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China's oil production seen falling by 7% this year

This plays into the hands of Opec as it seeks to prop up the global oil market
Wednesday, January 18, 2017 - 05:50

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Supply from the Daqing field, one of China's biggest and oldest, fell about 3 per cent last year to 732,200 barrels a day, according to China National Petroleum Corp data.

Hong Kong

OPEC'S campaign to prop up oil prices is getting unlikely support from its biggest customer.

China's production is forecast to fall by as much as 7 per cent this year, extending a record decline in 2016, according to analysts at CLSA Ltd, Sanford C Bernstein & Co and

sentifi.com

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