HONG KONG (AFX-ASIA) – ING Financial Markets said it is maintaining it is “buy” ratings on CNOOC Ltd (883.hk) and Petrochina Co Ltd (857.hk) because it sees OPEC’s decision to cut its output quota by 4% from Nov 1, as positive for China’s oil and gas sector. In its research note, ING said that, “while…
CHINA: Chinese oil, gas sector to benefit from OPEC output cut – ING
Posted on October 6, 2003 by EnergyAsia