Understanding the Market | COSCO SHIPPING Energy is down over 5%, the oil transportation market is mixed, OPEC+ pauses production increase for the first quarter of next year

Zhitong
2025.11.04 07:24
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COSCO SHIPPING Energy is currently down over 5%, as of the time of writing, down 5.43%, reported at HKD 10.45, with a transaction volume of HKD 453 million. On the news front, the oil transportation market is currently mixed. Due to increasing concerns about oversupply, OPEC+ has agreed to slightly increase oil production in December and suspend production increases for the first quarter of next year. It is reported that crude oil transportation benefits from the OPEC+ production increase cycle. Additionally, analysts point out that the suspension of the 301 measures will effectively slow down the risk of continued reduction in effective capacity for crude oil dry bulk. Cathay Securities stated that the U.S. has once again intensified sanctions against Russia, with VLCC TCE surging to over USD 120,000 high. In Q3 2025, international crude oil transportation profits for shipping companies are expected to show significant year-on-year growth, in line with freight rate trends, and the three domestic tanker companies continue to outperform the industry freight rate index. It is expected that tanker profits in Q4 2025 and for the entire year will reach a ten-year high. We are optimistic about the supply and demand for oil transportation continuing to improve in 2026, and the oil transportation sector is expected to usher in a super bull market

According to Zhitong Finance APP, COSCO SHIPPING Energy (01138) is currently down over 5%, with a decline of 5.43% as of the time of writing, priced at HKD 10.45, with a transaction volume of HKD 453 million.

In terms of news, the oil transportation market has recently been mixed. Due to growing concerns about oversupply, OPEC+ has agreed to slightly increase oil production in December and suspend production increases for the first quarter of next year. It is reported that crude oil transportation benefits from the OPEC+ production increase cycle. Additionally, analysts point out that the suspension of the 301 measures will effectively mitigate the risk of continued reduction in effective capacity for crude oil transportation.

Cathay Securities stated that the U.S. has once again intensified sanctions against Russia, with VLCC TCE surging to over USD 120,000. In Q3 2025, international crude oil transportation profits for oil transportation companies are expected to show significant year-on-year growth, in line with freight rate trends, and three domestic tanker companies continue to outperform the industry freight rate index. It is expected that tanker profits in Q4 2025 and for the entire year will reach a ten-year high. We are optimistic about the continued improvement in supply and demand for oil transportation in 2026, and the oil transportation sector is expected to usher in a super bull market

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