Sinopec to See Prolonged Refining Losses: Analyst

Wednesday, 25 Apr 2012 | 11:37 PM ET

David Hewitt, Co-Head of Global Oil & Gas Equity Research, Credit Suisse told CNBC that rising Brent oil prices in the next couple of years will impact Sinopec's bottom line. He has slashed the company's 2014 net profit forecast by 58%.