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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.
PETRO-KING [02178] is currently reported at 0.052 Hong Kong dollars, a decrease of 13.33%.
As of 11:55, PETRO-KING [02178] reported 0.052 HKD, down from yesterday's closing price of 0.06 HKD, a drop of 0.008 HKD or 13.33%. The trading volume is 0.0032 million HKD, today's highest price is 0.055 HKD, and the lowest price is 0.052 HKD. Based on yesterday's closing price, the 10-day average price is 0.06 HKD, the 50-day average price is 0.06 HKD, and the current PE is -1.41 times, with a 14-day Index reporting 48.00.
CPI Data, Oil Inventories Take Center Stage Wednesday
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Subdued Growth No Barrier To Petro-king Oilfield Services Limited (HKG:2178) With Shares Advancing 27%
