Changes in Hong Kong stocks | The rise in petroleum stocks at the end of the session further expanded, and the situation in the Middle East heats up rapidly. Shanghai crude oil has turned a positive premium over Brent

The Zhitong Finance App learned that petroleum stocks rose further at the end of the session. As of press release, CNOOC Oilfield Services (02883) rose 6.20% to HK$7.62; CNOOC (00883) rose 4.10% to HK$25.9; CNPC (00857) rose 3.71% to HK$10.33; and Sinopec (00386) rose 3.60% to HK$4.895.

According to the news, in addition to the situation in the US and Iran, the situation in Saudi Arabia and Yemen has also been rapidly heating up recently. Yemeni Houthi spokesman Yahya Sareya said that the Houthis will soon announce “extensive military operations deep within Saudi Arabia.” The Saudi Ministry of Energy said that Yemen's Houthis launched a series of attacks against Saudi Arabia on the 8th, injuring 73 civilians, including women and children, and causing fires at various energy facilities and utilities in the southern region of the country. Operation of some facilities was temporarily suspended.

It is worth noting that since September, the price of crude oil futures in Shanghai has exceeded 100 US dollars/barrel, and the price difference with Brent crude oil has narrowed sharply from the lowest price of -20 US dollars in April and turned into a positive premium, indicating that the procurement behavior of Chinese refineries has changed from “watching and shrinking” to “actively grabbing goods.” According to reports, as the world's largest importer of crude oil, China is actively snapping up alternative sources in markets such as Africa, Canada, and Latin America.