HK Stock Market Move | COSCO Shipping Energy Transportation (01138) is currently falling more than 5%, with a mixed long and short oil shipping market. OPEC+ has paused increasing production for the first quarter of next year.

COSCO Shipping Energy Transportation (01138) is now down more than 5%, dropping 5.43% to HKD 10.45 as of the time of this report, with a trading volume of 453 million Hong Kong dollars. On the news front, the oil shipping market is currently experiencing a mix of bullish and bearish sentiments. Due to increasing concerns about oversupply, OPEC+ has agreed to a small increase in oil production for December and has paused further production increases for the first quarter of next year. It is reported that crude oil transportation will benefit from the OPEC+ production cycle, and some analysts have pointed out that the suspension of the 301 measures will effectively mitigate the risk of continued reduction in effective transportation capacity for crude oil. Guotai Haitong stated that the US has further escalated sanctions against Russia, causing VLCC TCE to rise to over $120,000. The profit of international crude oil transportation companies in 2025Q3 has significantly increased compared to the previous year, following the trend of freight rates, and three domestic oil tanker companies continue to outperform industry freight rate indices. It is expected that profits for oil tankers in 2025Q4 and for the full year will reach a new high in a decade. We are optimistic about the supply and demand dynamics of oil shipping in 2026, with the potential for a super bull market in oil shipping.