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Oil Futures Extend Recovery From Lows -- Market Talk
Sinopec Oilfield Service Corporation (600871.SH): It is expected that the total value of new signed contracts for the full year of 2024 will reach 90 billion yuan.
Sinopec Oilfield Service Corporation (600871.SH) stated on the investor interaction platform on September 12th that the company continues to deepen reform, enhance vitality and drive high-quality development through reform. After the establishment of the new board of directors in June this year, the company has further strengthened internal reform, focusing on "accurate allocation of incremental assets, effective activation of stock assets, rapid realization of depleting assets." The company has integrated and adjusted, leased, disposed of, and tendered business, established asset operation sub-companies, played a role as a platform for resource coordination and sharing, smoothed the channel for asset allocation and activation among enterprises, and enhanced the efficiency of asset operation.
Oil: Slowing Demand Weighs on Prices – TDS
Sinopec Oilfield Service (HKG:1033) Has A Somewhat Strained Balance Sheet
Sinopec SSC (01033.HK) repurchased 0.57 million shares on September 4th at a cost of 0.2931 million Hong Kong dollars.
On September 4, 2024, Sinopec SSC (01033.HK) announced that the company spent 0.2931 million Hong Kong dollars to repurchase 0.57 million shares at a repurchase price of 0.51-0.52 Hong Kong dollars per share.
Overnight international oil prices plunged, causing market concerns. PetroChina's H-shares fell nearly 6%.
Why did international oil prices weaken overnight? How do institutions view future oil prices?
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