Zhi Tong Cai Jing·2025-12-02 06:24Group 1 - COSCO Shipping Energy (中远海能) experienced a significant decline of over 8%, with a current price of HKD 9.92 and a trading volume of HKD 320 million [1] - OPEC+ has agreed to maintain stable production levels for the entire group next year, with eight major oil-producing countries reaffirming a pause in production increases for Q1 of next year [1] - Iraq, UAE, Kazakhstan, and Oman have submitted additional production cut plans to compensate for previous overproduction, committing to a total reduction of 221,000 barrels per day in November [1] Group 2 - The arrangements for production cuts will continue until June 2026, indicating a long-term strategy to stabilize the oil market [1] - Huatai Securities previously noted that the international oil shipping industry is expected to benefit from multiple favorable factors, including the OPEC+ production cycle, increased oil exports from long-distance countries in the Americas, and geopolitical disruptions [1] - The industry is anticipated to maintain a high level of prosperity, with freight rates significantly elevated compared to the 2020-2025 cycle, which is expected to substantially boost the profitability of oil shipping companies [1]