China Oil Giants Suffer from Dropping Crude Prices
China National Petroleum Corporation
Beijing - QNA
Despite rising output, China's major oil producers posted lackluster performance in the first half of the year weighed upon by dropping global crude prices, according to China's News Agency (Xinhua).
China National Petroleum Corporation (CNPC) registered a nearly 97.9% decline in its net profit, making only 531 million yuan about( 80 million U.S. dollars), while China National Offshore Oil Corporation (CNOOC) saw a loss of 7.74 billion yuan.
However, the oil yields of CNPC and CNOOC rose 1.7 percent and 0.6% year on year, respectively. Another oil giant, Sinopec Group has yet to release its half-year financial report.
GMT 22:17 2018 Monday ,22 January
Opec output cuts near victoryGMT 22:57 2018 Saturday ,20 January
the literary canary in India's coalmineGMT 07:11 2018 Friday ,19 January
Oil market heads towards 'smooth rebalancing': OPECGMT 19:07 2018 Saturday ,13 January
Oil hits $70 a barrel for the first time in three yearsGMT 19:07 2018 Saturday ,13 January
Oil hits $70 a barrel for the first time in three yearsGMT 15:44 2018 Saturday ,13 January
Bahrain to host MERTC 2018GMT 18:24 2018 Friday ,12 January
No need to panic over $70 oil price: UAE Energy MinisterGMT 13:21 2018 Friday ,12 January
Kuwaiti oil price up 93 cents to stand at US$66.09 per barrel
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 05:09 2024 Tuesday ,06 February
The Saudi-led Arab Coalition Forces have targeted a meeting of Houthi commanders in Beit Al Faqih, Hodeidah, killing scores of the
GMT 16:17 2018 Thursday ,30 August
Five Saudi women pilots granted GACA licences
GMT 14:01 2018 Thursday ,30 August
Expat with rare heart disorder gets life-saving surgery
GMT 22:26 2015 Sunday ,02 August
Kelli Giddish of 'Law & Order' married and pregnant
GMT 23:35 2017 Wednesday ,11 October
EUPOL COPPS appoints new EU head of the police mission
GMT 23:19 2017 Wednesday ,27 September
Iran big obstacle to regional peace
GMT 09:40 2017 Monday ,08 May
ADX launches New York roadshow
GMT 13:55 2011 Saturday ,18 June
American output picks up
GMT 09:23 2016 Thursday ,11 February
Paris, Frankfurt stocks markets dip more than 3%GMT 13:44 2013 Sunday ,28 April
Egyptian information chief resigns
GMT 18:32 2017 Sunday ,05 March
Strikes kill 11 civilians in Syria as tens of thousands flee clashes with DaeshGMT 05:27 2012 Friday ,04 May
\'Almost Invisible\': new poems from mark strandGMT 14:08 2012 Monday ,06 February
Spark tablet runs Linux
GMT 14:27 2017 Thursday ,24 August
Rising tennis stars in the US Open spotlight
GMT 03:11 2017 Sunday ,29 January
OPEC daily basket price stood at $52.91 a barrel Thursday, 26GMT 03:03 2012 Friday ,27 April
10 unusual winter travel destinationsGMT 15:44 2012 Sunday ,02 December
Store sells solid gold tree
GMT 16:48 2017 Tuesday ,17 October
HRH Premier receives outgoing Iraqi ambassador
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor