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WTI Moves Above $70.00 After OPEC+ Delay in Output Increase, Eyes on US Election
Crude oil prices are in a slump, OPEC+ once again delays the resumption of crude oil supply.
OPEC+ has agreed to delay the December production increase plan by one month, due to fragile economic outlook and ongoing struggles in oil prices, marking the organization's second postponement of supply restoration plans.
Sinopec Corp spent HK$32.7651 million on November 1st to repurchase 7.424 million shares.
Sinopec Corp (00386) announced that the company spent 32.7651 million Hong Kong dollars to repurchase 7.424 million shares on November 1, 2024.
Sinopec Corp has cumulatively repurchased 30.3092 million A-shares in October, spending approximately 0.189 billion yuan.
Sinopec Corp (00386) announced that in October 2024, the company has repurchased a total of 30.3092 million A shares through centralized auction trading, accounting for 0.02% of the total share capital. The highest purchase price was RMB 6.33 per share, and the lowest price was RMB 6.16 per share, with a total payment of approximately RMB 0.189 billion (excluding transaction costs). As of October 31, 2024, the company has repurchased a total of 37.8 million A shares in this round, accounting for 0.03% of the total share capital, with the highest purchase price of RMB 6.40 per share.
OPEC+ Extends Oil Production Cuts Until the End of December
Sinopec SSC (01033): The State-owned Assets Supervision and Administration Commission of the State Council approved China Petroleum & Chemical Corporation to transfer 0.759 billion shares of A shares held by the company to PetroChina Group for free.
Sinopec SSC (01033) announced that on October 31, 2024, the company received a notice from its controlling shareholder China Petroleum & Chemical Corporation...
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102329055 : Do people still care what's going to be announce this Saturday?
Thelord 102329055 : Sure announce useless things and Monday gonna dump very hard again
102329055 Thelord : Can they afford to say useless stuff?
10baggerbamm 102329055 : are you kidding me I got news for you if China does not stimulate again the economy in a very big way Monday you're going to lose BIG%, it's going to be a gap down before you can even get out. if they do this monster gargantuan stimulus that's was supposedly going to happen on Monday if they do that on Saturday then it's an enormous Gap up on Monday morning it won't be as high as the last leg up the first time and that's because the first time you had huge shorts in the marketplace but you will see about a 50% retracement of what the former high was to the recent sell off the lows this week
Thelord 102329055 : They never fail to shoot at their own feet
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