A 16% drop in oil prices does not change the ambition to expand production! Occidental Petroleum giants firmly oppose OPEC+'s plan to increase production.

Despite the 16% drop in international oil prices in April and the possibility of OPEC+ further increasing production, major Western oil producers are still committed to their production growth plans.

Zhitong FinanceMay 3 09:21

Saudi Arabia claims it has the ability to maintain long-term low oil prices, with international oil prices dropping by 3.79%.

Five sources familiar with the negotiation situation told Reuters that Saudi Arabian officials have recently informed allies and Industry experts that Saudi Arabia has the capacity to maintain long-term low oil prices.

wallstreetcnMay 1 00:04

UNITEDENERGY GP: 2024 Annual Report

HKEXApr 30 06:04 · Announcements

National Bureau of Statistics: In March, the production growth rate of above-scale industrial raw coal, Crude Oil Product, Henry Hub Natural Gas, and Electrical Utilities accelerated.

In March, the production growth rates of raw coal, Crude Oil Product, Henry Hub Natural Gas, and Electrical Utilities in large-scale industries accelerated.

Zhitong FinanceApr 16 10:12

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.

Zhitong FinanceApr 8 10:38

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.

Zhitong FinanceApr 7 09:34