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Petrochina (00857.HK) plans to hold a board of directors meeting on August 26 to approve its mid-term performance.
PetroChina (00857.HK) announced that the board of directors will hold a meeting on August 26, 2024 (Monday) at PetroChina Building, No. 9 Dongzhimen North Street, Dongcheng District, Beijing to review and approve the interim performance of the company and its subsidiaries for the six months ending June 30, 2024, and to consider the proposal for the distribution of interim dividends.
PETROCHINA: NOTICE OF BOARD MEETING
Overnight international oil prices rose, driving petroleum stocks up. CNOOC (00883) rose 2.08%. McGrory expects a Q4 oil price correction.
Petroleum stocks mostly rose, with Sino Oil & Gas (00702) up 10.29%, CNOOC (00883) up 2.08%, Yanchang Petro (00346) up 1.96%, Kunlun Energy (00135) up 1.3%, Sinopec (00386), and PetroChina (00857) following the trend. The escalation of the Middle East conflict may cause market tension, and investors expect it to lead to global crude oil supply tension, resulting in a rise in international oil prices, for five consecutive trading days. The overnight NYMEX crude oil settled at $80.06 per barrel, up 4.2%. The London Brent crude oil settled at 82.3 per barrel.
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