Group 1 - The U.S. President Trump has shortened the deadline for Russia and Ukraine to reach a ceasefire agreement by 50 days, expressing disappointment over Putin's continuation of the war [1] - Trump has threatened severe economic sanctions against Russia if it does not end hostilities with Ukraine, which has heightened the urgency for sanctions as Russia continues its attacks on Ukrainian cities [1] - The market is reacting sensitively to these developments, with concerns over potential chain reactions from sanctions, including energy price volatility, trade disruptions, and increased geopolitical risks [1] Group 2 - Russia, as a significant global energy exporter, has its situation impacting the energy market notably, with WTI crude oil rising by 2.06% to $66.50 per barrel and Brent crude oil increasing by 2.01% to $68.47 per barrel [1] - The Russian Finance Ministry has reported that due to weak oil export prices, Russia's oil and gas revenue is expected to lose 4.47 trillion rubles by 2025, highlighting the uncertainty in the energy market and Russia's economic dependence on energy exports [1] - The International Monetary Fund (IMF) projects a global economic growth rate of 3.2% for 2025, but warns that trade tensions could overshadow this outlook, influenced by Trump's sanctions policy and trade agreements between the U.S. and EU [2] - The EU has reached a trade agreement with the U.S. imposing a 15% tariff on EU goods exported to the U.S., while the U.S. plans to impose tariffs on goods from Mexico and other countries, increasing global market uncertainty [2]

特朗普政府可能出台关税的消息令市场保持不确定性，尤其是即将到来的8月1日关税期限。这一事件被 Mizuho分析师形容为"可能会摧毁需求的重大事件"。与此同时，HTFX外汇认为，市场情绪的悲观预期 加剧了这一趋势，投资者在贸易紧张局势和全球经济前景的不确定性中感到焦虑。 欧盟正在探讨可能的反制措施，而美国总统特朗普也在上周二宣布对日本出口美国的商品征收15%的关 税。日本则削减了汽车关税，并向美国市场开放。HTFX外汇表示，随着这些关税措施的实施，全球贸 易形势面临更加复杂的局面。与此同时，原油期货市场显示出不确定性，布伦特原油期货（9月交割） 报价在上周三下午2:55 ET为68.66美元/桶，过去六个交易日的收盘价格都在68.52至69.52美元之间波 动，这表明市场情绪缺乏明确方向。 在此背景下，标准普尔银行（Standard Chartered）的商品分析师指出，市场对主要原油品种的情绪表现 出显著分歧。HTFX外汇认为，这种情绪分裂反映了投资者对市场走势的不同预期，尤其是美国原油 （WTI）与布伦特原油的资金配置差异。数据显示，WTI原油的资金经理定位指数为-75.7，显示出高度 的悲观情绪，而布伦特 ...

Group 1 - The EU has committed to importing $750 billion worth of energy from the US over three years, which is crucial for a trade agreement with President Trump, but actual implementation faces significant challenges [1] - The agreement requires the EU to purchase $250 billion worth of natural gas, oil, and nuclear technology annually, based on plans to reduce reliance on Russian fossil fuels and buy "more economically efficient" LNG from US producers [1][4] - Last year, the EU imported less than $80 billion in energy from the US, indicating a substantial gap between current imports and the ambitious targets set by the EU [1][2] Group 2 - The scale of the current agreement is much larger than previous commitments made during the 2022 energy crisis, where a short-term increase of 15 billion cubic meters of LNG was agreed upon [2] - Analysts suggest that the $750 billion target is overly ambitious and lacks clarity on which specific energy sources will be included, potentially requiring long-term negotiations based on the EU's future energy needs [4] - The US, as the largest LNG producer, is expected to release new capacities in the coming years, with the Trump administration focusing on securing new supply agreements with European buyers to facilitate project financing and job creation [5] Group 3 - The EU is currently the second-largest natural gas supplier to Europe, but competition with Asian customers remains a challenge for securing LNG supplies [8] - The EU's joint procurement platform has seen limited success, and specific transaction details are still unclear [5] - The nuclear energy sector may provide a breakthrough, with the EU planning to invest approximately €241 billion ($280 billion) in nuclear expansion to achieve its 2050 climate neutrality goals [10]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不會就因本公告全部或任何部份內容而產生或 因依賴該等內容而引致的任何損失承擔任何責任。 CHINA HUARONG ENERGY COMPANY LIMITED ѝ഻㨟῞㜭Ⓚ㛑ԭᴹ䲀ޜਨ (於開曼群島註冊成立之有限公司) (股份代號：01101) 補充公告 復牌進展之季度最新資料 本公告乃由中國華榮能源股份有限公司（「本公司」，連同其附屬公司統稱為「本 集團」）根據香港法例第571章證券及期貨條例（「證券及期貨條例」）第XIVA部項 下的內幕消息條文（定義見上市規則）及上市規則第13.09條而作出。 茲提述本公司日期分別為二零二五年三月二十六日、二零二五年四月一日、二 零二五年四月十七日、二零二五年五月九日、二零二五年六月二十三日及二零 二五年六月三十日的公告（「該等公告」），內容有關（其中包括）延遲刊發二零 二四年年度業績、本公司股份暫停買賣以及不遵守上市規則第3.10(1)及3.21條。 除文義另有所指外，本公告所用詞彙與該等公告所界定者具相同涵義。 復牌進展之最新資料 董事會謹此向本 ...

智通财经7月28日电，据炼油行业消息人士透露，全球最大石油出口国沙特阿拉伯或将连续第二个月上 调面向亚洲买家的原油官方售价，预计9月阿拉伯轻质原油价格将创近五个月新高。五位炼油行业消息 人士在调查中预测，沙特9月旗舰产品阿拉伯轻质原油的官方售价可能较8月每桶上调90美分，达到每桶 3.10至3.25美元的区间，这将是今年5月以来的最高水平。其他品级原油方面，阿拉伯特轻质、中质和重 质原油的9月售价预计较8月每桶上涨80至95美分。 沙特或连续两月上调亚市油价 9月价格或创五个月新高 ...

Group 1 - The core viewpoint of the news is that Intercontinental Oil and Gas has a current stock price of 2.4 yuan, with a decline of 1.64%, and a rolling PE ratio of 22.98 times, indicating a higher valuation compared to the industry average [1] - The total market capitalization of Intercontinental Oil and Gas is 99.58 billion yuan, ranking 12th in the oil industry based on PE ratio, which has an average of 12.99 times and a median of 30.50 times [1][2] - As of May 9, 2025, the number of shareholders in Intercontinental Oil and Gas is 99,607, a decrease of 5,007 from the previous count, with an average holding value of 352,800 yuan and an average shareholding of 27,600 shares [1] Group 2 - The main business of Intercontinental Oil and Gas includes oil exploration and development, investment in petrochemical projects, and related engineering technical development, consulting, and services [1] - The latest financial results for the first quarter of 2025 show that the company achieved an operating income of 547 million yuan, a year-on-year decrease of 14.14%, and a net profit of 42.56 million yuan, down 56.06% year-on-year, with a gross profit margin of 57.30% [1]

Report Industry Investment Rating - No specific industry investment rating is provided in the report [3][31] Core Viewpoints - OPEC+ maintains a stance of increasing production, but the actual release of crude oil production is slow, leading to a weak and fluctuating trend in crude oil prices. It is advisable to adopt a wait - and - see approach [3][31] Summary by Directory Chapter 1: Market Review - Crude oil prices fluctuated. The SC2509 contract opened at 517 for the week, reached a high of 520, a low of 500, and closed at 512, with a weekly decline of 2.9 or 0.56%. In the short term, it shows a fluctuating pattern [4] Chapter 2: Analysis of Price Influencing Factors 2.1 OPEC: OPEC+ Maintains the Stance of Increasing Production - In June, OPEC's total production increased by 220,000 barrels per day month - on - month to 27.235 million barrels per day. Saudi Arabia's production increased by 173,000 barrels per day to 9.356 million barrels per day, and the UAE's production increased by 83,000 barrels per day to 3.05 million barrels per day [6] - On July 5, eight OPEC+ member countries announced an increase of 548,000 barrels per day in August, exceeding market expectations. OPEC+ has increased production for five consecutive months, with a cumulative recovery of 1.918 million barrels per day, and there is still 282,000 barrels per day left to reach the 2.2 million barrels per day production recovery target [6] - Next weekend, OPEC+减产 countries will decide on the crude oil quota for September. It is likely that they will complete the voluntary production cut of 2.2 million barrels per day and the UAE's production increase plan of 300,000 barrels per day in September. The actual incremental production in April, May, and June was lower than the plan. Attention should be paid to the subsequent actual production growth [3][7][31] 2.2 Russia: Gradually Implementing Production Cuts, Pay Attention to the Evolution of the Russia - Ukraine Conflict - In 2024, Russia's crude oil production was 516 million tons (about 9.9 million barrels per day). According to IEA data, last month, Russia's daily crude oil loading volume was stable at 4.68 million barrels, while the daily export volume of refined oil decreased by 110,000 barrels to 2.55 million barrels [8] - In June, Russia's crude oil and refined oil export volumes were at an abnormally low level, the lowest in the same period in five years. From 2024 to 2025, Russia's export volume showed a downward trend, raising questions about Russia's ability to maintain upstream production capacity [8] - The EU approved the 18th round of sanctions against Russia, and the UK lowered the price cap of Russian oil to $47.60 per barrel starting from September 2. As of July 6, 2025, the average daily export volume of Russian seaborne crude oil in the four - week period decreased by 3% compared with the previous four weeks, indicating a continuous weakness in Russian crude oil exports [8] 2.3 United States: Stable Production - As of the week ending July 18, 2025, the U.S. crude oil production was 13.273 million barrels per day, a decrease of 102,000 barrels per day compared with the previous week. As of the week ending July 25, 2025, the number of active rigs in the U.S. was 415, a decrease of 7 compared with the previous week, and the number of fracturing fleets was 168, a decrease of 6 compared with the previous week [9] - The U.S. Energy Information Administration predicted that the U.S. crude oil production will decrease to about 13.37 million barrels per day next year, down from about 13.42 million barrels per day this year [9] 2.4 American Production Increase May Dominate Future Supply Increment - IEA's June monthly report: It is expected that global production capacity will increase by more than 5 million barrels per day by 2030, reaching 114.7 million barrels per day. The global oil supply is expected to increase by 1.8 million barrels per day in 2025. The supply growth forecast of non - OPEC+ countries in 2025 was lowered from 1.5 million barrels per day to 1.3 million barrels per day, and it is expected that the supply growth of non - OPEC+ countries will reach 920,000 barrels per day by 2026 [16] - IEA's July monthly report: This year's global oil supply is expected to increase by 300,000 barrels per day compared with the previous forecast, reaching 2.1 million barrels per day [16] - OPEC stated that in 2025, the supply of countries outside OPEC+ will increase by about 800,000 barrels per day, lower than last month's forecast of 900,000 barrels per day [16] 2.5 Inventory: Decrease - According to OPEC's monthly report, preliminary data showed that as of April 2025, the commercial inventory of OECD's crude oil and liquids was 2.729 billion barrels, a decrease of 94.42 million barrels compared with the same period last year [17] - As of the week ending July 18, 2025, the total U.S. crude oil inventory was 821 million barrels, a decrease of 3.369 million barrels (- 0.41%) compared with the previous week; the strategic crude oil inventory was 403 million barrels, a decrease of 200,000 barrels (- 0.05%) compared with the previous week; the commercial crude oil inventory was 419 million barrels, a decrease of 3.169 million barrels (- 0.75%) compared with the previous week; the crude oil inventory in the Cushing area was 21.863 million barrels, an increase of 455,000 barrels (+2.13%) compared with the previous week [17] 2.6 Consumption: Weak - OPEC's forecast of global oil demand growth remains basically unchanged, maintaining the expected growth of 1.29 million barrels per day in 2025. The IEA report showed that the recent oil demand has slowed down significantly, and the average oil demand growth forecast for 2025 was lowered to 704,000 barrels per day, and the average oil demand growth forecast for 2026 was lowered to 722,000 barrels per day [21] - As of June 27, the U.S. refined oil processing fee was $346 per ton, while the processing fee of Asian refineries was low at $170 per ton. In the week of July 24, the average comprehensive profit of Shandong independent refineries processing imported crude oil was 313.57 yuan per ton, a month - on - month decrease of 5.06% and a year - on - year decrease of 0.79% [22] - In April, the operating rate of U.S. refineries was 88.00%, a month - on - month increase of 0.94%; the operating rate of European refineries was 81.90%, a month - on - month decrease of 2.10%. As of the week ending July 18, 2025, the crude oil processing volume of U.S. refineries was 16.936 million barrels per day, an increase of 87,000 barrels per day compared with the previous week, and the operating rate of U.S. refineries was 95.50%, an increase of 1.6% compared with the previous week. As of July 24, 2025, the operating rate of major refineries in China was 81.21%, the same as the previous week. As of July 23, 2025, the operating rate of Shandong local refineries was 50.04%, an increase of 0.88% compared with the previous week [26] Chapter 3: Market Outlook and Investment Strategy - Next weekend, OPEC+减产 countries will decide on the crude oil quota for September. It is likely that they will complete the voluntary production cut of 2.2 million barrels per day and the UAE's production increase plan of 300,000 barrels per day in September. The actual incremental production in April, May, and June was lower than the plan. Attention should be paid to the subsequent actual production growth. If the production returns to the full - quota level, there will still be pressure on crude oil prices. Overall, OPEC+ maintains the stance of increasing production, the actual release of crude oil production is slow, and the crude oil price shows a weak and fluctuating trend. It is advisable to adopt a wait - and - see approach [3][31]

欧盟委员会将评估阿布扎比国家石油公司（ADNOC）是否获得了可能扭曲交易的补贴。 ...

7月28日，东华能源今日收盘10.16元，上涨3.04%，滚动市盈率PE（当前股价与前四季度每股收益总和 的比值）达到36.33倍，创88天以来新低，总市值160.13亿元。 从行业市盈率排名来看，公司所处的石油行业行业市盈率平均12.99倍，行业中值30.50倍，东华能源排 名第14位。 股东方面，截至2025年3月31日，东华能源股东户数27166户，较上次增加2032户，户均持股市值35.28 万元，户均持股数量2.76万股。 东华能源股份有限公司的主营业务是公司需遵守《深圳证券交易所上市公司自律监管指引第3号——行 业信息披露》中化工行业的披露要求公司的主要产品是聚丙烯。 最新一期业绩显示，2025年一季报，公司实现营业收入79.80亿元，同比12.18%；净利润5258.50万元， 同比-5.68%，销售毛利率4.72%。 序号股票简称PE(TTM)PE(静)市净率总市值(元)8东华能源36.3336.071.44160.13亿行业平均 12.9911.651.201839.46亿行业中值30.5034.641.6462.88亿1中国海油9.128.911.5712291.25亿2中国石油 9.45 ...

Group 1 - The core issue in the current oil market is the interplay between policy soft power suppression and geopolitical risk premium, with the market in a rebalancing phase between policy suppression (US and EU) and resource autonomy (OPEC and Russia) [2] - Trump's erratic tariff policies are causing concerns about economic recession, leading to a withdrawal of long positions in oil and an increase in short positions, reflecting investor pessimism about demand [2][3] - OPEC's production increase expectations and the performance of major Asian oil importers, China and India, are critical variables influencing oil prices [1][2] Group 2 - OPEC predicts that by 2025, daily oil demand from non-OECD Asian countries will increase by 610,000 barrels, with China contributing 210,000 barrels and India 160,000 barrels [1] - The International Energy Agency (IEA) has a more conservative forecast, estimating an increase of 81,000 barrels per day for China and 92,000 barrels for India, with a total increase of 352,000 barrels per day for non-OECD Asian countries [1] - Geopolitical risks, such as the ongoing Middle East conflicts and supply disruptions in Iraq, are providing structural support for the geopolitical risk premium in oil prices [3]