Oil prices have risen for five consecutive times, Energy stocks lead the rise in U.S. stocks. What is the market anticipating?
The rise in oil prices is mainly due to the market's expectation of the Trump administration's upcoming sanctions against Iran, Venezuela, and Russia, which will lead to a reduction in Global Crude Oil Product supply, causing Energy Stocks to strengthen and become the stocks with the largest increase this week.
Middle East Oil Prices Jump on Scant Flows From Iran, Russia
Hong Kong stocks are moving differently | Petroleum stocks are collectively rising as the cold wave in the USA drives Crude Oil Product fluctuations upwards. Institutions continue to be Bullish on the long-term value of the "three major oil companies."
Petroleum stocks collectively rose, as of the time of publication, China Oilfield Services (02883) increased by 3.2%, reaching 7.1 Hong Kong dollars; Sinopec (00386) rose by 2.51%, reaching 4.49 Hong Kong dollars; CNOOC (00883) increased by 1.971%, reaching 19.22 Hong Kong dollars.
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.
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).
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.
Jintai Energy H (02728): Cao Yuqi has been appointed as a non-executive director.
jintai energy h (02728) announced that Cao Yuqi has been appointed as a non-executive director of the company, effective from January 2024...
OPEC+ plans to postpone the production increase until April next year! International oil prices have declined in the short term.
OPEC+ stated at the meeting that they have agreed in principle to postpone the originally scheduled January production increase plan, and will gradually lift the oil production cuts starting from April 2025 until September 2026. WTI crude oil futures and Brent crude oil futures experienced a short-term plunge.
Market update | Petroleum stocks in Hong Kong surged collectively as OPEC+ made progress in delaying production resumption, while the usa imposed sanctions on multiple oil-related entities and vessels in Iran.
Petroleum stocks rose collectively. As of the time of reporting, PetroChina (00857) increased by 3.02%, traded at 5.8 Hong Kong dollars; CNOOC (00883) rose by 2.76%, priced at 17.88 Hong Kong dollars; Kunlun Energy (00135) went up by 1.45%, priced at 7.69 Hong Kong dollars; Sinopec (00386) increased by 1.42%, traded at 4.25 Hong Kong dollars.
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.
The oil price may be adjusted again tomorrow evening.
At 24:00 on November 6 (Wednesday), the domestic finished oil price adjustment window will open again.
Hong Kong stock concept tracking | Middle East situation heats up again! Crude oil surged by 3%, how will oil prices perform in the future? (Concept stocks attached)
The Middle East tension is escalating again, leading to abnormal international oil prices.
Behind the sharp drop in oil prices, jpmorgan's "perplexion": Where did the sudden emergence of 45 million barrels of oil come from?
JPMorgan believes that global crude oil inventories are underestimated as a key factor. The additional inventory may be stored in underground facilities, making it difficult for satellite monitoring companies to accurately track specific changes. Oil industry expert Ilia Bouchouev states that when estimating crude oil supply and demand data, investors are like groping in the dark, making it difficult to obtain precise results.
Buy back stocks to repay loans! Cash flow crisis for oil giant, will the 'platinum age' of refining industry come to an end amid low oil prices?
With the decline in crude oil prices and refining profit margins, four of the five major super oil companies may need to borrow money to fund the recent $15 billion share buyback for the last quarter.
Petroleum Futures Weaken on Move to Winter-Grade Gasoline -- OPIS