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Hong Kong stocks are fluctuating | Petroleum stocks are recovering. Tariff risks have caused a short-term decline in Crude Oil Product prices. Institutions indicate that domestic oil companies are expected to weaken their sensitivity to oil prices.
Petroleum stocks have recovered. As of the time of this report, China Oilfield Services (02883) is up by 3.23%, priced at 5.43 HKD; CNOOC (00883) is up by 3.84%, priced at 16.22 HKD; SHANGHAI PECHEM (00338) is up by 2.75%, priced at 1.12 HKD; PetroChina (00857) is up by 0.56%, priced at 5.35 HKD.
Hong Kong stocks have fluctuated | Petroleum stocks opened lower collectively. The disturbance caused by tariff policies, along with OPEC+ increasing production, further drove oil prices down significantly.
Petroleum stocks opened lower collectively. As of the time of this report, CNOOC (00883) fell 10.52% to HKD 16.5; PetroChina (00857) fell 10.63% to HKD 5.63; KUNLUN ENERGY (00135) fell 7.07% to HKD 7.62; Sinopec (00386) fell 5.85% to HKD 3.86.
After two consecutive days of significant declines, the market's oil price reports have all been "torn apart."
The Trump administration's tariff policy and OPEC+'s unexpected decision to increase production are a double blow, with the cumulative effect far exceeding market expectations.
Unprecedented! Trump's new "secondary tariff" weapon is feared to have astonishing power.
Starting Wednesday, the USA will impose high tariffs on countries importing oil from Venezuela, indicating that Trump is significantly expanding the scope of tariff usage beyond trade issues.
China Energy Engineering Unit Secures Astana Water Supply Project
Domestic oil prices may increase for the third time this year, costing an additional 8.5 yuan for a full tank.
Gelonghui, April 2 | By 24:00 today, domestic refined oil prices may rise again. Longzhong News Analyst Xu Lei analyzes that concerns over supply disruptions in some regions, along with the decrease in USA crude oil and refined oil inventories, provide Bullish support, which outweighs the risks posed by trade tariffs leading to a potential decline in oil demand outlook.