China oil majors continue record-setting output cuts in September

19 October 2016, Beijing — China’s crude oil output fell 9.8 percent in September from a year earlier in the second-biggest year-on-year decline on record, government data showed, with major producers continuing to shut high-cost wells to rein in spending. Domestic crude output dropped to 15.98 million tonnes, or 3.89 million barrels per day (b/d), […] More »