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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.
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.
What Investors Should Note From IEA's Latest Oil Market Report
Trump's Middle East global strategy exposed!
Trump may once again impose 'maximum pressure' on Iran, sanction Iranian oil, strongly support Israel's strikes on Iranian nuclear and energy facilities.
Hong Kong stock concept tracking | Trump's victory is bearish for oil prices. The aviation sector benefits from the drop in oil prices (with concept stocks).
Citi: Trump's re-election may create downward pressure on oil prices until 2025.
