Macquarie: The global oil market is expected to face "severe oversupply" by 2025.

According to the McKinsey supply and demand equilibrium forecast, the oil market will face a serious supply surplus in the next five quarters, triggering a situation similar to a 'price war', and oil prices may fall to around $50 per barrel.

wallstreetcnSep 13 09:50 ET

Oil on Track for Weekly Gains After Global Benchmark's Dip Below $70 a Barrel

MarketWatchSep 13 07:22 ET

Shenwan Hongyuan: Significant profit recovery in hydropower, natural gas, and reduced interest rates bullish for the entire industry.

In the first half of the year, hydropower showed a significant bias towards abundance, with national hydropower generation increasing significantly against a low base. Gas consumption and return are on the rise, with continuous improvement in cost reduction and margin enhancement.

Zhitong FinanceSep 13 01:40 ET

Demand expectations suffer another blow, WTI falls to a new low for the year.

This week (9.5-9.11), the overall crude oil price showed a downward trend. The average price of WTI this week is $67.72 per barrel, a decrease of $4.53 per barrel, or -6.27% compared to the previous week.

CME GroupSep 12 23:08 ET

Hong Kong stocks surged, petroleum stocks collectively rose, hurricanes drove up crude oil prices, and OPEC's delay in reducing production supported the oil market.

Petroleum stocks collectively rose, as of the time of publication, Sinopec (00386) rose 3.05%, to HKD 4.39; CNOOC (00883) rose 1.65%, to HKD 18.46; Kunlun Energy (00135) rose 1.24%, to HKD 7.32.

Zhitong FinanceSep 12 22:56 ET

The overnight rise in international oil prices has boosted the petroleum stocks.

Golden Financial News | Overnight foreign oil prices rose, driving petroleum stocks higher. Sinopec (00386) rose 2.58%, CNOOC (00883) rose 2.09%, PetroChina (00857) rose 1.61%, Kunlun Energy (00135) rose 1.43%, China Oilfield (02883) rose 0.64%. International oil futures prices rose. NYMEX crude oil closed at $68.97 per barrel, up nearly 2.5%. London Brent crude oil closed at $71.97 per barrel, up 1.9%. Hurricane "Fransin" made landfall in southern Louisiana, USA on the 11th, affecting over 0.36 million users.

金吾財訊Sep 12 21:44 ET