Hong Kong stocks movement | Petroleum stocks continue to decline as OPEC decides to increase production as scheduled. In the short term, oil prices are still affected by tariffs and other factors.
The Petroleum stocks collectively declined. As of the time of writing, China Oilfield Services (00883) dropped 3.02%, priced at 17.32 HKD; PetroChina (00857) fell 2.41%, priced at 5.68 HKD; China Oilfield Services (02883) decreased 1.74%, priced at 6.23 HKD.
United Energy Group Limited's (HKG:467) Share Price Not Quite Adding Up
Hong Kong stocks fluctuation | UNITEDENERGY GP (00467) dropped over 10% in the morning. The China Securities Regulatory Commission announced that Orient Group Incorporation is suspected of significant financial fraud.
UNITEDENERGY GP (00467) dropped more than 10% in the morning session, as of the time of writing, it has decreased by 7.04%, priced at 0.33 HKD, with a transaction volume of 30.7825 million HKD.
Oil Prices Drop To Two-Month Lows On US Fuel Stockpile Build
New U.S. Sanctions Target Iran's Oil Supply Chain Amid Trump's 'Maximum Pressure' Push -- WSJ
Not afraid of pressure from Trump? Traders expect OPEC+ to delay the production increase plan for April again.
Despite Trump pressuring for a price cut, traders generally expect that due to a potential oversupply in the Global market, OPEC+ will postpone the planned monthly production increase set to start in April by one to three months. This is the fourth time since 2022 that OPEC+ has delayed plans to restore oil production.
Oil Rises on Supply Fears -- Market Talk
United Energy Unit to Buy 52% Stake in Energy Firm
Oil Drops as Iraq, Russia Supply Prospects Weigh On Prices
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.
United Energy Unit to Buy Oil and Gas Firm in Egypt; Shares Up 4%
UNITEDENERGY GP (00467.HK) plans to acquire all shares of AIEHI.
On February 7, Glonghui reported that UNITEDENERGY GP (00467.HK) announced that on February 7, 2025, the buyer United Energy (MENA) Limited (a wholly-owned subsidiary of the company) and the seller Apex International Energy L.P. along with the guarantor KEP (a wholly-owned subsidiary of the company) have signed the "Share Purchase Agreement". According to the Share Purchase Agreement, the buyer conditionally agrees to acquire, and the seller conditionally agrees to sell the target shares to the buyer. KEP has agreed to guarantee the buyer's payment related to the acquisition under the Share Purchase Agreement.
Express News | United Energy - Purchase Price for US$150.0 Mln
Express News | United Energy Group Ltd - Acquisition of Apex International Energy Holdings I
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.
United Energy Group Limited's (HKG:467) Market Cap Rose HK$517m Last Week; Individual Investors Who Hold 45% Profited and so Did Insiders
CPI Data, Oil Inventories Take Center Stage Wednesday
Oil: More Obstacles for Iranian Crude – ING
Middle East Oil Prices Jump on Scant Flows From Iran, Russia