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Sinopec's Q1 revenue decreased by 6.9% year-on-year, while net profit attributable to shareholders plummeted by 27.6% | Earnings Reports Insights.

Under the dual pressure of falling international oil prices and weak downstream demand, the profitability of the group's refining Sector has significantly narrowed, and the chemical Sector recorded a loss of 1.321 billion yuan in Q1. Exploration and development remain Sinopec's "ballast", achieving an EBITDA of 13.631 billion yuan, but this profit has also declined compared to the past few quarters.

wallstreetcnApr 28 08:08 ET

Asia-Pacific Markets Set to Open Lower After Trump's Attack on Fed Chair Sends Wall Street Tumbling

CNBCApr 21 20:02 ET

The US dollar plummets, Emerging Markets make a strong comeback: the Thai baht and Jilin soar, and the Indian stock market rises for five consecutive days!

After recording the largest weekly increase in six weeks last week, the Emerging Markets Currency Index continued to rise this Monday, with the Thai Baht and Malaysian Ringgit showing strong performance, both increasing by 1% in a single day. Over the past month, the Thai Baht has appreciated by a cumulative 3.2% against the US dollar, marking a significant upward trend. The five-day increase of the India Nifty 50 Index (5.99%) has set the highest record since February 2021.

wallstreetcnApr 21 08:49 ET

Vakhshouri: OPEC+ Is More a Risk Management Alliance

Moomoo NewsApr 17 01:10 ET

Can Saudi Arabia withstand the plummeting oil prices? Goldman Sachs predicts that the fiscal deficit may soar to 75 billion dollars.

The significant drop in oil prices may put the oil-rich country of Saudi Arabia at risk of a serious fiscal deficit. The International Monetary Fund estimates that Saudi Arabia needs a crude oil price of $90 per barrel to achieve fiscal balance, while Goldman Sachs recently warned that if oil prices remain at the current low level of around $62 per barrel, the fiscal deficit in Saudi Arabia could double to $75 billion.

wallstreetcnApr 10 09:21 ET

The increasing expectation of recession has led to USA Crude Oil Product prices falling below 60 dollars, causing a setback in the rebound of Petroleum stocks in the Hong Kong stock market, resulting in a collective decline.

① Expectations of a recession heighten as USA Crude Oil Product prices fall below $60, how does the market view this? ② The rebound of Hong Kong Petroleum stocks is hindered and collectively declines, what is the indicative significance for the market?

cls.cnApr 9 03:43 ET

"The 'Black Waterfall' has just begun? The oil market's volume has broken the pandemic record, and Goldman Sachs has shockingly revealed the '40 dollar doomsday scenario.'

① After experiencing a series of epic "volume" crashes in international oil prices for several consecutive days, Goldman Sachs lowered its oil price forecast for the second time in just one week on Monday; ② The latest statement from the Institutions indicated that with the intensification of the trade war and an increase in supply, under "extreme" circumstances, the price of Brent Crude Oil Product could fall below $40 per barrel.

cls.cnApr 8 04:14 ET

Trump wants oil prices to fall below $50. Is the market ready for this?

Currently, oil prices have fallen below the level required to maintain healthy investment in the US Shale Oil Industry. If low oil prices persist, US oil production "will immediately begin to decline, and the extent may be quite large." Industry executives warn that it is impossible to achieve US Energy dominance while maintaining an oil price of $50 per barrel.

wallstreetcnApr 7 06:21 ET

Express News | STI plunges 8.5%: Biggest drop since 2008 crisis; Banks and shipyards hit hard>>

Moomoo 24/7Apr 7 02:24 ET

Investment banking fees up 18% to $257.5m in Q1 on DCM, M&A fees doubling

Singapore Business ReviewApr 6 22:40 ET

Express News | STI surged to a historical high in early trading on Friday, briefly breaking the 4000-point mark.

Moomoo 24/7Mar 27 22:10 ET

Express News | STI surged to an all-time high in early trading on Thursday, reaching 3,990.36 points, up over 0.67%.

Moomoo 24/7Mar 26 23:13 ET

Trump claims he will impose "secondary tariffs" targeting buyers of Venezuelan oil.

① Trump announced that the USA will impose "secondary sanctions" on Venezuela, and any country purchasing oil or Henry Hub Natural Gas from Venezuela will be forced to pay a 25% tariff to the USA; ② The USA is one of the destinations for Venezuela's energy, with Venezuela's Crude Oil Product export volume in 2024 estimated at approximately 0.66 million barrels per day, of which the USA's import volume is around 0.233 million barrels per day.

cls.cnMar 24 13:12 ET

Trump once again pressures Iran through the Houthis' attacks, causing a short-term spike in international oil prices.

① The President of the USA, Trump, stated that any further attacks or reprisals by the Houthi armed group will be met with strong retaliation, and the USA will also hold Iran accountable for any future attacks by the Houthi armed group; ② As a result of this news, international oil prices surged in the short term, and Trump has reimposed "maximum pressure" on Iran, aiming to reduce Iran's oil exports.

cls.cnMar 17 13:04 ET

IEA monthly report: Trade conflicts weaken oil demand, while OPEC+ increases supply.

The IEA stated that this year, Global oil supply could exceed demand by about 0.6 million barrels per day, and last week's OPEC+ decision to start increasing oil supply might add another surplus of 0.4 million barrels per day. The IEA has lowered its forecast for Global oil demand growth in 2025 to 1.03 million barrels per day and warned that trade conflicts could further worsen the market outlook.

wallstreetcnMar 13 09:41 ET

International oil prices have plummeted to a three-year low! Read this article to understand what exactly has happened in the oil market.

① Last week, the international benchmark Brent Crude Oil Product Futures price suddenly broke a months-long silence, reaching its lowest point in three years. ② Currently, many oil price traders are grappling with the question: what exactly happened in the international oil market? Will this round of plunge deepen further?

cls.cnMar 9 22:41 ET

Are Global Henry Hub Natural Gas prices about to rise? A significant increase in import volume is anticipated for Europe's summer procurement.

① Europe is experiencing a cold wave this year, coupled with the cessation of Henry Hub Natural Gas transit through Ukraine, leading to a drop in the region's natural gas inventory to 37%, far below the 60% of the previous two years; ② It is estimated that Europe needs to import an additional 250 batches of liquefied natural gas to replenish inventories to 90% before November; ③ On the other hand, the International Energy Agency warns that the liquefied natural gas market will continue to be tight this year, which will strongly support natural gas prices.

cls.cnMar 7 03:36 ET

Oil Prices Hit Multi-Year Lows As OPEC+ Production, Tariffs Weigh On Market

BenzingaMar 6 10:44 ET

Trump's pressure was effective, OPEC+ unexpectedly decided to start increasing oil supply, leading to a sharp decline in oil prices.

OPEC+, led by Saudi Arabia and Russia, will increase daily production by 0.138 million barrels in April. This is the first step in a gradual increase plan spanning several months, aimed at gradually restoring Crude Oil Product output. OPEC+ issued a statement confirming the decision to start increasing oil supply, and OPEC+ may decide to suspend or reverse this decision based on market conditions.

wallstreetcnMar 3 14:12 ET

US Morning News Call | Stock Futures Advance with Nvidia Earnings on the Horizon, Amid Hopes for AI Rally

Moomoo Breakfast USFeb 26 07:32 ET