Oil and gas equipment and services
- 747.544
- +13.273+1.81%
Market quick review: Hong Kong's three major indexes opened low and rose high, with rising gold, oil, and coal industry stocks, and new and old stocks of gold surged more than 60%.
Most network technology stocks have risen, with Pa Gooddoctor up more than 3%, Bilibili up nearly 2%, Xiaomi Group up more than 1%, Kuaishou, Baidu, and Tencent all slightly up; JD.com and Alibaba are slightly down.
Crude oil product analysis at noon: Brent crude futures prices rose slightly, how will the EIA inventory report affect the market?
What impact will the resumption of operation of Ecuador's largest crude oil pipeline OCP on July 5 have on global crude oil supply?
Crude oil saw the largest short covering since 2016, triggering a lot of bullish comments.
In just two weeks, Brent crude oil experienced the largest single-week bull close-out in history and the largest bear repurchase in eight years. What happened behind this?
Bullish oil market! Goldman Sachs: Oil demand may not peak for another 10 years.
Goldman Sachs analysts say that there may be a shortage of supply in the global oil market, as it will take another 10 years to reach the demand peak.
Crude oil product analysis at noon: Brent crude futures fell slightly, and the storm did not affect the production of oil & gas.
Brent crude oil futures edged down, with the market paying attention to global energy dynamics as US EIA inventories declined.
Will the strong price remain unsustainable? Saudi Arabia's crude oil exports fell below 6 million barrels per day in April.
Saudi Arabia's crude oil exports in April decreased by 6.9% compared to March; However, the country's production in April slightly increased compared to the previous month.
Oil prices rebounded, the stock god added positions to petroleum giants for nine consecutive days, and Hong Kong A's petroleum stocks surged strongly!
Wall Street's multiple large banks are bullish on third-quarter oil prices.
Will oil prices soar again? Analysts warn that the oil market sentiment is "fragile".
Analysts say that oil prices may return to $70 per barrel.
Mid-day overview: All three major indexes rose by over 1%, with network technology stocks, autos, and mainland China banking stocks up. Bilibili rose over 10%.
Network technology stocks rose, SenseTime rose more than 7%, Xiaomi Group rose more than 3%, Netease, Tencent, Alibaba, and jd.com all rose more than 1%.
Is the Petrodollar Agreement “Expired”? The link between the Saudi currency and the US dollar will not change in the short term.
Reports of the imminent expiration of the US-Saudi oil-for-dollars agreement have been refuted by some financial analysts and economists. Experts point out that the dominance of the US dollar as the world's main reserve asset remains unchanged, and Saudi Arabia does not have the motivation to shift to other currencies.
Crude oil product analysis at noon: Brent crude oil gave back some of yesterday's gains in early trading, as Ecuador's largest oil pipeline announced a shutdown.
During the early trading session in Asia, ICE Brent crude oil futures prices slightly declined after a significant increase in the previous trading day.
OPEC and IEA have a confrontation: "IEA's comments are very dangerous".
The Secretary-General of OPEC stated that all previous peak oil demand forecasts have been proven wrong.
Sinopec Kantons Holdings Limited Goes Ex Dividend Tomorrow
Bearish alert? IEA: Global crude oil demand is about to peak and oversupply is coming.
The International Energy Agency's (IEA) monthly report on the crude oil market on Wednesday, June 12 indicated that global oil production will surge by 2030, exceeding demand growth. The agency warned that this would push idle capacity to unprecedented levels. IEA Director Birol suggested that the world's largest energy giants adjust their business strategies to adapt to the changes taking place.
Bullish news for the oil market! EIA raises global demand expectations, expects crude oil inventories to decline in Q1 next year.
On Tuesday EST, the US Energy Information Administration (EIA) added fuel to the bullish sentiment in the market; EIA has further raised its expectations for global oil demand and expects record global oil demand this year.
OPEC Monthly Report: Maintains unchanged expectations for oil demand, global economy is expected to further improve.
The monthly report released by OPEC on Tuesday shows that despite lower-than-expected consumption in the first quarter, the organization still maintains its unchanged forecast for relatively strong global oil demand growth in 2024 and 2025. After the release of the report, international oil prices remained stable.
Will oil prices have a hot third quarter? Goldman Sachs, which tore up the report over the weekend, gave a new estimate of $86.
Due to the peak travel season and energy demand caused by hot weather, global oil prices are expected to rise again this summer. According to the latest report released on Sunday by Goldman Sachs' head of oil research Daan Struyven, Brent crude oil prices are expected to rise to $86 per barrel in the third quarter of this year, an increase of nearly 7% from current levels.
Goldman Sachs draws a line for oil prices: "Floor of 75 and ceiling of 90", and there will be a "big gap" in the market in the third quarter.
Considering factors such as strong demand in the summer in the USA, replenishment of supplies between China and the USA, the return of financial demand, and OPEC holding the bottom line, the price of Brent crude oil may rise to $86 per barrel in Q3.
The peak of crude oil sell-off is over! Goldman Sachs predicts a "major supply gap" in the third quarter.
Position data indicates that the selling of Brent oil may have reached its peak.
Midday Overview | Hong Kong stocks opened high and fell low, ChiNext fell more than 1%; wind power stocks rose against the trend, Datang Renewables rose more than 5%.
NIO Inc. fell more than 7% after the earnings report, with an expanded loss in the first quarter and a decrease in the average price and delivery volume of autos.