On October 20-22, by the Huangpu River in Shanghai, the 2026 Sustainable Global Leaders Conference will return once again. Nobel Prize and Turing Award winners will take the stage to discuss the future and trends of technology, and there will even be a conversation between the internet-famous professors who "rescue" people from anxiety and the era of involution — Macfarlane and Xiang Biao!
Limited seats available, first come first served. Let us join the sustainable appointment together! [Click to register] The oil and petrochemical sector continued its strong performance today (October 14). As of the close, China Oilfield Services Ltd (ASX: 601808) rose 6.56%, while China National Offshore Oil Corporation (ASX: 600938), Foosda, and Offshore Oil Engineering gained more than 4%. CNOOC Development, Shouhua Gas, and China Petroleum & Chemical Corporation (ASX: 600028) also ranked among the top gainers. The underlying index of Oil ETF Huabao (159019), the Guozheng Oil and Gas Index, rose more than 2% at one point intraday and ultimately closed up 1.56% against the market trend.
Note: As of October 13, 2026, within the Guozheng Oil and Gas Index, the weightings of China Oilfield Services, China National Offshore Oil Corporation, Foosda, Offshore Oil Engineering, CNOOC Development, Shouhua Gas, and China Petroleum & Chemical Corporation were 1.14%, 13.25%, 0.25%, 2.22%, 1.24%, 1.3%, and 12.45%, respectively.
On the news front, geopolitical conflicts continue to intensify. After Tehran-backed Houthi forces in Yemen launched attacks on Riyadh's main airport, fighting between Saudi Arabia and Iran-backed Houthi forces continued to escalate. At the same time, tensions between the United States and Iran are also brewing. In addition, OPEC raised its forecast for global oil demand growth in 2027 to 2.55 million barrels per day (previously forecast at 2.36 million barrels per day). It lowered its forecast for global oil demand growth in 2026 to 180,000 barrels per day (previously forecast at 380,000 barrels per day). Some analysts pointed out that repeated Middle East tensions are expected to continue pushing up geopolitical risk premiums. Combined with the traditional peak season, oil shipping rates are expected to continue rising on a month-over-month basis, and port imports of crude oil and bulk commodity cargo volumes may also increase on a month-over-month basis.
Ping An Securities noted that there remains significant uncertainty surrounding the US-Iran conflict, the geopolitical deadlock remains unresolved, and traffic through the Strait of Hormuz is still far below normal levels. At the same time, the situation in Yemen is still escalating, with Houthi forces attacking Saudi oil facilities. The involvement of Houthi forces may also disrupt crude oil transportation through the Bab-el-Mandeb Strait in the Red Sea. Combined with US crude oil inventories still at historically low levels, short-term geopolitical risks still provide strong support for international oil prices.
*Looking ahead, Guosen Securities pointed out that with turbulence in the Middle East geopolitical situation, blocked shipping through the Strait of Hormuz and the Bab-el-Mandeb Strait, combined with the suspension of the Caspian crude oil pipeline, global crude oil supply stability has significantly contracted; low inventories amplify price elasticity. In a high oil price environment, upstream oil and gas companies have ample profit elasticity, and coal-to-olefins and overseas integrated refining and chemical enterprises with low-cost advantages may benefit significantly.
*Gain one-click exposure to the entire oil and gas industry chain, seize the era's dividend of energy security, and focus on Oil ETF Huabao (159019). Oil ETF Huabao (159019) tracks the Guozheng Oil and Natural Gas Index, with its constituent stock portfolio providing one-click coverage of 50 A-shares in fields related to the oil and natural gas industry, including oil and gas exploration and development, oil and gas equipment and services, and gas transmission, distribution, and sales. The "three barrels of oil" account for nearly 40%.
Note: As of the end of September 2026, within the Guozheng Oil and Gas Index, the weightings of PetroChina, Sinopec, and CNOOC were 15.9%, 12.45%, and 13.25%, respectively.
Source: Shanghai and Shenzhen Stock Exchanges, etc., as of October 14, 2026. Reminder: Recent market volatility may be relatively large, and short-term gains or losses do not predict future performance. Investors must invest rationally based on their own financial conditions and risk tolerance, and pay close attention to position and risk management. Institutional views source: Ping An Securities' October 11, 2026 oil and petrochemical weekly report "Geopolitical Deadlock Difficult to Resolve in the Short Term, International Oil Prices Fluctuate Strongly"; Guosen Securities' October 11, 2026 "Petrochemical and Chemical Industry October 2026 Investment Strategy: Recommend Sub-sectors Benefiting from Rising Energy Prices and Supply Constraints."
Risk disclosure: Oil ETF Huabao passively tracks the Guozheng Oil and Natural Gas Index, whose base date is December 31, 2002, and which was published on December 30, 2014. The constituent stock composition of the index is adjusted in due course according to the index compilation rules, and its back-tested historical performance does not predict the future performance of the index. Individual stocks mentioned in this article are only objectively listed as index constituents and are not recommendations for any individual stock, nor do they represent the fund manager or the fund's investment direction. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, and any form of expression) is for reference only, and investors must be responsible for their own investment decisions. In addition, any views, analyses, and forecasts in this article do not constitute investment advice in any form to readers, nor shall they bear any responsibility for direct or indirect losses caused by the use of the content of this article. Investors should carefully read fund legal documents such as the Fund Contract, Prospectus, and Fund Product Information Summary to understand the risk-return characteristics of the fund and choose products suitable for their own risk tolerance. Past performance of the fund does not predict its future performance, and the performance of other funds managed by the fund manager does not constitute a guarantee of the fund's performance. According to the fund manager's assessment, the risk level of Oil ETF Huabao is R3-Medium Risk, suitable for investors with balanced type (C3) and above. The suitability matching opinion should be based on the sales institution. Sales institutions (including the fund manager's direct sales institution and other sales institutions) conduct risk evaluations of the above funds in accordance with relevant laws and regulations. Investors should promptly pay attention to the suitability opinions issued by the fund manager. The suitability opinions of various sales institutions are not necessarily consistent, and the fund product risk level evaluation results issued by fund sales institutions shall not be lower than the risk level evaluation results made by the fund manager. There are differences between the fund contract's description of fund risk-return characteristics and the fund risk level due to different factors considered. Investors should understand the fund's risk-return situation, carefully select fund products in light of their own investment objectives, term, investment experience, and risk tolerance, and bear risks themselves. The registration of the above funds by the China Securities Regulatory Commission does not indicate that it makes any substantive judgment or guarantee regarding the investment value, market prospects, and returns of these funds. Fund investment must be cautious. MACD golden cross signals have formed, and these stocks are rising well!
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