Tuesday, April 28, 2026
CNOOC's profit plunges 59% in 2020 as coronavirus hits fuel demand- oil and gas 360

CNOOC’s profit plunges 59% in 2020 as coronavirus hits fuel demand

Reuters BEIJING – China’s national offshore oil and gas producer CNOOC Ltd reported a 59% plunge in 2020 profit, hitting the lowest since 2017, as the coronavirus pandemic whacked energy prices and hammered fuel consumption. The listed branch of China National Offshore Oil Corp reported a net profit of 24.96 billion yuan ($3.82 billion), down from 61.05 billion yuan in

Weekly Gas Storage: Inventories increase by 88 Bcf- oil and gas 360

Weekly Gas Storage: Inventories decrease by 36 Bcf

Natural Gas Inventories as of March 19, 2021 The EIA has released its natural gas inventory report, showing a net decrease of 36 Bcf as of March 19, 2021. Working gas in storage was 1,746 Bcf as of Friday, March 19, 2021, according to EIA estimates. This represents a net decrease of 36 Bcf from the previous week. Stocks were