00883 CNOOC
- 21.150
- -1.150-5.16%
CNOOC News
CNOOC (00883) appointed Zhao Chunming as Vice President.
CNOOC (00883) announced that Mr. Xu Changgui was appointed as the company's Chief Geologist and no longer serves as the Deputy Director of Exploration.
Northbound funds trend: net selling of 0.316 billion yuan, domestic capital grabbed over 1.2 billion yuan to invest in Tencent (00700), and sold petroleum stocks and Hong Kong ETFs all day.
On July 17th, the Hong Kong stock market net-sold 316 million Hong Kong dollars, with a net buy-in of 1.715 billion Hong Kong dollars for the Hong Kong Stock Connect (Shanghai) and a net sell-out of 2.031 billion Hong Kong dollars for the Hong Kong Stock Connect (Shenzhen).
Hong Kong stocks fluctuate | Petroleum stocks continue to fall in early trading due to the easing of the Middle East situation and concerns over demand. International oil prices continue to decline.
Petroleum stocks continued to fall in early trading. As of press time, CNOOC (00883) fell 4.48% to HKD 21.3; PetroChina (00857) fell 4.29% to HKD 7.58; Sinopec (00386) fell 2% to HKD 4.91.
Crude Oil Extends Declines on Chinese Demand Concerns, WTI Falls Below $80
WTI tumbled below $80.00 per barrel as Crude Oil bids crumble.
Crude Oil Is on a Brink of a Turn – TDS
Crude oil markets could be about to break down. A downtape could now force trend-followers to liquidate a massive -40% of their max size, TDS senior commodity strategist Daniel Ghali notes.
Express News | Russia's Arctic LNG 2 Project Cuts Natural Gas Extraction in May by Almost Three Quarters From April, Source Says
Oil Slips on Chinese Demand Concerns Despite U.S. Rate-Cut Optimism
0756 GMT - Oil prices are edging lower on concerns over China's demand outlook despite dovish comments from Fed Chair Jerome Powell ramping up bets on a September rate cut. Brent crude is down 0.7%
CNOOC (00883) rose 1.11% against the market in the exploration area of the Bohai Zhongshen boundary with significant breakthroughs.
Jingu Finance News | CNOOC (00883) rose against the market. As of press time, it rose 1.11% to HKD 22.75, with a turnover of HKD 66.168 million. Yesterday, the company announced a major breakthrough in the exploration area of the Bohai Mid-Shelf Submarine. Longkou 7-1 oil and gas field is located in the eastern waters of the Bohai Sea, with an average water depth of about 26 meters. The discovery well LK7-1-1 drilled a total of about 76 meters of oil and gas layers, with a total drilling depth of about 4400 meters. After testing, the well produces nearly one million cubic meters of natural gas and about 210 cubic meters of crude oil per day, creating the highest record of natural gas production capacity test in Bohai Oilfield. According to UBS's report, the three major domestic
Crude Oil: Downside Pressures to Continue – TDS
Crude oil markets are also particularly vulnerable to a downtape, TD Securities senior commodity strategist Daniel Ghali notes.
Express News | CNOOC - Achieved Exploration Breakthrough in Mesozoic Buried Hill Offshore Bohai Bay
In the past four days, southbound funds have been continuously selling CNOOC, with a total of 0.86 billion Hong Kong dollars in net sales.
As of today, southbound funds had a net purchase of 4.871 billion yuan in Hong Kong stocks. Among them, there was a net purchase of tracker fund of hong kong of 1.194 billion, Hang Seng H-Share Index ETF of 0.609 billion, CSOP Hang Seng Tech Index ETF of 0.256 billion, Industrial and Commercial Bank of China of 0.203 billion, China Mobile of 0.197 billion, China Shenhua Energy of 0.11 billion, and Meituan of 0.11 billion; and a net sell of China Hongqiao of 0.378 billion and CNOOC of 0.126 billion. According to statistics, southbound funds have been net selling CNOOC for 4 consecutive days with a total of 0.86175 billion Hong Kong dollars.
Oil Slips on Stronger U.S. Dollar After Trump Assassination Attempt
Oil prices are edging lower on a stronger U.S. dollar following the attempted assassination of former President Donald Trump over the weekend. Brent crude and WTI are both down 0.1% to $84.92 and $82.
Guolian Securities: Tight balance of upstream petroleum resources, slow recovery of downstream demand.
Expected oil prices will continue to be maintained at a relatively high level, supported by the fundamentals.
United Kingdom Crude Petroleum & Natural Gas Extraction Industry Market Research Report 2024 Featuring CNOOC Petroleum Europe, BP, and TotalEnergies
Hang Seng Index Company: The Hang Seng Stock Connect State-Owned Enterprise Value Index has risen by more than 26% since the beginning of the year, significantly outperforming the market.
Heng Seng Index Company stated that state-owned enterprises have significantly outperformed in the Hong Kong stock market in recent years.
OPEC Monthly Report: Oil supply shortages may occur in the coming months as countries such as Russia have not yet fulfilled their production cuts.
On Wednesday, according to the latest monthly report from OPEC, although Russia significantly reduced its crude oil production in June, the three main OPEC+ members, Russia, Iraq, and Kazakhstan, still supply tens of thousands of barrels per day more than their quotas set earlier this year.
Crude Oil Regains Some Track – TDS
Crude oil's resilience has seen Commodity Trading Advisors (CTAs) add back their notable length in WTI. The impact to oil supply from hurricane Beryl was less than expected, TDS analysts note.
OPEC Holds Oil-Demand View Steady, Expects Faster Economic Growth -- Update
The Organization of the Petroleum Exporting Countries kept its bullish outlook for oil-demand growth unchanged and raised its economic-growth forecast for this year, citing solid momentum across major economies.
Crude Oil Prices Ease as Investors Digest Fed Chair Remarks, ANZ Bank Says
Crude oil prices ended the previous session lower and saw some volatility as investors considered Federal Reserve Chair Jerome Powell's semiannual monetary policy report, which said the U.S. is "no
Hong Kong stocks are turbulent | Petroleum stocks' afternoon decline expanded. Concerns about supply tensions eased, and international oil prices continued to fall.
Petroleum stocks fell in the afternoon. As of press time, Kunlun Energy (00135) fell 3.29% to HKD 8.52; Sinopec (00386) fell 3.17% to HKD 4.88; PetroChina (00857) fell 3.15% to HKD 7.98; CNOOC (00883) fell 2.4% to HKD 22.4.
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