SINOPEC SSC (01033.HK) plans to spend up to 50 million yuan to buy back A-shares.

SINOPEC SSC (01033.HK) announced plans to use its own funds to repurchase a portion of A shares through a centralized bidding trade, aimed at canceling them and reducing registered capital. It is reported that the total amount for the repurchase will be no less than 40 million yuan (the same below) and no more than 50 million yuan, with a repurchase price not exceeding 2.74 yuan per share. The company will conduct the buyback using its own funds. (js/k)~

AASTOCKSDec 19 16:30

Ignoring OPEC+'s decision to postpone production cuts, Kazakhstan still plans to increase its oil production by 2025.

Kazakhstan insists on increasing its oil production next year, which may further exacerbate tensions with its OPEC+ partners.

Zhitong FinanceDec 18 15:01

Sinopec SSC (01033): Zhao Jinhai has resigned as a non-executive director.

Sinopec SSC (01033) announced that the board of directors has received a written resignation letter from Zhao Jinhai. Due to a work adjustment, Zhao...

Zhitong FinanceDec 10 16:42

Express News | Sinopec oilfield service corporation: Company director Zhao Jinhai resigned.

BreakingsDec 10 16:15

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