Ge Long Hui·2025-11-13 02:21Group 1 - International oil prices have declined, leading to a collective pullback in Hong Kong oil stocks, with CNOOC Services down 3.2%, China National Offshore Oil Corporation down 2.5%, China Petroleum & Chemical Corporation down 1.3%, and Kunlun Energy down nearly 1% [1] - OPEC has revised its oil market outlook to indicate a surplus, with WTI December crude futures closing down $2.55, a 4.18% drop, at $58.49 per barrel, and Brent January crude futures down $2.45, a 3.76% drop, at $62.71 per barrel [1] - OPEC's latest monthly oil market report shows that in October, the combined daily oil production of OPEC and non-OPEC major oil-producing countries was 43.02 million barrels, a decrease of 73,000 barrels from September [1] Group 2 - The global oil market has shifted from a daily shortfall of 400,000 barrels to a daily surplus of 500,000 barrels, indicating a structural surplus due to unexpected growth in U.S. oil production [1]