Stock Track | CNOOC Slumps Nearly 6% as Oil Price Crash Rattles Energy Stocks

Stock Track

Sep 11, 2024

Shares of CNOOC Ltd., China's leading offshore oil and gas producer, plunged nearly 6% on Tuesday, as a sharp decline in global oil prices hammered energy stocks across the region.

The sell-off in CNOOC's stock came amid a broader retreat in Hong Kong markets, with the Hang Seng Index falling 1.3% to a one-month low. Concerns about the global growth outlook and uncertainty around the upcoming U.S. presidential election weighed on investor sentiment.

Crude oil prices tumbled more than 4% overnight to a nearly three-year low, with Brent crude, the international benchmark, dipping below $90 per barrel. The sharp decline in oil prices was driven by fears of a potential recession that could dampen demand for energy. Other Chinese oil majors, including PetroChina and Sinopec, also saw significant drops, shedding around 5% in their stock prices.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Easy breezy. No more feesies.","description":"Tiger Trade is a mobile trading app offering real time data, low commission fees and a free demo account. Download now to start investing in ETFs, options and the global share market.","keywords":"Tiger Brokers,U.S. stock trading,Hong Kong stock trading,trading U.S. stocks,stock information,stock prices,U.S. stock quotes,U.S. stock trading,Hong Kong stock trading,IPO trading,buying U.S. stocks,global investment","social":{"ogDescription":"Tiger Trade is a mobile trading app offering real time data, low commission fees and a free demo account. Download now to start investing in ETFs, options and the global share market.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1114315172"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"NZL","license":"TBKIWI","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1114315172\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1114315172?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-11 10:58","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1114315172","market":"us","top_or_hot":-1,"title":"Stock Track | CNOOC Slumps Nearly 6% as Oil Price Crash Rattles Energy Stocks","media":"Stock Track","content":"<p>Shares of CNOOC Ltd., China's leading offshore oil and gas producer, plunged nearly 6% on Tuesday, as a sharp decline in global oil prices hammered energy stocks across the region.</p>\n\n<p>The sell-off in CNOOC's stock came amid a broader retreat in Hong Kong markets, with the Hang Seng Index falling 1.3% to a one-month low. Concerns about the global growth outlook and uncertainty around the upcoming U.S. presidential election weighed on investor sentiment.</p>\n\n<p>Crude oil prices tumbled more than 4% overnight to a nearly three-year low, with Brent crude, the international benchmark, dipping below $90 per barrel. The sharp decline in oil prices was driven by fears of a potential recession that could dampen demand for energy. Other Chinese oil majors, including PetroChina and Sinopec, also saw significant drops, shedding around 5% in their stock prices.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | CNOOC Slumps Nearly 6% as Oil Price Crash Rattles Energy Stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | CNOOC Slumps Nearly 6% as Oil Price Crash Rattles Energy Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-09-11 10:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of CNOOC Ltd., China's leading offshore oil and gas producer, plunged nearly 6% on Tuesday, as a sharp decline in global oil prices hammered energy stocks across the region.</p>\n\n<p>The sell-off in CNOOC's stock came amid a broader retreat in Hong Kong markets, with the Hang Seng Index falling 1.3% to a one-month low. Concerns about the global growth outlook and uncertainty around the upcoming U.S. presidential election weighed on investor sentiment.</p>\n\n<p>Crude oil prices tumbled more than 4% overnight to a nearly three-year low, with Brent crude, the international benchmark, dipping below $90 per barrel. The sharp decline in oil prices was driven by fears of a potential recession that could dampen demand for energy. Other Chinese oil majors, including PetroChina and Sinopec, also saw significant drops, shedding around 5% in their stock prices.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00883","symbol_name":"中国海洋石油","start_time":0,"source_url":"","article_id":"1114315172","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1114315172","pubTimestamp":1726023512,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of CNOOC Ltd., China's leading offshore oil and gas producer, plunged nearly 6% on Tuesday, as a sharp decline in global oil prices hammered energy stocks across the region.The sell-off in CNOOC's stock came amid a broader retreat in Hong Kong markets, with the Hang Seng Index falling 1.3% to a one-month low. Concerns about the global growth outlook and uncertainty around the upcoming U.S. presidential election weighed on investor sentiment.Crude oil prices tumbled more than 4% overnight ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00883":"中国海洋石油"},"translate_title":"油价暴跌扰乱能源股，中海油暴跌近6%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00883":1},"content_text":"Shares of CNOOC Ltd., China's leading offshore oil and gas producer, plunged nearly 6% on Tuesday, as a sharp decline in global oil prices hammered energy stocks across the region.\nThe sell-off in CNOOC's stock came amid a broader retreat in Hong Kong markets, with the Hang Seng Index falling 1.3% to a one-month low. Concerns about the global growth outlook and uncertainty around the upcoming U.S. presidential election weighed on investor sentiment.\nCrude oil prices tumbled more than 4% overnight to a nearly three-year low, with Brent crude, the international benchmark, dipping below $90 per barrel. The sharp decline in oil prices was driven by fears of a potential recession that could dampen demand for energy. Other Chinese oil majors, including PetroChina and Sinopec, also saw significant drops, shedding around 5% in their stock prices.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}