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Oil Options Show Market Sees Further Gains on Middle East Risks
Trending Industry Today: SINOPEC CORP Leads Gains In Petroleum Stocks
Careful of soaring oil prices? Goldman Sachs warns: the oil market is completely unprepared for escalation in the Middle East conflict.
Goldman Sachs analyst Lindsay Matcham stated that further escalation of the conflict may have a significant impact on the market, especially if the conflict involves the potential closure of the Strait of Hormuz, which could likely lead to a surge in local oil prices; Goldman Sachs analyst Lina Thomas, in another report, highlighted four short-term positive drivers in the crude oil market - mentioning the Middle East trend.
Zheshang Securities: Continuous demand in the oilfield services industry, driven by both rising oil prices and energy security.
Benefiting from the return of high international oil prices, downstream integrated oil & gas companies' capital expenditures continue to grow, and the global as well as the domestic oilfield services industry have entered a new round of upturn since 2020.
Hong Kong stocks fluctuate | Petroleum stocks continue to decline. CNOOC (00883) once fell nearly 4% as news said OPEC+ will increase production in December.
Petroleum stocks continue to decline. As of the time of publication, PetroChina (00883) fell by 2.93% to HKD 17.86; china oilfield services (02883) fell by 1.9% to HKD 6.72; Sinopec (00857) fell by 0.8% to HKD 6.19.
Negotiations to restart the crisis at the Central Bank of Libya, recent warming in oil prices may return to a downward trend.
The competitors of this OPEC country's government have differences regarding the central bank governor issue; the stalemate has led to a significant decrease in crude oil production, triggering a tense mediation.
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