CICP&CC@EC2605A(21002.HK)

Gas partners with Sinopec to layout hydrogen energy and green fuels, prioritizing the use of "Made in Hong Kong" green hydrogen

China Gas and Sinopec Hong Kong, along with New Star Petroleum, signed a memorandum of cooperation to establish a strategic partnership, focusing on clean energy such as hydrogen energy, green methanol, and sustainable aviation fuel. The three parties will jointly promote hydrogen energy projects, build hydrogen refueling stations and related infrastructure, and prioritize the use of locally produced hydrogen to enhance market competitiveness. This cooperation aims to accelerate the application of hydrogen energy in Hong Kong and promote green transportation and hydrogen power generation at construction sites

Oil giants brace for a bruising earnings season — with shareholder returns at risk

A weaker crude price environment has ramped up the pressure on Big Oil’s commitment to allocating cash to shareholders.

Mainland China raises refined oil prices starting from early morning

The National Development and Reform Commission announced that starting from 12:00 on February 4, the prices of gasoline and diesel in the mainland will increase by 205 yuan and 195 yuan per ton, respectively. The average price per liter of National 92 gasoline, 95 gasoline, and 0 diesel will be raised by 0.16 yuan, 0.17 yuan, and 0.17 yuan, respectively. Companies such as PetroChina, Sinopec, and CNOOC must ensure stable production and supply of refined oil, and relevant departments will strengthen market supervision to maintain normal market order

According to a report by ZhuoChuang Information, as of the close on February 2, the reference crude oil change rate for the 10th working day in the domestic market was 4.71%. The retail ceiling prices for gasoline and diesel were raised by 205 yuan and 195 yuan per ton, respectively, with the prices for 92# gasoline, 95# gasoline, and 0# diesel increasing by 0.16 yuan, 0.17 yuan, and 0.17 yuan, respectively. The price adjustment window is set for 24:00 on February 3, and this adjustment will mark the first "double increase" since 2026

OMC stocks rise up to 5% as oil prices decline on cooling US-Iran tensions; Oil India, ONGC fall

OMC stocks rose up to 5% as US-Iran tensions eased, boosting investor sentiment. Brent crude fell 4.8% to $66.02, while WTI crude dropped nearly 5% to $61.98. HPCL, BPCL, and IOC gained, while Oil India fell over 5% and ONGC rose nearly 3%. The easing geopolitical tensions led to profit-taking in the crude oil market, with analysts predicting a bearish trend. The Nifty Oil & Gas index was up more than 1% in morning trading.