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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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From: regli	4/17/2006 8:24:54 PM
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PetroChina says Q1 avg oil selling price up 47 pct today.reuters.com Sun Apr 16, 2006 9:06 PM ET HONG KONG, April 17 (Reuters) - Top Asian oil firm PetroChina Co. Ltd. <0857.HK> said on Monday its average selling price for crude oil rose nearly 47 percent year-on-year to US$55.14 per barrel in the first quarter. PetroChina <PTR.N> -- which owns three quarters of the oil and gas reserves in the world's second-largest energy consumer -- plays a pivotal role in helping the country reduce its reliance on oil imports, which accounts for about 40 percent of its needs.

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