Yonhap Infomax NewsGoldman Sachs forecasts Chinese oil companies CNOOC and PetroChina could see over 10% annual free cash flow increase if Brent crude maintains $80-90 per barrel levels, while Sinopec faces headwinds from petroleum product price caps as oil prices surge past $100 amid Middle East tensions.
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[Oil Prices Break $100] Goldman Sachs - 'Boon for Some Chinese Oil Companies'
Goldman Sachs forecasts Chinese oil companies CNOOC and PetroChina could see over 10% annual free cash flow increase if Brent crude maintains $80-90 per barrel levels, while Sinopec faces headwinds from petroleum product price caps as oil prices surge past $100 amid Middle East tensions.