China’s Frugal Oil Companies

With the oil price dropping as much as it has over the past nine months, one would expect China’s state-run oil giants to go on a shopping spree abroad. China’s so-called big three oil companies — China National Petroleum Corp. (CNPC), China Petroleum & Chemical Corp. (Sinopec) and China National […]

Bloomberg via CHINA US Focus http://ift.tt/1Ai9xrJ