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Low Oil Prices Gas up Chinese Buyers

Low Oil Prices Gas up Chinese Buyers
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摘要 As the downward trend levels out,companies from China are finding big bargains around the globe.A new wave of Chinese outbound oil acquisitions is expected in the second half of 2015 as well-financed Chinese firms take advantage of struggling companies while oil prices remain low globally,industry insiders say.The huge drop in oil prices over the past year,from US$110 per barrel in early July of last year to below US$50 by the beginning of 2015, has fundamentally shocked the industry. But the prevailing forecast in the business is for price stabilization. As the downward trend levels out,companies from China are finding big bargains around the globe.A new wave of Chinese outbound oil acquisitions is expected in the second half of 2015 as well-financed Chinese firms take advantage of struggling companies while oil prices remain low globally,industry insiders say.The huge drop in oil prices over the past year,from US$110 per barrel
作者 Fu Rong
出处 《China Oil & Gas》 CAS 2015年第3期49-52,共4页 中国油气(英文版)
关键词 companies prices barrel globally downward assets finding Sudan Russia sector 中国企业 低油价 天然气 石油价格 行业 美元
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