Iran War Set To Push PetroChina’s Trading Profit to Record $3 Billion ...Middle East

The trading arm of China’s state-owned giant PetroChina is set to reap a record more than $3 billion (20 billion yuan) in trading profits this year as the Middle East crisis hiked crude prices and rattled global fuel markets and trade flows. PetroChina International (PCI), the trading vehicle of the biggest oil and gas producer in Asia, is set to book more than $3 billion in gross trading profit for 2026, anonymous trade sources told Reuters. PetroChina and other major oil and gas companies do not report trading profits individually, but…

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