Ac t i o n | 28 Jul 2026 09:15:36 ET │ 15 pages PetroChina (0857.HK / 601857.SS) Model Update; 2Q Preview CITI'S TAKE We update our PetroChina models to reflect Citi's latest Brent oil assumptions ($75/70/65 in 3Q/4Q26/2027E). Our Global Commodities Team's base case view is for eventual de-escalation despite near-term SoH disruption risks (Oil Monitor on 21 Jul, 13 Jul) while there seems a low probability of the Middle East conflict turning from temporary shock into multi-year crude production disruption (C ...