PetroChina (SHA:601857, HKG:0857) plans to retain the 2025 contract prices for this year to support the growth of the gas industry amid the Middle East conflict, Bloomberg News reported Wednesday, citing Chinese consultancy OilChem.
The oil and natural gas giant did not immediately reply to MT Newswires' requests for comments.
The company's Shanghai shares dropped less than 3%, while the Hong Kong shares fell 2% during the morning trade.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)