Macquarie: A structural Put on oil prices with advantages in the refining Business, giving SINOPEC CORP (00386) and CHINA OILFIELD (02883) an "outperform the market" rating.

The bank expects that when oil prices decline, China's refining Business will have certain advantages, predicting that this year's core refining profit margins in China may significantly rebound, partly offset by one-time inventory losses caused by the drop in oil prices in the first quarter.

Zhitong Finance03:12 ET

Trump claims he will impose "secondary tariffs" targeting buyers of Venezuelan oil.

① Trump announced that the USA will impose "secondary sanctions" on Venezuela, and any country purchasing oil or Henry Hub Natural Gas from Venezuela will be forced to pay a 25% tariff to the USA; ② The USA is one of the destinations for Venezuela's energy, with Venezuela's Crude Oil Product export volume in 2024 estimated at approximately 0.66 million barrels per day, of which the USA's import volume is around 0.233 million barrels per day.

cls.cn13:12 ET

Trade Uncertainty, Geopolitical Tensions Increase Supply Distortions in Commodity Markets, ANZ Research Says

MT NewswiresMar 24 02:21 ET

Weekly Crude Inventories Rise More Than Expected

MT NewswiresMar 19 13:47 ET

OPEC+ Could Pause Output Hike If Brent Falls to Mid-$60s -- Market Talk

WSJMar 18 10:18 ET

Russia's Oil Output Projected to Hit 515-520 Million Tonnes by 2025

InvestingMar 18 06:56 ET