U.K. court rejected it as “not viable.” Raymond McCord, a campaigner for victims of nationalist troubles in Northern Ireland, had initiated proceedings arguing that the country’s devolved government could use powers granted by the 1998 Good Friday peace agreement to stop