CNOOC Limited Reports H1 Results
Oil Prices Give Back Some Gains After Rally on Libyan Production Halts
PetroChina Shares Rise After It Posts Higher Profit, Revenue as Oil Prices Gain
Goldman Cuts Oil Outlook Below US$80 as Opec+ Risks Send Chill
The oil price decline shows no signs of stopping? The OPEC+ decision is crucial, with Goldman Sachs and Morgan Stanley both bearish until 2025.
Wall Street is concerned about the crude oil product outlook for next year, with Goldman Sachs and Morgan Stanley both lowering price forecasts due to the global increase in supply.
Overnight US stocks | The three major indexes rise and fall differently, the Dow hits a new historical high, and the tense situation in the Middle East helps crude oil surge by more than 3%.
At the close, the Dow Jones Industrial Average rose 65.44 points, or 0.16%, to 41,240.52; the Nasdaq Composite fell 152.03 points, or 0.85%, to 17,725.77; the S&P 500 Index fell 17.77 points, or 0.32%, to 5,616.84.
Oil prices rise more than 3%! "Double Storm" in the Middle East situation upgraded + Libya suspends exports.
The eastern government of Libya announced today that it has halted all crude oil production and exports. Concerns about disruptions in crude oil supply have soared due to the large-scale attack on Israel announced by Hezbollah yesterday. Brent crude oil touched $81 at one point today, while WTI crude oil rose above $77.
Pepe Price Forecast: PEPE Poised for a 15% Slump as It Fails to Overcome Key Barrier
Divergence is increasing! The surge in oil prices has driven the rise of the three major listed in hong kong institutions, but warnings from institutions indicate limited room for a rebound.
①The international oil prices have risen for three consecutive days in the short term. Why has the divergence in institutions increased instead? ②The H shares of the 'Big Three' oil companies have collectively risen. What are the highlights of the rebound market?
The bulls and bears are deadlocked, and oil prices are hovering in the range of 75-90 US dollars.
The trend of significant volatility in oil prices at the beginning of August has quickly reversed and is currently hovering in the range of $75-90.
Drone made of carbon fiber is speeding up the commercialization of low-altitude economy, enabling delivery of medicine and transportation of seafood. | Firsthand
①As of the end of June, Fengyi drones have accumulated nearly a million flights, transporting over 4.2 million items, with a total flight distance of nearly 5 million kilometers; ②The East China drone base has introduced approximately 38 industry chain enterprises covering manufacturing, applications, and other types, with a total planned investment of 3.33 billion yuan; ③ Currently, sinopec shanghai petrochemical has a production capacity of 1500 tons/year of small tow carbon fiber and 6000 tons/year of large tow carbon fiber.
Oil prices fall + production cuts, Saudi Arabia's June oil exports drop to a three-year low.
Due to falling oil prices and production cuts, Saudi Arabia's petroleum export revenue has fallen to its lowest level in three years.
US Total Crude Oil Stocks Decline in Week Ended Aug. 16
Oil Bottoms Out After UK Navy Reports New Attacks in Red Sea
Oil: OPEC+ Set to Postpone the Expansion of Production – Commerzbank
From shareholder returns to expansion! Oil & gas M&A activity in the USA increased by 57% YoY last year.
US energy companies that made a lot of profit during high oil prices accelerated their investment in mergers and acquisitions, exploration, and development last year. However, dividend and share buyback expenditures from oil and gas companies were reduced by half last year.
BofA Predicts Crude Oil Surplus in 2025 on More Supply, Slower Demand Growth -- OPIS
Oil Price Recovery Stalls Amid New Demand Concerns, Commerzbank Says
What Do Softer Fundamentals Mean for the Oil Market?
How will the announcement of free highway tolls for hydrogen-powered vehicles in many places affect?
Industry insiders say that highway tolls account for about one-third of the total cost of hydrogen commercial heavy trucks. Waiving this fee can significantly reduce vehicle operating costs. From January to June this year, a total of 0.4077 million tons of green hydrogen projects have started, and 906 sets of electrolysis tanks will be tendered in succession. At the same time, the export orders of the electrolysis tanks are rapidly increasing, and the domestic and foreign demand is resonating.