Oil Steadies After US Crude Stockpiles Log Fourth Weekly Draw
Brent Oil Price Also Under Pressure Due to Demand Concerns – Commerzbank
Nanshui sold more than 0.3 billion yuan of Maotai, while Beishui further bought more than 0.4 billion Hong Kong dollars of Tencent.
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Does China Oilfield Services (HKG:2883) Have A Healthy Balance Sheet?
Hong Kong stocks turmoil | CNOOC (00883) fell more than 5% and led the decline in petroleum stocks. Oil prices may come under pressure in the fourth quarter. Institutions state that dividends trading heat has decreased.
Petroleum stocks continued to decline in early trading. As of press time, China Oilfield Services (00883) fell by 3.71%, to HKD 20.75. PetroChina (00857) fell by 3.35%, to HKD 7.21. China Petroleum & Chemical Corporation (02883) fell by 2.85%, to HKD 6.81. Sinopec (00386) fell by 2.45%, to HKD 4.77.
Crude Oil Could Be Next – TDS
Hong Kong stocks surge | Petroleum stocks rebound collectively, US crude oil inventory drops significantly, international oil prices stop falling and rebound.
Petroleum stocks are collectively rebounding. As of press time, China National Offshore Oil (00883) has risen by 2.84% to HKD 21.75; China Oilfield Services (02883) has risen by 2.62% to HKD 7.06; Kunlun Energy (00135) has risen by 2.59% to HKD 8.33.
Crude Prices May Be on the Cusp of a Breakdown – TDS
Crude Oil Extends Declines on Chinese Demand Concerns, WTI Falls Below $80
Crude Oil Is on a Brink of a Turn – TDS
Oil Slips on Chinese Demand Concerns Despite U.S. Rate-Cut Optimism
Crude Oil: Downside Pressures to Continue – TDS
Oil Slips on Stronger U.S. Dollar After Trump Assassination Attempt
Guolian Securities: Tight balance of upstream petroleum resources, slow recovery of downstream demand.
Expected oil prices will continue to be maintained at a relatively high level, supported by the fundamentals.
Hang Seng Index Company: The Hang Seng Stock Connect State-Owned Enterprise Value Index has risen by more than 26% since the beginning of the year, significantly outperforming the market.
Heng Seng Index Company stated that state-owned enterprises have significantly outperformed in the Hong Kong stock market in recent years.
OPEC Monthly Report: Oil supply shortages may occur in the coming months as countries such as Russia have not yet fulfilled their production cuts.
On Wednesday, according to the latest monthly report from OPEC, although Russia significantly reduced its crude oil production in June, the three main OPEC+ members, Russia, Iraq, and Kazakhstan, still supply tens of thousands of barrels per day more than their quotas set earlier this year.
Crude Oil Regains Some Track – TDS
OPEC Holds Oil-Demand View Steady, Expects Faster Economic Growth -- Update
Crude Oil Prices Ease as Investors Digest Fed Chair Remarks, ANZ Bank Says
Supply Risk Drives Oil Market Upside – TDS
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