On June 25, PetroChina (00857.HK) fell 3.13% in regular trading, trading at HKD 8.59/share, with turnover of HKD 117 million.
On the news front, the US-Iran ceasefire agreement officially signed on June 19 has accelerated the dissipation of Middle East geopolitical risk premiums, driving WTI crude from its peak of $93.50/barrel down to approximately $75-76/barrel. Institutions estimate that roughly $15-20 per barrel of the prior oil price was attributable to geopolitical risk premium, which has now been nearly fully eliminated.
Adding further supply-side pressure, multiple incremental crude sources are emerging — including the UAE exiting OPEC to pursue production expansion, Iran resuming legal oil exports, and potential output increases from Venezuela, Brazil offshore fields, Guyana, and Libya. These combined factors have pushed the oil price center of gravity steadily lower, with Hong Kong-listed major oil stocks collectively under pressure. PetroChina has maintained a downward trajectory since early June, reflecting the persistent bearish sentiment across the integrated oil sector.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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