Business
Sinopec Says Has Enough Oil Inventory to Ensure Stable Production for Now
Chinese oil major Sinopec 600028 -1.66%decrease; red down pointing triangle struck a cautious tone during a post-earnings briefing, saying it has enough inventory to maintain stable production and multiple contingency plans in place as the conflict in the Middle East stokes worries about countries running out of fuel.
However, it said that a prolonged conflict would pose more severe challenges.
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