BK1342 Hydrogen Energy
- 1167.515
- -10.466-0.89%
OPEC+ is holding a conference this weekend, I guess you still can't understand it
OPEC+'s measures to cut production are a hodgepodge. They have gone out of their way to confine themselves. The 100 yuan oil price target is yellow?
UBS: Buy gold below 2,300 at will, and increase your position on copper when it falls
UBS pointed out that there is still room for gold, crude oil and copper to rise, and commodity gains are unabated.
The oil market has entered the “OPEC+ model”! Will there be another benefit on Sunday?
The trend of oil prices for the rest of the year is likely to depend on the OPEC+ meeting to be held this Sunday.
Hong Kong Stock Afternoon Review | The three major indices strengthened slightly. Internet medical stocks and petroleum stocks improved. Ali Health rose nearly 13%, and CNPC rose more than 3%
Many TechNet stocks rose; Tencent rose nearly 2%, Baidu and NetEase rose more than 1%; Apple concept stocks rose one after another, and BYD Electronics and Gaowei Electronics rose more than 3%.
Goldman Sachs: It will take at least ten years for global oil demand to peak!
Goldman Sachs believes that global oil demand will continue to grow until 2034, and emerging Asian markets such as China and India are major contributors.
While the US market was closed, the price of gold and silver rebounded strongly, and crude oil rebounded for two consecutive days
The peak travel season in the US and the OPEC+ policy meeting began, and two major catalysts for oil prices followed one after another. On Monday, oil prices rebounded at an accelerated pace, with an intraday increase of 1.3%. Meanwhile, the easing of inflation expectations, the possibility that the Federal Reserve will cut interest rates before the end of the year, and the central bank's continued strong demand for gold are all factors supporting the long-term bullish trend of gold. Wall Street is increasingly optimistic that the rise in gold and silver is not over. Gold prices rebounded this Monday, rising more than 1%.
A quick look at the Hong Kong market | The three major indices rose sharply, and the tech index rose nearly 2%; semiconductor stocks and oil and gas stocks were popular; Huahong Semiconductor rose more than 11%, and CNOOC rose more than 4%
The trend of TechNet shares was divided. Bilibili rose nearly 6%, NetEase fell nearly 2%; gold stocks strengthened, Lingbao Gold rose nearly 6%, and Zhaojin Mining rose more than 5%.
“Laying the groundwork” for internal conflicts? UAE may reach production capacity target one year ahead of schedule
The UAE is definitely not doing this to increase idle production capacity; a new round of internal conflict between OPEC+ is probably on the way!
The peak travel season in the US has begun, and two major catalysts for oil prices have followed
With the beginning of the peak driving season in the US, the number of people flying this long weekend is probably the highest in nearly 20 years, and demand for crude oil is expected to pick up.
The “god of crude oil trading” abandons oil and switches to copper! I am convinced that the copper market is far from over
Anduran's fund has risen 83% this year, and earnings come from a wide range of commodities.
What signal? Will the major OPEC+ conference be reversed online, and production reduction measures will continue until the second half of the year?
Analysts believe that the policy implications of this decision are obvious, that is, the 2 million b/d production reduction measure will be extended until the second half of this year. After the announcement, the drop in oil prices widened.
Russia will also cut production on a compensatory basis! Citi: OPEC+ is unlikely to deepen production cuts
Russia's crude oil production in April exceeded the quota due to technical reasons. Citi believes that further OPEC+ production cuts are unlikely, and oil prices are expected to fall in the second half of the year.
A quick look at the Hong Kong market | The three major indices fluctuated and closed higher. Non-ferrous metals stocks rose across the board, China Gold International rose nearly 8%, and China Silver Group soared more than 54%
Auto stocks rose one after another. Xiaopeng Motor rose more than 7%, Zero Sports Auto rose nearly 7%; coal stocks rose one after another; Yancoal Australia rose nearly 6%, and China Coal Energy rose nearly 4%.
The Iran plane crash didn't spoil the oil market? Industry warns OPEC+ inventory will calm fluctuations
① The unexpected “steadiness” of the oil market on Monday was very different from the performance of the precious metals market, which soared due to news of the Iranian President's helicopter crash; ② On the other hand, Saudi Crown Prince postponed his visit to Japan due to Saudi King Salman's physical factors, and both major oil producers faced significant political risks; ③ Some analysts pointed out that the influence of geopolitics on the oil market has become inelastic, which is related to OPEC+'s large inventories.
Another uncertainty in the oil market: the Saudi king is sick, and the crown prince cancels his trip to Japan
Will the Saudi king's health issues affect the coherence of the country's oil policy?
Hedge fund bulls left the oil market and sold at the fastest speed in over a year!
As geopolitical risk premiums weakened and the market showed signs of sufficient supply, fund managers' long crude oil positions fell the fastest since March 2023 last week.
The trigger for the decline in the oil market? Diesel weakness has become a new focus!
Energy economists say the weakness of diesel is becoming more structural due to the increasing role of renewable diesel.
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.