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New U.S. Sanctions Target Iran's Oil Supply Chain Amid Trump's 'Maximum Pressure' Push -- WSJ
A Piece Of The Puzzle Missing From Petro-king Oilfield Services Limited's (HKG:2178) 25% Share Price Climb
Not afraid of pressure from Trump? Traders expect OPEC+ to delay the production increase plan for April again.
Despite Trump pressuring for a price cut, traders generally expect that due to a potential oversupply in the Global market, OPEC+ will postpone the planned monthly production increase set to start in April by one to three months. This is the fourth time since 2022 that OPEC+ has delayed plans to restore oil production.
Oil Rises on Supply Fears -- Market Talk
Oil Drops as Iraq, Russia Supply Prospects Weigh On Prices
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.
Subdued Growth No Barrier To Petro-king Oilfield Services Limited (HKG:2178) With Shares Advancing 27%