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Hong Kong Stock Concept Tracking | Trump's tariff policy may disrupt Global oil demand and supply, tanker freight rates may rise in the short term (with concept stocks attached).
If tariffs continue to be implemented, it is expected that the demand for tanker ton-miles will increase, while domestic refining capacity in the USA may decline.
Uncertainty over USA tariffs has raised market concerns. Overnight international oil prices support Petroleum stocks. China National Petroleum (00857) rose by 1.32%.
Jinwu Financial News | Overnight international oil prices rose, supporting Petroleum stocks. YANCHANG PETRO (00346) increased by 3.7%, PetroChina (00857) increased by 1.32%, CNOOC (00883) increased by 1.19%, Sinopec (00386) rose nearly 1%. Uncertainty about USA tariffs has raised market concerns, and international oil prices have increased, with New York futures oil rising nearly 1.9%, reported at $72.32 per barrel. London Brent futures oil rose 1.6%, reported at $75.87 per barrel.
CITIC SEC: Crude Oil Product prices may reach a turning point in supply and demand relations, with the overall investment safety margin in the Chemical Sector being relatively high.
In 2025, the energy and chemical industries still face significant challenges amidst increasing uncertainty in domestic and foreign policies.
Hong Kong stock movement | Petroleum stocks continue to decline as the market worries about an oversupply in the oil market. Trump plans to increase Oil & Gas production.
Petroleum stocks continue to decline. As of the time of writing, China Oilfield Services (02883) is down 2.59%, trading at 7.16 HKD; KUNLUN ENERGY (00135) is down 1.62%, trading at 7.31 HKD; and PetroChina (00857) is down 0.98%, trading at 6.06 HKD.
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