euronews | Oil price slump hits Sinopec profit euronews Sinopec was forced to cut output at loss-making fields with crude oil production down 11.4 percent and its oil and gas output falling by six percent year-on-year. China is the world's second-largest consumer of fuel but the rate at which demand has ... China's oil majors scale back output as priorities shift Oil Refining Empire Helps Sinopec Beat Chinese Energy Rivals Sinopec profit hit by oil price slump |