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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.
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.
CPI Data, Oil Inventories Take Center Stage Wednesday
Oil: More Obstacles for Iranian Crude – ING
SUNSHINE OIL (02012.HK) has signed an interest waiver agreement with the deferred holders.
On January 7, Gelonghui announced that SUNSHINE OIL (02012.HK) signed an interest waiver agreement with the holders of the extension on January 7, 2025. According to this agreement, the holders of the extension agree to unconditionally and irrevocably waive the accrued interest owed by the company from January 1, 2025, to December 31, 2025. According to the restoration and modification agreement reached by both parties on January 7, 2025, the total waived interest calculated on the outstanding amounts (i.e., principal plus interest) at an annual interest rate of 10.0% amounts to 31,529,139 USD. Apart from the waived interest, all other terms of the restoration and modification agreement remain in effect.
