OPEC+ plans to continue increasing crude oil production quotas, but geopolitical conflicts hinder the implementation of production increases.

This round of production increase remains a policy on paper, with actual implementation facing practical obstacles.

Zhitong FinanceMay 14 20:37

Trump rejects Iran's ceasefire conditions, escalating sovereignty disputes over the Strait of Hormuz and causing continued volatility in global energy markets.

U.S. President Trump rejected the latest ceasefire terms proposed by Iran, calling them "completely unacceptable," while Iranian officials emphasized they would "never back down," deepening the deadlock of the ten-week-long war in the Middle East.

Zhitong FinanceMay 11 22:31

Express News | Iran claims two missiles hit U.S. warships, causing a sharp drop in U.S. stock futures and a sudden rise in international crude oil prices.

BreakingsMay 4 18:05

Shanghai Petrochemical Co., Ltd. (00338.HK) will release its financial report on April 29.

Shanghai Petrochemical Co., Ltd. (00338.HK) will release its financial report on April 29. Investors are advised to stay tuned. What about the previous performance? The company reported operating revenue of 19.521 billion yuan and a net profit of -89.839 million yuan for Q1 2025. Niuniu reminds: 1. There is no mandatory regulation regarding the division of accounting years for companies listed in Hong Kong or the United States; it is entirely determined by the enterprises themselves. Therefore, each financial reporting period can serve as the end date of the annual report without being tied to the calendar year as the fiscal year. 2. Generally speaking, the company will hold an earnings conference call on or around the aforementioned financial report release date, during which the management team will be present.

Futu NewsMay 2 03:45

Sinopec Shanghai Petrochemical (600688): Geopolitical conflicts in the first quarter of 2026 drove up prices of refining and chemical products.

Performance Review: 1Q26 results met our expectations. The company announced its 1Q26 performance: operating revenue of 17.662 billion yuan, a year-on-year decrease of 9.52%; net profit attributable to shareholders of 415 million yuan, reversing the year-on-year loss, and non-recurring net profit of 424 million yuan.

CICCMay 1 18:12

Sinopec Shanghai Petrochemical Returns to Profitability in Q1 2026

MT NewswiresApr 30 14:03