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

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… Home Oil Prices Oil Futures Rig Count Energy Energy-General Oil Prices Crude Oil Heating Oil Gas Prices Natural Gas Coal Company News Interviews Geopolitics Alternative Energy Nuclear Power Solar Energy Hydroelectric Renewable Energy Geothermal Energy Wind Power Fuel Cells Tidal Energy Biofuels Environment Global Warming Oil Spills Company News Breaking News Premium Articles My Account Get Exclusive Intel All Prices OPEC Blends Canadian Blends U.S.

Blends WTI Crude • 13 hours 101.4 +3.44 +3.51% Brent Crude • 12 hours 109.9 +3.94 +3.72% Murban Crude • 16 mins 113.4 +3.39 +3.08% Natural Gas • 13 hours 3.116 -0.120 -3.71% Heating Oil • 13 hours 4.899 +0.054 +1.10% Gasoline • 13 hours 3.235 +0.055 +1.74% Click Here for 150+ Global Oil Prices Gasoline • 13 hours 3.235 +0.055 +1.74% Heating Oil • 13 hours 4.899 +0.054 +1.10% WTI Midland • 17 hours 102.2 +3.18 +3.21% Opec Basket • 3 days 111.6 -0.70 -0.62% Indian Basket • 3 days 121.1 +0.09 +0.07% Click Here for 150+ Global Oil Prices 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 they have said that this year’s Hormuz crisis and price spikes have resulted in exceptional profits in the crude, fuels, and LNG trading divisions.

PetroChina has a large upstream portfolio and downstream operations outside China reaping record-high margins, while crude and LNG trade have benefited from high price volatility and arbitrage opportunities.

For the first half of the year, PetroChina reported a record profit attributable to shareholders, up by 22% year over year to $15.5 billion (103.94 billion yuan).