bigarcadesnearme| Changes in Hong Kong stocks| CNOOC (00883) rose more than 3% to lead the gains in oil stocks OPEC+ June meeting re-opened, and its overseas business of "three barrels of oil" expanded smoothly

Zhitong Finance APP learnedbigarcadesnearme, oil stocks collectively rose. As of press time, CNOOC (00883) rose 3bigarcadesnearme.47%, quoted at 20bigarcadesnearme.3 Hong Kong dollarsbigarcadesnearme; COSL (02883) rose 3.1% to HK$8.64; PetroChina (00857) rose 2.74% to HK$7.88.

On the news front, OPEC+ suddenly announced on Friday that the June heavy-duty policy meeting will be changed from offline to online. Some analysts said that this indicates that OPEC+ may extend its current production reduction measures to the second half of this year. China-Thailand Futures pointed out that since Russia and some Middle Eastern oil-producing countries had previously issued signals to change existing production reduction policies, the market is worried about whether the current scale of production reduction will be maintained. However, there has been no sound of increasing production recently. The market expects the existing production reduction policy to be maintained with a high probability. If OPEC+ maintains its existing policies until the end of the year, crude oil may gain support and usher in a certain rise.

Everbright Securities pointed out that "Three Barrels of Oil" actively responded to the "Belt and Road" initiative, and its overseas business layout has gradually deepened. Its subordinate oil service and engineering companies have taken advantage of the parent company's platform to seize new opportunities for industry development and are expected to achieve continuous breakthroughs in overseas business development. Continued improvement in profitability. The bank pointed out that since 2019, PetroChina's oil and gas equity production equivalent along the "Belt and Road" has remained above 80 million tons for five consecutive years, and the oil and gas trade volume with more than 50 countries along the route has been nearly 300 million tons annually. Engineering services have formed a large-scale market with a contract value of over 100 million US dollars in more than 20 countries including the United Arab Emirates, Iraq, and Saudi Arabia.