Oil: The End of an Era – Rabobank
OPEC has raised its global medium to long-term petroleum demand expectations, with PetroChina's stock rising by over 4%.
How do institutions view the new energy fund transformation plan? What other news is currently driving the rise in oil prices?
In August, the overall consumer prices in Hong Kong rose by 2.5%.
1. Market News: 1. Overall consumer prices in Hong Kong rose by 2.5% in August, unchanged from the same period last year, according to the Hong Kong government's Census and Statistics Department. According to the Composite Consumer Price Index, the overall consumer prices in August 2024 rose by 2.5% compared to the same month last year, the same increase as in July 2024. Excluding the impact of all government one-off relief measures, the Composite Consumer Price Index in August 2024 had an annual increase (i.e. the basic inflation rate) of 1.2%, which was the same as the corresponding increase in July 2024. The seasonally adjusted Composite Consumer Price Index for the three months ending in August 2024.
china petroleum & chemical corporation Group plans to transfer 4% equity of sinopec ssc (01033) to petrochina Group free of charge.
sinopec ssc (01033) announced that on September 20, 2024, the company received company's controlling...
Express News | Sinopec Oilfield Service Corp - China Petrochemical Corpo and China National Petroleum Corp Entered Transfer Agreement
Sinopec Oilfield Service Corporation (600871.SH): China Petroleum & Chemical Corporation plans to transfer 4% of the company's shares to PetroChina without compensation.
Sinopec Oilfield Service Corporation (600871.SH) announcement, in order to deepen the company's controlling shareholder China Petrochemical Corporation ("...
Sinopec Oilfield Service Corporation (600871.SH): China Petroleum & Chemical Corporation plans to transfer 4.00% of the shares to PetroChina group for free.
Gelonghui September 20th | Sinopec Oilfield Service Corporation (600871.SH) announced that on September 20, 2024, the company received a notification from its controlling shareholder, China Petrochemical Corporation (referred to as "Sinopec Group"), to deepen the strategic cooperation between Sinopec Group and PetroChina. In order to optimize the equity structure of the company, Sinopec Group and PetroChina signed a gratuitous transfer agreement on September 20, 2024, intending to transfer state-owned shares without compensation with the approval of the State-owned Assets Supervision and Administration Commission of the State Council (referred to as "SASAC").
SINOPEC SSC: Interim Report 2024
Under the imbalance of supply and demand, a large number of new factories are starting to be put into production, and the 'super cycle' of the global refining industry is coming to an end.
Refineries in Asia, Europe, and the USA are facing the issue of profitability dropping to the lowest level in many years, marking the beginning of a decline in this industry that saw a surge in roi after the COVID-19 pandemic.
sinopec ssc (01033) has cancelled 4.928 million shares repurchased.
Sinopec Ssc (01033) announced that on June 12, 2024, Sinopec Petrochemical Engineering and Technical Services Co., Ltd...
Sinopec SSC (01033.HK) cancelled a total of 4.928 million H-share shares.
Sinopec SSC (01033.HK) announced that the company repurchased a total of 4.928 million H shares from August 21, 2024 to September 12, 2024, accounting for 0.03% of the total issued shares of the company. The shares were cancelled on September 19, 2024.
Oil Futures Slip Ahead of EIA Inventories, Fed Decision -- Market Talk
Oil Futures Extend Recovery From Lows -- Market Talk
Sinopec Oilfield Service Corporation (600871.SH): It is expected that the total value of new signed contracts for the full year of 2024 will reach 90 billion yuan.
Sinopec Oilfield Service Corporation (600871.SH) stated on the investor interaction platform on September 12th that the company continues to deepen reform, enhance vitality and drive high-quality development through reform. After the establishment of the new board of directors in June this year, the company has further strengthened internal reform, focusing on "accurate allocation of incremental assets, effective activation of stock assets, rapid realization of depleting assets." The company has integrated and adjusted, leased, disposed of, and tendered business, established asset operation sub-companies, played a role as a platform for resource coordination and sharing, smoothed the channel for asset allocation and activation among enterprises, and enhanced the efficiency of asset operation.
Oil: Slowing Demand Weighs on Prices – TDS
Sinopec Oilfield Service (HKG:1033) Has A Somewhat Strained Balance Sheet
Sinopec SSC (01033.HK) repurchased 0.57 million shares on September 4th at a cost of 0.2931 million Hong Kong dollars.
On September 4, 2024, Sinopec SSC (01033.HK) announced that the company spent 0.2931 million Hong Kong dollars to repurchase 0.57 million shares at a repurchase price of 0.51-0.52 Hong Kong dollars per share.
Overnight international oil prices plunged, causing market concerns. PetroChina's H-shares fell nearly 6%.
Why did international oil prices weaken overnight? How do institutions view future oil prices?
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?
Sinopec SSC (01033.HK) spent 0.58 million Hong Kong dollars to repurchase 1.1 million shares on August 21.
On August 21, 2024, sinopec ssc (01033.HK) announced that the company spent 0.58 million Hong Kong dollars to repurchase 1.1 million shares.
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