PetroChina and Sinopec are set to post earnings later this week, with Bernstein's Neil Beveridge expecting 'very significant losses in the first quarter' for the two firms.
as a result of the low oil prices," Neil Beveridge, senior oil and gas analyst at Bernstein, told CNBC's "Street Signs."
for the first time in history. Fears are mounting over slowing demand as a result of the economic fallout from the global coronavirus pandemic. "As a result, you'll see very significant losses I think, as they report numbers," Beveridge said, with the second quarter set to be "even worse."
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