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Hong Kong stocks are fluctuating | Petroleum stocks are recovering. Tariff risks have caused a short-term decline in Crude Oil Product prices. Institutions indicate that domestic oil companies are expected to weaken their sensitivity to oil prices.
Petroleum stocks have recovered. As of the time of this report, China Oilfield Services (02883) is up by 3.23%, priced at 5.43 HKD; CNOOC (00883) is up by 3.84%, priced at 16.22 HKD; SHANGHAI PECHEM (00338) is up by 2.75%, priced at 1.12 HKD; PetroChina (00857) is up by 0.56%, priced at 5.35 HKD.
Hong Kong stocks have fluctuated | Petroleum stocks opened lower collectively. The disturbance caused by tariff policies, along with OPEC+ increasing production, further drove oil prices down significantly.
Petroleum stocks opened lower collectively. As of the time of this report, CNOOC (00883) fell 10.52% to HKD 16.5; PetroChina (00857) fell 10.63% to HKD 5.63; KUNLUN ENERGY (00135) fell 7.07% to HKD 7.62; Sinopec (00386) fell 5.85% to HKD 3.86.
HUARONG ENERGY will suspend trading from the morning of April 1st, pending the release of the 2024 annual results.
HUARONG ENERGY (01101) announced that trading of its shares will be suspended on the Stock Exchange starting from 9:00 AM on April 1, 2025, pending the release of the 2024 annual performance.
Oil Watcher Expects Crude Prices to Stay Rangebound for Next 6 Months at Least
China Huarong Energy Faces Potential Delays in 2024 Financial Reporting
HUARONG ENERGY: INSIDE INFORMATION - POSSIBLE DELAY IN PUBLICATION OF THE 2024 ANNUAL RESULTS; POSSIBLE DELAY IN DESPATCH OF THE 2024 ANNUAL REPORT; POSTPONEMENT OF BOARD MEETING; AND POSSIBLE SUSPENSION OF TRADING
