Chinese shares surged to a nine-month high on Wednesday, buoyed by strong consumer spending data and a 6.1 percent rise in PetroChina, the Shanghai benchmark’s heaviest-weighted share. For full story, click here
Chinese main offshore crude oil firm CNOOC Ltd announced that it has commenced production from its Bozhong 28-2S oil field with 4,000 barrels of oil per day via four wells. For full story, click here
U.S. crude futures dropped because lower Chinese crude imports in February pushed oil lower ahead of a government inventory report due later in the day and OPEC’s meeting on Sunday. For full story, click here
Get our independent commentary on oil trends and companies delivered to your inbox.
