①The Hong Kong stock oil and gas sector surged, with Shandong Molong up nearly 20%. Which other stocks showed active performance? ②The IEA forecasts that April oil supply losses will double month-over-month. How do institutions view the subsequent impact?
Influenced by Trump's tough stance, international oil prices rebounded and rose, while the oil and gas sector of Hong Kong stocks also experienced a rally in the afternoon.
As of the time of writing, $SHANDONG MOLONG (00568.HK)$ rose over 14%, $PETRO-KING (02178.HK)$ Rose by approximately 17%, $YANCHANG PETRO (00346.HK)$ Multiple individual stocks, including others, rose accordingly.
In terms of news, Trump’s tough stance during his speech shocked the market and dampened the previously high expectations for a rapid ceasefire.
On April 1 local time, U.S. President Trump delivered a national address. Trump stated that stronger firepower would be used against Iran in the coming weeks. He also threatened that if no agreement is reached, the U.S. will launch fierce strikes on all of Iran’s power plants.
As Trump’s conflict rhetoric escalated, international crude oil futures jumped during the Asian trading session. The main contract of Brent crude oil futures once expanded its gains to nearly 7% during the day. As of press time, both Brent crude oil and WTI crude oil futures main contracts were up over 6%, stabilizing above $105 per barrel.
Dongwu Futures analysts noted that although the situation between the U.S. and Iran has eased, the huge divergence in negotiation conditions between the two sides makes it difficult to achieve a comprehensive ceasefire, and geopolitical risk premiums remain strong, providing robust cost support.
Notably, Fatih Birol, Executive Director of the International Energy Agency (IEA), forecast that oil losses in April will be twice those of March, with around 40 key energy assets in the Middle East damaged, further exacerbating market concerns about oil supply.
Guojin Securities also pointed out that the escalation of geopolitical conflicts in the Middle East directly pushed up international oil prices and expectations of supply disruptions. High oil and gas prices have driven upward momentum in the oil services industry. In the short term, the workload of oil services companies is also expected to increase rapidly.
Editor/Doris