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22.08.25 - 11:09
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Earnings Of China′s Refining Giant Sinopec Plunge Amid Low Oil Prices, Weaker Fuel Demand (ZeroHedge)
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Earnings Of China's Refining Giant Sinopec Plunge Amid Low Oil Prices, Weaker Fuel Demand
By Charles Kennedy of OilPrice.com
The largest Chinese and Asian refiner Sinopec reported on Thursday a 36% decline in its first-half profit on the back of lower oil prices and refining margins and weakening domestic fuel demand.
China Petroleum & Chemical Corporation, or Sinopec, as it is more commonly known, booked a profit attributable to shareholders of $3.3 billion (23.75 billion Chinese yuan) for the period January to June 2025, down by 35.9% from the same period last year.
“Dragged by various factors such as the declining international crude oil prices combined with weak chemical margins, the Company's profitability for the first half significantly decreased year on year,” Sinopec's chairman Hou Qijun said in a statement accompanying the first-half results.
Sinopec estimates that while China's natural gas demand rose by 2.1% year-over-year in January to June, domestic consumption of refined...
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22.08.25 - 07:24
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China discovers 2 major shale gas fields as energy security drive pays off (SCMP)
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China has discovered deep shale gas reserves in two major gas fields in the southwest, each holding more than 100 billion cubic metres (bcm) of proven reserves, as the country continues its push for greater energy security.
The state-owned China Petroleum and Chemical Corp (Sinopec) said late Thursday that the government had certified 165 bcm of natural gas reserves at the Hongxing field, which spans Hubei province and Chongqing municipality.
“It proves the Hongxing region's strong resource......
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22.08.25 - 05:30
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Research: M Stanley Lists Latest HK Focus List (Table) (AAStocks)
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StockAlibaba Group Holding (BABA.US)CHINA RES POWER (00836.HK)YANGTZE POWER (600900.SH)CATL (300750.SZ)* DUALITYBIO-B (09606.HK)ESPRESSIF (688018.SH)HKT-SS (06823.HK)HKEX (00388.HK)NARI (600406.SH)PETROCHINA (00857.HK)PICC P&C (02328.HK)SPRING AIRLINES (601021.SH)SUNNY OPTICAL (02382.HK)TENCENT (00700.HK)ZIJIN MINING (02899.......
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22.08.25 - 03:15
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Large Shale Gas Field Emerges in CN with Reserves of 165B Cubic Meters (AAStocks)
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Sinopec announced that the Hongxing Shale Gas Field, located at the border of Hubei and Chongqing, has proven shale gas reserves of 165.025 billion cubic meters. This has successfully passed the verification by the Ministry of Natural Resources, marking the official emergence of another large shale gas field in mainland China.~A......
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20.08.25 - 21:42
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Nabors Surges on $600 Million Sale of Drill Pipe Rental Unit (Bloomberg)
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Shares of Nabors Industries Ltd., one of the world's biggest suppliers of land drilling rigs, jumped by the most in more than five months after announcing it was selling its drill pipe rental business Quail Tools, LLC to Superior Energy Services, Inc. for $600 million plus adjustments....
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19.08.25 - 16:42
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Heiko Thieme: "United Healthcare ist ein Winner - jetzt kaufen!" - Intel, Palantir, Wienerberger und Schlumberger (BRN)
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Heiko Thieme analysiert in dieser Episode die geopolitische Lage rund um das Treffen zwischen Donald Trump und Wladimir Putin in Anchorage. Die unklaren Signale von dort und aus Washington bewertet er nüchtern: Man muss global denken lernen, um klug zu handeln. Im Fokus stehen die Spannungen zwischen den USA und Russland sowie die Rolle der Ukraine. Thieme betont, dass diplomatische Bilder und Worte eine enorme Signalwirkung für die Märkte haben. Auch die Geldpolitik bleibt entscheidend: Er erwartet weitere Zinssenkungen noch in diesem Jahr. Bei den Aktien setzt Thieme klare Akzente: United Healthcare ist ein Winner jetzt kaufen. Softbank habe mit dem Einstieg bei Intel einen sehr guten Schachzug gemacht. Schlumberger sei der Blue Chip Wert schlechthin! 80 % vom Hoch, kann man fast blind kaufen. Palantir bewertet er trotz einer derzeit laufenden Shortattacke als Chance: Clever nutzen mit einem Hebel. Wienerberger bezeichnet er als echte Friedensaktie.
Sie hören die gek?...
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