Saudi Arabia's big move! Lowering all oil prices for Asia in January 2025.

According to the latest news, Saudi Aramco announced a reduction in all oil prices for Asia in January 2025, with the official price of Arab light crude oil reduced by 80 cents per barrel, set at a premium of $0.9 over the average price of Oman/Dubai (previously a premium of $1.7).

Brokers in ChinaDec 9 09:22

It has barely held on by extending production cuts, but how much longer can OPEC+ last?

HSBC believes that if OPEC+ cancels the "extra voluntary" production cut plan as scheduled in March 2026, it will cause the overproduction of crude oil products to expand to 1.2 million barrels per day, further putting downward pressure on oil prices. This means that the situation where global crude oil market supply exceeds demand will continue until 2026, at which time OPEC+ may also have no "room" to cancel the production cut plan.

wallstreetcnDec 8 17:42

Hong Kong stock concept tracking | Sales prices of natural gas adjusted in many places, downstream city gas companies increase prices to ensure stable income (concept stocks attached)

Multiple regions have adjusted the sales prices of henry hub natural gas, and downstream city gas prices continue to rise.

Zhitong FinanceDec 6 10:26

According to reports, OPEC+ member countries have extended oil production cuts to 2026.

Foreign media quoted sources and internal documents stating that due to a general outlook on global crude oil demand, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) have extended their voluntary crude oil production cut plans until 2026. According to their official production strategy, OPEC+ currently limits its total daily production to 39.725 million barrels until December 31, 2026. Eight OPEC+ member countries are now extending their daily voluntary production cut of 2.2 million barrels until the first quarter of next year, and will gradually increase production from April to September 2026, whereas the previous expectation was that the production cuts would last only until 2025.

AASTOCKSDec 5 22:12

OPEC+ plans to postpone the production increase until April next year! International oil prices have declined in the short term.

OPEC+ stated at the meeting that they have agreed in principle to postpone the originally scheduled January production increase plan, and will gradually lift the oil production cuts starting from April 2025 until September 2026. WTI crude oil futures and Brent crude oil futures experienced a short-term plunge.

wallstreetcnDec 5 20:25

Market update | Petroleum stocks in Hong Kong surged collectively as OPEC+ made progress in delaying production resumption, while the usa imposed sanctions on multiple oil-related entities and vessels in Iran.

Petroleum stocks rose collectively. As of the time of reporting, PetroChina (00857) increased by 3.02%, traded at 5.8 Hong Kong dollars; CNOOC (00883) rose by 2.76%, priced at 17.88 Hong Kong dollars; Kunlun Energy (00135) went up by 1.45%, priced at 7.69 Hong Kong dollars; Sinopec (00386) increased by 1.42%, traded at 4.25 Hong Kong dollars.

Zhitong FinanceDec 4 11:10