Oil Industry Facing a Severe Test: Sanford C. Bernstein’s Beveridge

The video discusses the impact of government support on oil pricing in China, highlighting the challenges faced by the oil industry due to low prices. It explores the need for CapEx cuts to achieve sustainable cash flow and examines the potential for demand recovery as China resumes operations. The video also analyzes the price sensitivity of CNOOC and the defensive nature of Sinopec, providing insights into stock choices for exposure to crude prices.

Which company is considered the most price sensitive among China's oil majors?

What factors contribute to Sinopec being considered a defensive stock?