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Petro-king Wins Unanimous Shareholder Backing at 2026 AGM
Petro-king Oilfield Services Unit Ordered to Pay 16.6 Million Yuan in Service Fees Dispute
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.
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.
Hong Kong Stock Market Movements | Oil and Gas Stocks Generally Declined in Early Trading as Trump Reiterated Optimism on U.S.-Iran Agreement; International Oil Prices Plunged Sharply
Oil and gas stocks generally declined in early trading. As of press time, Shandong Molong (00568) fell by 5.93% to HKD 7.61; Baqi Oil Services (02178) dropped by 5.37% to HKD 0.194; China Oilfield Services (02883) declined by 4.46% to HKD 8.79; Sinopec Oilfield Services (01033) decreased by 2.6% to HKD 0.75.
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.