Guotai CSI Oil & Gas Industry ETF(561360.SH)

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Guotai CSI Oil & Gas Industry ETF
561360.SH
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Vitol, Trafigura offer Venezuelan oil to Indian, Chinese refiners for March delivery, sources say

Vitol and Trafigura are negotiating Venezuelan crude oil sales to Indian and Chinese refiners for March delivery. They have agreements with the U.S. government to market stranded Venezuelan oil, allowing exports to resume after a halt due to political changes in Venezuela. Indian refiners like IOC and HPCL are considering purchases, while Trafigura is also in talks with PetroChina. The traders are offering cargoes at a discount to Brent prices and are securing shipping logistics for the sales, with the first cargo expected to load soon.

Reuters·
SH
601857
+1.22%
HK
00857
+0.48%
Reuters·
SH
601857
+1.22%
HK
00857
+0.48%

China’s oil giants Sinopec, CNAF to undergo consolidation, creating energy powerhouse

China's largest oil refiner, Sinopec, and leading jet fuel distributor, CNAF, are set to undergo an asset restructuring approved by the State Council. This move aims to enhance operational efficiency and financial strength among state-owned enterprises. The merger is expected to create a vertically integrated oil powerhouse, especially as China seeks to streamline its industrial capabilities. The consolidation comes amid concerns over crude supply from Venezuela, with the Chinese government pushing for reduced overcapacity in key industries. This restructuring aligns with broader efforts to improve the quality of state assets and boost long-term development.

南华早报·
HK
00386
+0.21%
SH
600028
-0.34%
南华早报·
HK
00386
+0.21%
SH
600028
-0.34%

Beijing Gas Blue Sky Faces Litigation Over Benxi Liaoyou Acquisition

Beijing Gas Blue Sky Holdings Ltd. is currently involved in litigation initiated by Dalian PetroChina Xiuhe Energy Co., Ltd. against multiple parties, including itself, over a 10% equity acquisition in Benxi Liaoyou. The dispute arises from a transaction originally between Shenzhen Xinliao and Liaohe Longyi, with Dalian PetroChina not being a party to the original agreement. The company is addressing the litigation as part of its disclosure obligations.

Reuters·
SH
601857
+1.22%
HK
00857
+0.48%
Reuters·
SH
601857
+1.22%
HK
00857
+0.48%

The Hang Seng Index opened slightly higher, oil stocks declined, CNOOC fell by 1%, and HashKey's debut is at risk of falling below the offering price | Hong Kong stock market opens

The Hang Seng Index opened slightly higher by 8 points this morning, with technology stocks generally stable, while oil stocks fell sharply due to a sudden drop in international oil prices. CNOOC fell by 1.2%, PetroChina fell by 0.4%, and Sinopec fell by 0.23%. HashKey's first day of listing barely held its IPO price

Stheadline·
SH
600028
-0.34%
HK
00386
+0.21%
SH
601857
+1.22%
Stheadline·
SH
600028
-0.34%
HK
00386
+0.21%
SH
601857
+1.22%

Has China completely bid farewell to gas shortages after three consecutive years without a gas crisis?

Northern China has not experienced a gas shortage for three consecutive years, mainly due to the implementation of the natural gas pricing mechanism and the stability of international gas prices. Starting in 2024, the retail price of natural gas can fluctuate in line with wholesale prices, and it is expected to be fully implemented by the end of 2025. Industry insiders believe that the pricing mechanism and the oversupply in the international market will prevent gas shortages in China in the future

Wallstreetcn·
SH
601857
+1.22%
HK
00857
+0.48%
Wallstreetcn·
SH
601857
+1.22%
HK
00857
+0.48%
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