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Saudi Arabia plans to start resuming part of international oil supply in October in response to falling international oil prices
Oil prices extended their decline as outsiders worried about the outlook for demand and strong supply.
Hong Kong Stock Concept Tracking | OPEC+ agreed to extend collective production cuts until the end of 2025! Crude oil supply and demand may continue to be tight (with concept stocks)
On June 2, OPEC+ officially agreed to extend the “voluntary production reduction measures” until the end of 2024 and the “collective production reduction measures” until the end of 2025.
Beishui Trends | Beishui Transactions made a net purchase of 99.05 billion yuan in domestic capital to grab Tencent (00700) to raise more than 1.8 billion yuan and once again increase positions in high-dividend state-owned enterprises
On May 31, in the Hong Kong stock market, Beishui had a net purchase of HK$99.05 billion, of which Hong Kong Stock Connect (Shanghai) had a net purchase of HK$6.675 billion and Hong Kong Stock Connect (Shenzhen) had a net purchase of HK$3,331 billion.
[Broker Focus] Dongwu Securities first gave Kunlun Energy (00135) a “buy” rating indicating that its leading position in urban combustion is stable and gas supply is stable
Jinwu Financial News | According to Dongwu Securities Research, the business of Kunlun Energy (00135) is distributed in 31 provinces, autonomous regions, and municipalities directly under the Central Government in China, and is one of the largest domestic gas terminal utilization and LPG sales companies. The State Assets Administration Commission is the actual controller of the company. As of the end of 2023, CNPC Hong Kong Limited (a wholly-owned subsidiary of CNPC) held 54.38% of the company's shares. The shareholder background guarantees the steady development of the company and leverages its advantages in resource allocation. According to the bank, in 2018-2023, the company's retail sales increased by 16.0% in five years, far higher than that of the whole country (7.1%). By user class
PetroChina Well Placed to Post Record Profit This Year -- Market Talk
0351 GMT - PetroChina is well placed to post record net profit this year, OCBC Investment Research team writes in a note.PetroChina's 1Q net profit beat expectations, and the Chinese oil major has als
PetroChina Fair Value Estimate Raised to HK$9.36 From HK$8.00 by OCBC Research >0857.HK
PetroChina Fair Value Estimate Raised to HK$9.36 From HK$8.00 by OCBC Research >0857.HK
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