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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.
One bad news for oil bulls: OPEC+ "no more".
OPEC's control over the oil market is increasingly weakening, and if no action is taken, the organization's control may completely disappear.
Energy Intinv (00353) announced its interim results, with a profit attributable to owners of 20.881 million Hong Kong dollars, a 13.34% year-on-year growth.
Energy intinv (00353) announced its interim results for the six months ending September 30, 2024, in continuing operation...
ENERGY INTINV: INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
Did no one want CNOOC?
Source: Yaya Hong Kong Stock Circle Author: Chengfeng $cnooc(00883.HK)$ The stock price has peaked and has been falling for almost half a year. Cnooc's main upward wave from 2022 to mid-2024 attracted the attention of many investors. With continuous adjustments in the stock price, although the market still holds a high evaluation of Cnooc, based on the stock price movements, it may seem more like, 'This stock is good, I'll sell it to you.' How should we view Cnooc at present? 1. One of the largest oil companies with the lowest costs Cnooc is China's largest offshore crude oil product and henry hub natural gas supplier, with assets spread across more than forty countries and regions worldwide.
The new round of domestic refined oil price adjustments may be suspended.
According to Finance Network, at 24:00 on the 20th, a new round of domestic refined oil price adjustment will begin. According to predictions from several institutions, refined oil prices may remain unchanged for the fifth time this year.
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