IEA Breaks Record with 400 Million Barrels of Oil Released, Still Unable to Overcome Market Concerns? After 3 Years of Pandemic Recovery, Cathay Faces New Middle East Uncertainties?

SocialAnxietyStaker

2026-03-12 02:06:54

Abstract generation in progress

The Middle East conflict disrupts global oil supply. The International Energy Agency (IEA) announced the release of up to 400 million barrels of strategic oil reserves, the largest in history, to stabilize soaring international oil prices. Despite the large-scale release, markets remain concerned about escalating conflicts, and oil prices continue to fluctuate. How to judge the stock market trend?

Cathay Pacific Airways (00293) has emerged from the pandemic low, achieving three consecutive years of profit. The full-year net profit reached HKD 10.828 billion, up 9.5% year-on-year, the most profitable year since 2010. Despite impressive results, Cathay indicates it still faces geopolitical risks and losses from Hong Kong Express; the outlook remains challenging.

Zeng Qibang, Director of Tang Ming Capital, will join you at 9 a.m. today on “ET Market Opening Live” to discuss the market.

The first trading day of each week, “Market Opening Strategy,” helps you plan your investment for the week.

If you have stock-related questions, feel free to WhatsApp 9613 3819 to leave a message; or post your questions in the program’s comment section.

Editor-in-charge: Ye Miao

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes