Thursday, July 17, 2025

PetroChina Production Down 5.3% in 2016, Further Drops Expected

Decreasing production creates demand for foreign crude PetroChina reported fourth quarter results on Thursday, showing net earnings of ¥7.9 billion ($1.15 billion), or ¥0.04 per share. While not a loss, this is the lowest profit in the company’s history, according to the Business Times. Total revenue was down to ¥1.62 trillion, 6.3% below 2015 levels. Crude oil production decreased by

Slowing Demand For Coal Sees Total Energy Production Fall 4%: EIA

Natural gas exports exceed coal exports in record milestone Total energy production in the U.S. was down in 2016, the first decrease since 2009, according to a note released by the EIA today. U.S. primary energy production totaled 84.1 quadrillion BTU in 2016, 4% below the 88 quadrillion BTU produced in 2015. 18% drop in coal drives decrease Most of