How China’s Oil Majors Helped Beijing Prepare for an Energy Crisis

(Reuters) – China’s state oil companies have been at the forefront of Beijing’s increasing prioritisation of energy security over the past decade, making investments that have helped soften the blow from the closure of the Strait of Hormuz. Since 2018, Sinopec, PetroChina and CNOOC Ltd have spent hundreds of billions of dollars drilling domestically while … Read more