Changes in Hong Kong stocks | Oil stocks collectively fall, OPEC lowers oil demand expectations, and it is rumored that Israel will avoid attacking Iran's crude oil facilities

Zhitongcaijing · 10/15 01:41

The Zhitong Finance App learned that petroleum stocks fell collectively. As of press release, CNPC (00857) fell 3.43% to HK$6.19; CNOOC (00883) fell 2.73% to HK$19.6; and Sinopec (00386) fell 0.61% to HK$4.85.

According to the news, international oil prices closed down more than 2% overnight, and at one point they all fell by more than 5% in the intraday period. For the third month in a row, OPEC lowered its forecast for the growth of global oil demand. OPEC expects global crude oil demand to grow at 1.93 million b/d in 2024, compared to 2.03 million b/d; global crude oil demand is expected to grow at 1.64 million b/d in 2025, compared with the previous forecast of 1.74 million b/d. Furthermore, there are reports that Israel may avoid attacking Iran's crude oil infrastructure, which allays concerns about the tense situation in the Middle East.