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Hong Kong-listed oil stocks showed mixed performance: CNOOC (00883.HK) opened down 5.26%, PetroChina (00857.HK) opened down 2.69%, and Sinopec (00386.HK) opened up 0.65%.

2026-04-08

Hong Kong-listed oil stocks showed mixed performance: CNOOC (00883.HK) opened down 5.26%, PetroChina (00857.HK) opened down 2.69%, and Sinopec (00386.HK) opened up 0.65%.

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2026-04-07

According to sources, Russian oil transport company Transneft’s Black Sea oil terminal in Novorossiysk has suspended loading operations after being attacked by drones on Monday.

According to sources, Russian oil transport company Transneft’s Black Sea oil terminal in Novorossiysk has suspended loading operations after being attacked by drones on Monday.
2026-04-07

OPEC crude production fell by 7.56 million barrels a day, or about 25%, to 22 million in March, the steepest monthly decline in Bloomberg data since 1989, as conflict involving Iran curtailed flows through the Strait of Hormuz. Iraq led losses, follo

OPEC crude production fell by 7.56 million barrels a day, or about 25%, to 22 million in March, the steepest monthly decline in Bloomberg data since 1989, as conflict involving Iran curtailed flows through the Strait of Hormuz. Iraq led losses, followed by Saudi Arabia and the UAE, despite partial pipeline diversions. Oil prices surged करीब $120 a barrel before easing near $110. The drop exceeds the 1973 embargo in scale; historian Daniel Yergin described that period as a “gross loss” of 5 million barrels a day.
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