Cnooc Declines Most in Two Years After Output Forecast
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Cnooc Ltd., China’s biggest offshore energy explorer, fell the most in more than two years in Hong Kong trading after forecasting slower production growth.
The shares slumped 7 percent to close at HK$17.32, the largest drop since Dec. 2, 2008. The decline was the most among the 45 stocks on the benchmark Hang Seng Index. China Oilfield Services Ltd., which counts Cnooc as its biggest customer, fell