CNPC

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China demands rights in Venezuela after U.S. firm takes over oilfields

A U.S.-backed oil company will assume control of Venezuelan oil fields previously operated by Chinese and Russian firms, in a move that reshapes the energy landscape in Latin America and deepens Washington's grip on one of the world's largest crude…

China’s crude oil demand set to peak this year, CNPC says

China's crude oil demand is expected to peak this year, according to executives from the country's largest oil firm, adding to bearish pressure on global crude prices as the world's top importer joins a growing list of forces weighing on…