News Snapshot:
PetroChina , the nation’s biggest oil and gas producer, said first-half profit increased by 50 per cent to 60 per cent on the back of rising oil prices following Russia’s invasion of Ukraine. The state-backed energy giant, with upstream and downstream operations, estimated that net profit rose between 26.5 billion yuan (US$3.9 billion) and 32 billion yuan for the six months to June 30, according to a filing to the Shanghai exchange on Friday. This means it could report an interim profit of between 79.5 billion yuan and 85 billion yuan in August, up from 53 billion yuan in the...
