International oil prices hit the $115 mark for the first time

Morning News: International oil prices rose for three days, 16 U.Stime, New York crude oil futures prices for the first time across the $115 per barrel mark, once again hit a record highThanks to the "enthusiasm" of the international oil market, the three major oil stocks in the Mainland turned their backs yesterday, with share prices rising in Hong Kongunexpected drop in commercial inventories of U.Scrude oil and gasoline sent markets into a panicLight crude futures for May delivery rose $1.14 to close at $114.93 a barrel on the New York Mercantile ExchangeThe futures contract was trading at $115.07 at one point in the session and moved up to $115.15 in over-the-counter electronic trading yesterday morningBrent crude for May delivery rose $1.08 to close at 112$66the continued surge in international oil prices, mainland oil prices have been unable to allow price increases because of the impact of the state's inflation control measures, so the mainland oil stocks have been weak for a long timeSinopec and PetroChina's recent annual reports show huge losses in their refining industriesthis embarrassment has forced China to come up with rescue measuresThe Ministry of Finance issued a notice on the 15th, said that the import of PetroChina and Sinopec refined oil value-added tax will be regressed, from April 1 to June 30Sinopec, PetroChina and CNOOC' three major oil stocks have finally followed suitYesterday, Sinopec, which has a large downstream business, rose significantlySinopec rose in Shanghai and Hong Kong, with A shares closing up 2.08 per cent at Rmb11.28 a share and H-shares up 5.77 per cent at HK$7.33CNOOC (0883 HK) rose for three days, up 3.10% yesterday, and PetroChina (0857 HK) rose 3.38% Morning News: International oil prices rose for three days, 16 U.S time, New York crude oil futures prices for the first time across the $115 per barrel mark, once again hit a record high Thanks to the "enthusiasm" of the international oil market, the three major oil stocks in the Mainland turned their backs yesterday, with share prices rising in Hong Kong unexpected drop in commercial inventories of U.S crude oil and gasoline sent markets into a panic Light crude futures for May delivery rose $1.14 to close at $114.93 a barrel on the New York Mercantile Exchange The futures contract was trading at $115.07 at one point in the session and moved up to $115.15 in over-the-counter electronic trading yesterday morning Brent crude for May delivery rose $1.08 to close at 112 $66 the continued surge in international oil prices, mainland oil prices have been unable to allow price increases because of the impact of the state's inflation control measures, so the mainland oil stocks have been weak for a long time Sinopec and PetroChina's recent annual reports show huge losses in their refining industries this embarrassment has forced China to come up with rescue measures The Ministry of Finance issued a notice on the 15th, said that the import of PetroChina and Sinopec refined oil value-added tax will be regressed, from April 1 to June 30 Sinopec, PetroChina and CNOOC' three major oil stocks have finally followed suit Yesterday, Sinopec, which has a large downstream business, rose significantly Sinopec rose in Shanghai and Hong Kong, with A shares closing up 2.08 per cent at Rmb11.28 a share and H-shares up 5.77 per cent at HK$7.33 CNOOC (0883 HK) rose for three days, up 3.10% yesterday, and PetroChina (0857 HK) rose 3.38% (Li Rongqiong)