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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.
Goldman Sachs: $90 a Barrel Likely Ceiling for Brent Crude
Daan Struyven, Goldman Sachs head of oil research, says that if there are not any new geopolitical tensions, the path of least resistance for oil is to drift lower. He speaks on Bloomberg Television.
Changes in Hong Kong stocks | CNPC (00857) fell more than 3%, leading the decline, and multiple negative losses in oil stocks put pressure on oil prices, and international oil prices plummeted 3%
The trend of petroleum stocks was weak. As of press release, CNPC (00857) fell 2.96% to HK$3.21; CNOOC (00883) fell 1.06% to HK$18.62; and Sinopec (00386) fell 0.44% to HK$4.5.
China Petroleum & Chemical Co., Ltd. (00386.HK) held a board meeting on April 28 to review and approve the first quarter results
Gelonghui, April 17, 丨 China Petroleum & Chemical Co., Ltd. (00386.HK) announced that Sinopec will hold a board meeting on April 28, 2024 (Sunday) to review and (if deemed appropriate) approve matters including Sinopec's results for the first quarter of 2024.
中國石油化工股份:關於召開董事會的通知
[Broker Focus] Dongwu Securities's first “buy” rating to Sinopec (00386) indicates that the company's profitability is remarkable and the operating conditions are improving
Jinwu Financial News | According to Dongwu Securities Research, under international standards, Sinopec (00386) achieved operating income of 3212.4 billion yuan (-3% YoY) and net profit to mother of 58.3 billion yuan (-12% YoY) in 2023. According to the bank, 2023Q4, the company achieved operating income of 742.5 billion yuan (-14% YoY, -15% YoY) and net profit of 4.3 billion yuan (YoY -52%, -76% YoY). In 2023, the company's taxes payable were 40 billion yuan (+41% year over year), mainly affected by increased circulation taxes such as mining rights concession proceeds (7.4 billion yuan) and consumption tax
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