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.
中國石油化工股份:海外監管公告 - 中國石油化工股份有限公司2024年第一季度報告
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.
Sinopec Finishes Testing Two Hydrogen Heavy Trucks
China Petroleum & Chemical (SHA:600028, HKG:0386) or Sinopec completed testing two hydrogen new energy trucks, the company said in its press release on its webpage. The two 490,000-ton hydrogen heavy-
Sinopec Acquires 30% of Kazakhstan's Silleno Project
China Petroleum & Chemical (SHA:600028, HKG:0386) or Sinopec acquired 30% of the Silleno project in Kazakhstan, the company said in its press release on its webpage. The project, which relies on ethan
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.
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
Wall Street Is Betting OPEC+ Can Fend Off $100 Oil
The specter of a widening war in the Middle East has put $100-a-barrel oil back on the table. But Wall Street is looking elsewhere in the region for hints about how high prices could go.
Oil price crossroads! Goldman Sachs: How Israel responds will determine the direction of the market
Goldman Sachs believes that the market's outlook for crude oil depends on Israel's next move, which will determine the prospects for oil supply in the Middle East region. Preliminary calculations include a geopolitical risk premium of 5-10 US dollars/barrel.
Traders Await Market Reaction to Middle East Events
Israel's stock market reacted mildly to the weekend's attack by Iran, and cryptocurrencies were regaining some of their losses as the world braced for a broader market reaction at the start of the week.
If the conflict between Iran and Israel escalates, the price of oil may reach 100 US dollars or even higher
Market observers said that oil prices may soar to 100 US dollars or more per barrel. Earlier, Iran launched air strikes against Israel, which once again raised concerns about a regional war.
IEA Expects Global Oil-Demand Growth to Slow Further in 2025
The International Energy Agency cut its forecast for oil-demand growth this year and said the pace of expansion is set to further decelerate in 2025 as the post-pandemic rebound runs its course and the electric-vehicle rollout weighs on consumption.
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