PetroChina warns of global oil supply shortage

Chinese giant predicts crude dearth until Opec+ cuts ease at the end of the year

Supply squeeze: Beijing-headquartered PetroChina forecasts an oil supply shortage towards the end of this year. — Supply squeeze: Beijing-headquartered PetroChina forecasts an oil supply shortage towards the end of this year.Photo: REUTERS/SCANPIX

Xu Yihe

Singapore

Opec+China National Energy Administration PetroChina Asia & Oceania

Published 3 September 2021, 11:36Updated 6 September 2021, 13:48