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gtja: Saudi Arabia may increase production within the year, reaffirming that crude oil production increases will be bullish for oil shipping.
Overseas media reported that Saudi Arabia may increase production within the year, which will catalyze significant changes in the market's outlook on OPEC+ production strategy and expectations for crude oil production growth. It is reiterated that an increase in crude oil production will be bullish for oil shipping.
Major bank rating | JPMorgan: Industry forecasts show that future shipping demand will slow down in the coming months, lowering Orient Overseas target price to HK$166.
According to the industry forecast, the demand is expected to slow down in the coming months, but it is anticipated that freight rates in the fourth quarter will not have a significant adjustment. Looking ahead to 2025, the industry's supply and demand imbalance situation may improve.
Cautious Investors Not Rewarding COSCO SHIPPING Energy Transportation Co., Ltd.'s (HKG:1138) Performance Completely
COSCO SHIP ENGY: Interim Report 2024
Hong Kong stocks have seen a surge | COSCO Ship Engy (01138) rebounds more than 6%, the company has ordered two LNG transportation ships. The oil shipping market will enter the traditional peak season from October.
Cosco Ship Engy (01138) rebounded more than 6%, as of press time, rose 5.01%, reported HKD 7.55, with a turnover of HKD 34.3555 million.
COSCO Shipping Energy Units Place Order for 2 LNG Carrier Vessels
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Xunting Wu : COSCO Offshore Holdings is currently HK$12.54. Why is the target price 7.6?