NDRC: The domestic gasoline and diesel prices have been reduced by 365 and 350 RMB per ton respectively.
The National Development and Reform Commission announced that, according to the current mechanism for the formation of refined oil prices, from 24:00 on September 20th, the domestic prices of gasoline and diesel will both be reduced by 365 yuan and 350 yuan per ton respectively.
Express News | Within five years, central enterprises will fully establish a "scientific, rational, and efficient" board of directors.
Under the imbalance between supply and demand, a large number of new plants are starting production, and the global refining industry's 'super cycle' is coming to an end.
Refineries in Asia, Europe, and the USA are facing the problem of declining profitability to the lowest levels in years, signaling a downturn in the industry that had seen a surge in ROI after the COVID-19 pandemic.
Crude oil analysis at noon: Brent crude oil fell slightly in early trading. How will the Asian market react to the Fed's interest rate cut?
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Crude oil inventories at important US hubs are depleted, and the timing is ripe for oil price rebound.
There is a shortage of crude oil available for immediate delivery in the Cushing inventory, coupled with the Federal Reserve's interest rate cut, CTA buying interest, and record-breaking short-covering materials driving oil prices rebound.
The Hang Seng Index rose 261 points in the first half of the day, with a turnover of 90.9 billion yuan. Real estate and automobile stocks were favored.
The Federal Reserve's half-point rate cut boosted US stocks, with the Dow and S&P 500 indices reaching new highs. The Hong Kong stock market continued to rise in early trading. Hang Seng Index opened high by 56 points and the gains expanded, rising to 18,355 points at one point, up 261 points or 1.5% at midday to 18,275 points; the China Enterprises Index rose 92 points or 1.4% to 6,397 points; the Hang Seng Tech Index rose 65 points or 1.8% to 3,717 points. The total turnover of the market in the morning session was 90.958 billion yuan. In the technology sector, Alibaba (09988.HK) rose 2.5% to 87.8 yuan, while Tencent (00700.HK) fell 0.4% to
Hong Kong stock market noon review | Hong Kong stocks continue to rise, the technology index rose nearly 2%! Network technology, auto stocks, and golden industrial concept stocks are all up, xpeng autos rose 8%
Network technology stocks rose together, Sensetime-W rose by 5.45%, Alibaba-W rose by 2.45%; digital health stocks rose, JD Health rose by 4.09%, Ali Health rose by 3.68%; golden industrial concept stocks strengthened, Zhaojin Mining rose by 3.26%, Chinagoldintl rose by 2.48%.
Midday Recap | Hong Kong stocks continue to surge! The Hang Seng Index is up more than 2%; network technology and automotive stocks are performing well, with xpeng rising by about 10% and alibaba reaching a new high in over a year.
Most network technology stocks rose, with SenseTime leading the gains with a more than 6% increase, Bilibili up nearly 4%, Alibaba up more than 3%, Meituan up nearly 3%, Netease and JD.com up more than 1%, and Tencent up nearly 1%.
Hong Kong stocks rebounded again, petroleum stocks rebounded, the Federal Reserve's interest rate cut exceeded expectations, and Citi Group said that insufficient supply in the fourth quarter may support oil prices.
Petroleum stocks continue to rebound. As of press time, PetroChina (00857) rose 4.35% to HKD 6; China Oilfield Services (02883) rose 3.29% to HKD 6.59; CNOOC (00883) rose 2.87% to HKD 19.34; Sinopec (00386) rose 2.92% to HKD 4.58.
Institutions: Retail gasoline price caps may see the largest decline of the year, and it is expected that expectations will shift to an increase at the beginning of the next cycle.
PetroChina Information: According to the data monitoring model, as of the close on September 19th, the change rate of the 10th working day reference crude oil in China is -8.39%. It is predicted that the retail price limit of gasoline and diesel will be reduced by 365 and 350 yuan per ton respectively. The ex-refinery prices of 92# gasoline, 95# gasoline, and 0# diesel fuel will be reduced by 0.29, 0.3, and 0.3 yuan respectively. The price adjustment window is September 20th, 24:00.
gtja: Oil prices fall and freight rates rebound. Seize the opportunity for reverse layout.
It is expected that the supply and demand will continue to improve in the coming years, and the prosperity of oil transportation is expected to exceed expectations. It is recommended to lower the game in the peak season and counter-layout the options for the super bull market of oil transportation.
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The net inflow of Alibaba in Hong Kong stock connect is 3.683 billion Hong Kong dollars.
There was a net inflow of 3.683 billion Hong Kong dollars and 0.119 billion Hong Kong dollars into alibaba (09988.HK) and Xiaomi Group (01810.HK) respectively. There was a net outflow of 0.606 billion Hong Kong dollars, 0.562 billion Hong Kong dollars, and 0.197 billion Hong Kong dollars from Meituan (03690.HK), CNOOC (00883.HK), and li auto inc (02015.HK) respectively. The highest net capital inflow of Hong Kong stock connect (Shanghai) was into Alibaba (09988.HK) with 1.318 billion Hong Kong dollars, while the highest net capital outflow was from Tracker Fund of Hong Kong (02800.HK) with 1 billion Hong Kong dollars.
TotalEnergies Secures Five-Year Extension of LNG Supply Deal With CNOOC
Express News | Total will extend the agreement to supply liquefied natural gas to CNOOC for 5 years.
Hong Kong stocks continued to rise strongly in the afternoon! The Hang Seng Index and the H-Share Index rose more than 2%, while the Technology Index surged more than 3%; large technology stocks are all performing well, with jd.com up more than 7% and Mei
The three major stock indexes in Hong Kong rose unilaterally throughout the day, with a surge in market bullish sentiment. The Hang Seng Tech Index continued to climb in the afternoon, leading the way with a sustained increase of 3.8%, ultimately closing significantly higher at 3.25%, reaching a two-month high. The Hang Seng Index and the Mainland China Stock Index rose by 2% and 2.1% respectively.
Interest rate cuts are no match for recession expectations! Institutions put the oil price at $60, and Hong Kong petroleum stocks have weakened against the trend.
Why is the Hong Kong stock petroleum stock weakening against the trend, and why is the market reacting tepidly to the interest rate cut? What bearish factors have a greater impact on the far-term oil price, according to institutions?
TotalEnergies SE UK Regulatory Announcement: Long-term LNG Sales in China: TotalEnergies Will Supply 1.25 Million Tons Per Year to CNOOC Until 2034
CNOOC (00883.HK) Lufa 11-1/4-1 oil field secondary development project is expected to produce a peak daily output of nearly 0.018 million barrels of oil equivalent.
China National Offshore Oil Corporation (00883.HK) announced that its subsidiary, Luhua 11-1/4-1 oilfield, has started the second phase of development, with plans to develop 32 wells. It is expected to achieve a peak production of approximately 0.0179 million barrels of oil equivalent per day by 2026. The crude oil product has a heavy quality.
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