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Divergence is increasing! The surge in oil prices has driven the rise of the three major listed in hong kong institutions, but warnings from institutions indicate limited room for a rebound.
①The international oil prices have risen for three consecutive days in the short term. Why has the divergence in institutions increased instead? ②The H shares of the 'Big Three' oil companies have collectively risen. What are the highlights of the rebound market?
Energy Intinv (00353.HK) subsidiary plans to purchase properties in Dongying City, Shandong Province for 32.435 million yuan.
On August 23, GlenHui Energy International Investment announced that on August 23, 2024, the buyer (an indirect non-wholly-owned subsidiary of the company) entered into the agreement with the seller, whereby the buyer agreed to purchase and the seller agreed to sell the property for a price of approximately RMB 32.435 million. This price was reached after the property was publicly auctioned and invited for bidding at Shandong Property Rights Trading Center. The company intends to use the property as the buyer's new office headquarters. The property referred to here is the property to be acquired by the buyer as part of the acquisition and is also known as No. 379, Yunhe Road, Dongying City, Shandong Province, China, Huanghe Delta International Plaza 3.
Express News | Energy International Investments - Unit Agreed to Purchase Property in Shandong Province for RMB32.4 Mln
Oil Bottoms Out After UK Navy Reports New Attacks in Red Sea
Stocks Stall as Gold and Oil 'Tinderbox Hedges' Dominate Trading
Concerns about demand have become the main market tone. Brent crude oil fell to a six-month low at one point, while US oil fell more than 4% during trading hours.
Despite the significant escalation of geopolitical tensions in the Middle East this week, which once briefly pushed up crude oil prices, the concern about economic recession has become the main market sentiment, and investors are worried about the demand for crude oil. Oil prices fell sharply on Friday, falling for four consecutive weeks, marking the longest decline since December last year.
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