Xin Lang Cai Jing·2025-11-24 02:43Core Viewpoint - The Hong Kong oil stocks are experiencing a decline, influenced by falling international crude oil prices and potential impacts from a possible peace agreement between Russia and Ukraine [1] Group 1: Market Performance - Chinese offshore oil companies, including CNOOC, PetroChina, and Sinopec, have seen stock declines of nearly 3%, 2%, and over 1% respectively [1] - The overall trend in the oil market indicates a significant drop, with traders assessing the implications of a potential peace agreement that could increase oil supply [1] Group 2: Oil Price Dynamics - International crude oil prices continued to decline, following the largest weekly drop since early October [1] - The market is closely monitoring three key developments: the feasibility of the peace agreement, the potential easing of sanctions on Russia, and the impact of these developments on an already anticipated oversupply in the market next year [1] Group 3: Production Trends - OPEC+ and other oil-producing countries, particularly in the Americas, have been increasing production, contributing to a bearish outlook for oil prices [1] - The current market conditions suggest that oil prices are likely to end the year lower [1]