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<Research>BofAS Lifts PETROCHINA's TP to HKD12, Raises 2026 Oil Price Forecast
BofA Securities has raised its base-case forecast for Brent crude oil price this year to USD92.5 per barrel. If the war lasts more than 2-4 weeks or energy assets are damaged, oil ...
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<Research>BofAS Lifts PETROCHINA's TP to HKD12, Raises 2026 Oil Price Forecast
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BofA Securities has raised its base-case forecast for Brent crude oil price this year to USD92.5 per barrel. If the war lasts more than 2-4 weeks or energy assets are damaged, oil prices may surge even further.

Based on historical data, should a daily loss of more than 10 million barrels of oil supply persist for 12 months, Brent crude prices could be pushed up from USD70 per barrel before the US-Iran war to USD150-200.

Related News G Sachs Reassesses Earnings Revision Leading Indicator (ERLI), Lists Hong Kong Buy Picks (Table)
In terms of equities, BofA Securities has lifted PETROCHINA (00857.HK)  -0.080 (-0.729%)    Short selling $97.03M; Ratio 30.298%   's target price from HKD10.5 to HKD12 and kept the Buy rating unchanged. In contrast, SINOPEC CORP (00386.HK)  -0.040 (-0.857%)    Short selling $60.35M; Ratio 29.178%   's target price dropped from HKD6 to HKD5, though its rating remains Buy.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-14 12:25.)

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