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Clarkson Research: It is initially estimated that the global marine transportation of crude oil trade volume will increase by 2.7% in 2025.
Clarkson Research published a study report stating that the preliminary estimate for the global marine transportation crude oil trade volume is expected to grow by 2.7% in 2025.
Oil Prices Rise as OPEC+ Seen Delaying Supply Hike While U.S. Inventories Rose Last Week
The tracker fund of hong kong had a net outflow of 11.071 billion HKD.
There is a net inflow of northbound funds into CNOOC (00883.HK), China Mobile (00941.HK), and SMIC (00981.HK), reaching 0.398 billion Hong Kong dollars, 0.26 billion Hong Kong dollars, and 34.94 million Hong Kong dollars respectively. There is a net outflow of northbound funds from tracker fund of hong kong (02800.HK), Hang Seng China Enterprises Index (02828.HK), and Tencent (00700.HK), reaching 11.071 billion Hong Kong dollars, 2.386 billion Hong Kong dollars, and 0.253 billion Hong Kong dollars respectively. The most active stock with highest net inflow of funds through Stock Connect (Shanghai) is ICBC (00939.HK) at 0.524 billion Hong Kong dollars, while the highest fund
Crude Oil Prices Stabilize as Market Pits Geopolitical Tensions and Supply Cut Extensions Against Weak Demand
The domestic refined oil prices will not be adjusted according to the mechanism.
The National Development and Reform Commission's Pricing Department stated that since the adjustment of domestic refined oil prices on November 20, 2024, fluctuations in international oil prices have been running. According to the current domestic refined oil price mechanism calculations, today (the 4th), the average price for the first ten working days compared to the average price for the first ten working days on November 20, while considering the unadjusted amount on November 20, indicates that the cumulative adjustment amount is less than 50 yuan per ton. According to regulations, there will be no adjustment to gasoline and diesel prices this time, and the unadjusted amount will be added or offset in the next price adjustment. The three major companies, PetroChina, Sinopec, and CNOOC, along with other crude oil processing enterprises, need to organize the production of refined oil effectively.
PetroChina (00857.HK) rose over 4% in anticipation of OPEC+ extending production cuts and instability in the Middle East.
The market is hopeful that OPEC+ will decide to further delay the restoration of crude oil production capacity, as oil prices reached their largest single-day increase in two weeks the night before (on the 3rd). Additionally, Iran's consideration of sending troops to Syria has also boosted oil prices today (the 4th), with January New York crude and February Brent crude both rising over 0.2%.
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