No Data
Yangtze Securities: Is it still worth allocating PetroChina, Sinopec, and CNOOC in the face of 'Trump trade' or US recession?
Many environmental factors have changed, leading to potential differences in the crude oil industry in Trump's next term compared to the previous one.
Poor economy drags down the market and soaring risk aversion pressures oil prices to plummet.
This week (8.1-8.7), crude oil product overall showed a trend of falling first and then rising. The average price of WTI this week was $74.24 per barrel, a decrease of $2.54 per barrel or -3.31% from the previous week.
Production cuts affect oil giant! Saudi Aramco earned a net profit of $290 in Q2 and is still bullish about the outlook for oil demand.
On August 6th local time, Saudi Aramco released financial report showing that the company's net income in the second quarter was $29.07 billion, a 3.4% year-on-year decrease; its net income in the first half of the year was $56.342 billion, earning an average of about $2.2 billion per day.
Crude Oil Prices Trending Down – NAB Group
Oil Prices Fall on Demand Concerns as U.S. Data Points to Slowing Economy
WTI Falls to Near $73.00 Despite Rising Supply Risks Due to Middle East Tensions
