Sinopec 4Q Earnings May Face Headwinds From Weak Oil Prices, Russian Sanctions -- Market Talk

Dow Jones

Oct 30

0342 GMT - Sinopec's 4Q earnings could be hurt by weak oil prices which could cut the value of its inventories, Citi analysts Oscar Yee and Desmond Law say in a note. While strong regional jet fuel crack spreads could lift gross refining margins by about $0.5-$0.7 per barrel, the analysts caution that rising spot crude premiums due to Russian sanctions could drag on GRM later in 4Q. However they note that Sinopec takes very little Russian crude compared with teapot refineries, which could help Sinopec win a bigger share of the domestic market. Citi still prefers PetroChina over Sinopec because of the former's stronger free cashflow and potential for higher dividends. (jason.chau@wsj.com)

(END) Dow Jones Newswires

October 29, 2025 23:42 ET (03:42 GMT)

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While strong regional jet fuel crack spreads could lift gross refining margins by about $0.5-$0.7 per barrel, the analysts caution that rising spot crude premiums due to Russian sanctions could drag on GRM later in 4Q. However they note that Sinopec takes very little Russian crude compared with teapot refineries, which could help Sinopec win a bigger share of the domestic market. Citi still prefers PetroChina over Sinopec because of the former's stronger free cashflow and potential for higher dividends. (jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 29, 2025 23:42 ET (03:42 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","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>Sinopec 4Q Earnings May Face Headwinds From Weak Oil Prices, Russian Sanctions -- Market Talk</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\">\nSinopec 4Q Earnings May Face Headwinds From Weak Oil Prices, Russian Sanctions -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-10-30 11:42</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0342 GMT - Sinopec's 4Q earnings could be hurt by weak oil prices which could cut the value of its inventories, Citi analysts <a href=\"https://laohu8.com/S/OSCR\">Oscar</a> Yee and Desmond Law say in a note. While strong regional jet fuel crack spreads could lift gross refining margins by about $0.5-$0.7 per barrel, the analysts caution that rising spot crude premiums due to Russian sanctions could drag on GRM later in 4Q. However they note that Sinopec takes very little Russian crude compared with teapot refineries, which could help Sinopec win a bigger share of the domestic market. Citi still prefers PetroChina over Sinopec because of the former's stronger free cashflow and potential for higher dividends. (jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 29, 2025 23:42 ET (03:42 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1515016050.SGD","symbol_name":"Blackrock Emerging Markets Equity Income A6 SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2579316573","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2579316573","pubTimestamp":1761795720,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0342 GMT - Sinopec's 4Q earnings could be hurt by weak oil prices which could cut the value of its inventories, Citi analysts Oscar Yee and Desmond Law say in a note. While strong regional jet fuel crack spreads could lift gross refining margins by about $0.5-$0.7 per barrel, the analysts caution that rising spot crude premiums due to Russian sanctions could drag on GRM later in 4Q. However they note that Sinopec takes very little Russian crude compared with teapot refineries, which could help Sinopec win a bigger share of the domestic market. Citi still prefers PetroChina over Sinopec because of the former's stronger free cashflow and potential for higher dividends. 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While strong regional jet fuel crack spreads could lift gross refining margins by about $0.5-$0.7 per barrel, the analysts caution that rising spot crude premiums due to Russian sanctions could drag on GRM later in 4Q. However they note that Sinopec takes very little Russian crude compared with teapot refineries, which could help Sinopec win a bigger share of the domestic market. Citi still prefers PetroChina over Sinopec because of the former's stronger free cashflow and potential for higher dividends. (jason.chau@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 29, 2025 23:42 ET (03:42 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"economic","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}