00883 CNOOC
- 19.320
- -0.220-1.13%
CNOOC News
[Crude oil market closing] Inflation data strengthens expectations for the Fed to cut interest rates. The Canadian wildfires caused a supply crisis, and the rebound in oil prices responded
The market balance is bullish with the US economy and crude oil storage data and the International Energy Agency's forecast of a weak global economy, leading to an increase in oil demand. Meanwhile, a fire broke out in the major Canadian oil town, causing the market to worry about crude oil supply. Oil prices rose nearly 1% from a two-month low on the previous trading day.
Energy consulting firm Rystad Energy: Gasoline demand will reach a new high since 2019 this summer
Energy consulting firm Rystad Energy said that despite recent signs of market weakness, global demand for gasoline will remain strong this summer, and consumption is expected to reach the highest level before the pandemic.
The IEA lowered its 2024 oil demand growth forecast to only half of what OPEC expected!
The International Energy Agency (IEA) lowered its forecast for oil demand growth in 2024 on Wednesday (May 14), further widening the agency's differences of opinion with the Organization of Petroleum Exporting Countries OPEC (OPEC) on the outlook for global oil demand this year.
The IEA “sings the opposite” with most of its peers: global oil demand growth is expected to continue to weaken!
The Paris-based International Energy Agency (IEA) released its latest monthly crude oil market report on Wednesday. The agency said that due to the economic slowdown and mild European weather, the outlook for global oil demand growth continues to weaken this year.
Express News | China's first offshore multi-layer heavy oil thermal oil field officially drilled
Business Association: Crude oil fell during the cycle, retail prices of domestic refined oil products fell “two consecutive declines”
The price adjustment window for this round of domestic refined oil products will open at 24:00 on May 15, and the retail price of refined oil products will soon be lowered. In 2024, the retail price of refined oil products has gone through five increases and two drops, and the crude oil market declined during the cycle, and the negative rate of change increased. The retail price adjustment for refined oil products will be lowered for the third time in 2024.
Futu Morning Post | NASDAQ hits a new closing high, WSB concept stocks are booming; Powell: The Federal Reserve needs to “wait patiently”
All of the Qiaoshui and Gao Lin position reports were released; Ali fell more than 6%, and adjusted net profit fell 11% year over year; Google launched a new version of the search engine with generative AI functions.
Express News | CICC: In the medium to long term, the opportunities outweigh the risks in the medium to long term, and may still be dominated by structural opportunities in the short term
OPEC+ opens rip mode, and “old scars” are once again unraveled
OPEC+ reopens the dispute, and discussions about the oil production capacity of its products OPEC+ once again faced a difficult problem: how much oil can actually be absorbed by its products. This issue poses a risk to the organization's efforts to stabilize the world market.
Express News | OPEC maintains global oil demand forecast for this year and next
OPEC+ is arguing again! “Old scars” have been revealed again
On Tuesday, according to foreign media reports, OPEC+ reopened a heated debate on the ability of member states to produce oil, raising concerns about the further breakdown of unity in the alliance. The US and Burma have plummeted in the intraday market when they heard the news, and have now largely recovered all of the declines caused by the news.
Zhitong Hong Kong Stock Connect Active Trading | May 14
On May 14, 2024, Tencent Holdings (00700.HK), CNOOC (00883.HK), and ICBC (01398.HK) ranked in the top 3 of Shanghai-Hong Kong Stock Connect (southbound) turnover, with turnover of 1,979 billion yuan, 1,965 billion yuan, and 1,173 billion yuan respectively; Tencent Holdings (00700.HK), Xiaomi Group-W (01810.HK), and Meituan-W (03690.HK) ranked in the top 3 transactions of Shenzhen-Hong Kong Stock Connect (Southbound) The turnover was $1,921 billion, $1,108 billion, 9.33 million
Express News | Southbound Capital had a net sale of HK$115 million today
Oil market alert! Demand for diesel is weak, and refineries cut production
The profit from diesel production at Asian refineries is close to the lowest level in a year. This has prompted refineries to reduce the amount of crude oil they process.
Major Bank Ratings | CCB International: Raising CNOOC and CNPC Target Prices and Lowering Sinopec Ratings to “Neutral”
Glonghui, May 14 | CCB International released a report saying that oil prices have been adjusted recently, but oil stocks have performed well. The stock prices of large oil stocks listed in Hong Kong rose by an average of 6% in April. Sinopec saw the biggest increase, with CNOOC and CNPC rising by 6% and 3%, respectively. According to the report, the outlook for crude oil prices is optimistic. It is still optimistic about the recovery in global demand, and it is expected that supply risks will continue. The bank predicts that the price of Brandt crude oil will rise 7%, 2%, and 2% from 2024 to 2026 to $88, $90 and $92 per barrel, respectively. The forecast was 6%, 13%, and 15% higher than the market forecast, respectively. Compared to last October
Cnooc Likely to Record Strong Earnings for Next Two Years -- Market Talk
0127 GMT - Cnooc will likely record strong earnings for the next two years, CCB International analyst Helen Lau writes in a research note. Cnooc reported the strongest growth in revenue and net profit
Zhitong Hong Kong Stock Connect Active Trading | May 13
On May 13, 2024, Yao Ming Biotech (02269.HK), CNOOC (00883.HK), and Tencent Holdings (00700.HK) ranked in the top 3 of Shanghai-Hong Kong Stock Connect (southbound) turnover, with turnover values of RMB 2,052 billion, RMB 1,959 billion, and RMB 1,888 billion respectively; Yingfu Fund (02800.HK), Pharmaceutical Biotech (02269.HK), and Tencent Holdings (00700.HK) ranked in the top 3 trading volume of Shenzhen-Hong Kong Stock Connect (Southbound) $1,814 million and 13.26, respectively 100 million yuan, 13.16 billion
Express News | Southbound Capital made a significant net purchase of 8.807 billion yuan today. On the Hong Kong Stock Connect (Shanghai) side, Yingfu Fund and ICBC received net purchases of HK$1,051 million and HK$732 million respectively; CNOOC had the highest net sale
Shale oil giants are accused of manipulating oil prices! The US energy industry faces a series of class-action lawsuits
① The US shale oil industry is currently facing a series of lawsuits, accusing some of the biggest companies in the industry of colluding to limit production and maliciously raising oil prices; ② According to reports, companies such as ExxonMobil, Occidental Petroleum, and Diamondback Energy have been named in at least 10 class action lawsuits.
Futu Morning Post | Wall Street's “Most Promising Prophet” Suggests: Buy Stocks Before the CPI Report Is Released
Jinglin Asset's US stock holdings revealed: Q1 drastically reduced its holdings in Pinduoduo and opened positions with Ali and JD; “New Federal Reserve News Agency”: High housing costs undermined the FED's interest rate cut plan.
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