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HomeFinancial Markets

Cnooc Profits Slip Amid Falling Oil Prices and Muted Demand

BloombergWednesday, August 27, 2025 at 8:38:27 AM
NegativeFinancial Markets
Cnooc Profits Slip Amid Falling Oil Prices and Muted Demand
Cnooc Ltd. reported a significant drop in profits during the first half of the year due to falling oil prices and weak demand in China.
Editor’s Note: This decline in profits highlights the challenges faced by the oil industry, particularly in China, where tariff fluctuations and reduced domestic demand are impacting major companies like Cnooc.
— Curated by the World Pulse Now AI Editorial System
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