China oil companies could report 'significant losses' in the first quarter, Bernstein says

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."

Completely agree, I expect that we are gonna see how Oil becomes 'rubbish' due to low demand and electric vehicles, in the middle and long term. There will be no Rebound which we are gonna see, that's just a 'breather'

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