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Crude Futures Sink As Risk Of Supply Disruption Fades -- Market Talk
Sinopec Corp (00386.HK) held a board of directors meeting on October 28 to review and approve third quarter performance.
Gelonghui October 15th - Sinopec Corp (00386.HK) announced that China Petroleum & Chemical Corporation will hold a board of directors meeting on October 28, 2024 (Monday) to review and, if deemed appropriate, approve matters including Sinopec's performance in the third quarter of 2024.
SINOPEC CORP: Notice of Board Meeting
IEA Trims Oil-Demand Forecast for Third Consecutive Month -- Update
[Industry Trends] OPEC cuts global oil demand expectations for the next two years for the third time; Shenzhen increases support for the integrated circuit industry.
OPEC once again lowered the global oil demand expectations for the next two years. The Organization of the Petroleum Exporting Countries (OPEC) released its monthly Oil Market Report on the 14th, revising down the expectations for global oil demand in 2024 and 2025. This is the third consecutive downward revision after lowering the global oil demand expectations for the next two years in August and September. The report indicates that OPEC has revised down the expected daily global oil demand growth for 2024 from 2.03 million barrels to 1.93 million barrels, with the revised annual average daily oil demand estimated at around 10.4 million barrels. Source: Xinhua News Agency Shenzhen ramps up support for the integrated circuit industry, accelerating the establishment of billion-dollar-level.
The three major petroleum companies stumble at the beginning, PetroChina (00857) fell by 3.28% as OPEC lowered its expectations for the growth rate of petroleum demand, causing a sharp decline in international oil prices.
Golden Finance News | The three major oil companies experienced initial setbacks. As of press time, PetroChina (00857) fell by 3.28%, CNOOC (00883) fell by 2.43%, and Sinopec Corp (00386) fell by 1.23%. On the news front, OPEC, the Organization of the Petroleum Exporting Countries, has lowered its global crude oil demand growth forecasts for this year and next for the third consecutive month, surprising petroleum market analysts. The organization seems to have finally realized that the global fuel consumption scale is slowing sharply. It is understood that in its latest monthly report, OPEC stated that in 2024, global