I. International oil price trends and market data
1. International oil prices continued to fall
According to the closing data of the New York Mercantile Exchange on April 15, WTI crude oil (delivery in May) fell by $0.20 to $61.33/barrel, and Brent crude oil (delivery in June) fell by $0.21 to $64.67/barrel. The US dollar index rose 0.37% to 100.0670, and the RMB exchange rate against the US dollar fluctuated slightly to 7.2096 yuan.
2. The benchmark price of petroleum coke remained stable
On April 16, the domestic benchmark price of petroleum coke was 2,387.50 yuan/ton, the same as at the beginning of this month, reflecting the phased supply and demand balance of refining products.
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II. International corporate dynamics
- Occidental Petroleum's turnover increased
On April 16, the turnover of Occidental Petroleum (OXY) reached US$441 million, an increase of 24.14% from the previous day, and the closing price rose by 1.72% to US$38.45 per share. The market is concerned about the synergy between its oil and gas exploration and low-carbon transformation business.
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III. China's market and individual stock capital flow
1. Heshun Petroleum's net capital outflow
On April 16, Heshun Petroleum's main capital net outflow was 2.1793 million yuan, and retail capital net inflow was 2.1919 million yuan. The stock price fell by 1.42% to 14.61 yuan per share. The company's net profit in the third quarter of 2024 fell by 21.24% year-on-year, and the wholesale and retail business of refined oil products was under pressure.
2. Tongyuan Petroleum's capital outflow was large
Tongyuan Petroleum's main capital net outflow was 6.0971 million yuan, and the stock price fell by 2.32% to 3.79 yuan per share. The company's net profit in 2024 increased by 10.67% year-on-year, but the year-on-year growth rate of non-net profit in the fourth quarter slowed to 106.09%.
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IV. Policy and trade impact
- China-US tariff policies disturb crude oil demand
The chain reaction of the escalation of US sanctions against Russia and China's imposition of tariffs on US energy products continues to ferment, and the market is worried that the slowdown in global economic growth may further suppress crude oil demand.