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Oil trims losses as softer dollar offsets Chinese demand fears

LONDON (Reuters) -Oil prices pared losses after falling by over $2 earlier in the session, as a weaker dollar partially offset demand fears resulting from surging COVID-19 cases in China. The contracts pared losses as the U.S. dollar slipped, with investors on edge at the end of the year as initial optimism over China's reopening fizzled. The scale of the latest Chinese COVID outbreak and doubts over official data prompted some countries to enact new travel rules on Chinese visitors, even...
Vologodskaya Oblast United States City Of United Kingdom Emelia Sithole Matarise Craig Erlam
Source: aol.com

CNPC posts record output amid campaign to secure energy security

China National Petroleum Corp (CNPC), Chinas leading oil and gas producer, said its oil and gas output hit new records in 2022, as the company contributed to a national energy security drive by tapping domestic resources in a year marked by geopolitical upheavals.
Bohai Sea National Energy Administration China National Petroleum Corp National Petroleum Corp Five Year Period Northeast China

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