Changes in Hong Kong stocks | Petroleum stocks had the highest gains, and oil prices are expected to remain high. CNOOC and its oil service companies performed well in the first quarter
Petroleum stocks had the highest gains. As of press release, CNOOC (00883) rose 4.76% to HK$20.7; Sinopec (00386) rose 4.28% to HK$4.87; CNPC (00857) rose 2.05% to HK$7.45; and CNOOC Services (02883) rose 1.53% to HK$8.63.
PetroChina Q1 Net Profit Rises - Quick Facts
PetroChina's First-Quarter Net Profit Rose on Higher Sales
Chinese state-controlled oil company PetroChina said its net profit and revenue rose in the first quarter, primarily due to a rise in sales volume for its oil and gas products.
PetroChina 1Q Oil and Gas Output Rose 2.6% on Year to 452.0M Barrels >0857.HK
PetroChina 1Q Oil and Gas Output Rose 2.6% on Year to 452.0M Barrels >0857.HK
PetroChina 1Q Rev CNY812.18B Vs. CNY732.47B >0857.HK
PetroChina 1Q Rev CNY812.18B Vs. CNY732.47B >0857.HK
中國石油股份:二零二四年第一季度報告
Bank of America Securities: Maintaining CNPC's (00386) “Buy” Rating Target Price of HK$5.5
Bank of America Securities expects the management of China Petroleum & Chemical (00386) to implement a new round of share repurchase plans after the shareholders' meeting.
Trending Stocks Today: SUNAC Surges 29.2%
April 29th - Hong Kong stocks trending now:Gainers: $SUNAC(01918.HK)$ soars 29.2% to HK$1.46 with a turnover of HK$1.57 billion. $CHINA VANKE(02202.HK)$ surges 20.19% to HK$5 with a turnover of HK$996
Petroleum stocks generally fell, CNOOC Oilfield Services (02883) fell by 5.02%. Agencies say the price of refined oil products will fall for the second time in the year
Jinwu Financial News | Petroleum stocks generally fell. CNOOC Oilfield Services (02883) fell 5.02%, while CNPC (00857), Yanchang Petroleum International (00346), and Sinopec (00386) fell 2.29%. According to Sino-Singapore Economic News, a new round of price adjustment window for domestic refined oil products will officially open. According to the General Agency, the price of refined oil products will fall for the second time in 2024. During the current pricing cycle, international crude oil prices first fell and then rose. On the supply side, the geographical conflict has gradually abated, but instability still exists. A number of OPEC+ oil producers have stated that they will firmly push for production cuts, and the pattern of tightening supply will continue. Required
China Petroleum & Chemical Corporation announced first-quarter results, net profit attributable to mother of 18.316 billion yuan, a year-on-year decrease of 8.9%
China Petroleum & Chemical Co., Ltd. (00386) announced results for the first quarter of 2024. According to Chinese corporate accounting standards, operating income was 789.967 billion yuan, a decrease of 0.2% year on year; net profit attributable to shareholders of the parent company was 18.316 billion yuan, a decrease of 8.9% year on year; net profit attributable to shareholders of the parent company after deducting non-recurring profit and loss was 18.186 billion yuan, a decrease of 7.8% year on year; and basic earnings per share were 0.153 yuan.
China Petroleum & Chemical Corporation appoints Zhao Dong as company president
China Petroleum & Chemical Co., Ltd. (00386) announced that Mr. Yu Baocai resigned as the company's president due to work, and Mr. Zhao Dong was appointed as the company's president and reassigned as the company's executive directors; Mr. Wan Tao and Mr. Yu Baocai were appointed as senior vice presidents of the company. All of the above matters will take effect on April 28, 2024.
China Petroleum & Chemical Corporation (00386) appoints Zhao Dong as president
Zhitong Finance App News, China Petroleum & Chemical Co., Ltd. (00386) announced that Mr. Yu Baocai resigned as the company's president due to work, and Mr. Zhao Dong was appointed as the company's president and transferred as the company's executive director; Mr. Wan Tao and Mr. Yu Baocai were appointed as senior vice presidents of the company. All of the above matters will take effect on April 28, 2024.
Trending Stocks Today: SENSETIME-W Shoots up 34.93%
April 26th - Hong Kong stocks trending now:Gainers: $SENSETIME-W(00020.HK)$ shoots up 34.93% to HK$1.12 with a turnover of HK$2.93 billion. $GUOLIAN SEC(01456.HK)$ surges 27.11% to HK$3.75 with a turn
中國石油股份:2023年度報告
Oil's Latest Losing Streak Isn't Just About Israel -- Barrons.com
Oil prices fell on Monday, continuing a skid that took prices down 3.5% last week and has left the commodity in the red five out of the past six days.
The supply and demand pattern changed abruptly, and the Asian crude oil market was astonished: heavy crude oil with high sulfur was being chased
With changes in global crude oil supply and favorable refining returns, crude oil with higher sulphur content and density is becoming increasingly popular in the Asian physical market, a situation that rarely changes the usual situation.
Learn Citadel, Commodities “Arms Race”: AI and Big Data
Russell Hardy, CEO of Vitol, said that trading companies mainly use AI in two ways: one is to improve business efficiency, and the other is to gain trading advantages through stronger analytical capabilities.
After keeping an eye on the Middle East for a week, oil prices finally “fluctuated” and returned to a “waiting mode”
Although oil prices have never surpassed the high before Iran attacked Israel last weekend, the volume of bullish Brent crude oil options soared to a record high. Brent crude oil futures fluctuated the most in a few months, leaving traders in almost the same situation as a week ago during the weekend, waiting for the next steps of Israel and Iran.
Oil Markets React to Reports of Israeli Attack on Iran
Oil pared an earlier jump, after Iranian media appeared to downplay alleged retaliatory strikes from Israel reported by US officials. Brent crude traded about 2% higher after earlier soaring above $90 a barrel over potential concerns for a wider regional conflict. Bloomberg's Stephen Stapczynski reports.
Oil Prices on Track to Fall for Fourth Straight Day as Demand Disappoints
Crude-oil prices continued to soften for a fourth straight day Thursday, with futures falling to their lowest level in three weeks.
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