The oil and petrochemical sector remained strong throughout the trading day. As of market close, China Oilfield Services Limited (ASX: 601808) rose 7.23%, Foster gained 6.15%, while Petrochina Company Limited (ASX: 601857), China National Offshore Oil Corporation, and Offshore Oil Engineering also posted solid gains, with Petrochina Company Limited shares reaching a new high in over 18 years. The underlying index of Oil ETF Huabao (159019), the Guozheng Oil and Gas Index, closed up 2.89%. Note: As of October 23, 2026, within the Guozheng Oil and Gas Index, China Oilfield Services Limited, Foster, Petrochina Company Limited, China National Offshore Oil Corporation, and Offshore Oil Engineering held weights of 1.14%, 0.25%, 15.9%, 13.25%, and 2.22% respectively.
On the news front, international oil prices have continued to climb recently, while European natural gas prices have risen to their highest level since 2022. Earlier, Norwegian natural gas transportation system operator Gassco announced that the Troll gas field experienced an unplanned outage from October 25 to 26, affecting 6.1 million cubic meters per day. Ping An Securities noted that the geopolitical deadlock in the Middle East is unlikely to be resolved in the short term, with both the U.S.-Iran and Yemen situations carrying significant escalation risks. The security situation in the Strait of Hormuz has deteriorated, and the probability of the U.S. launching a new round of military strikes against Iran is rising. Meanwhile, the Yemen situation is escalating in a spiral, with Houthi forces continuing to launch attacks on airports and oil facilities within Saudi Arabia, significantly impacting Saudi Arabia's crude oil exports and refining operations. In summary, geopolitical risks continue to provide strong support for international oil prices.
Looking ahead, Guosen Securities stated that turbulent geopolitical conditions in the Middle East, shipping disruptions in the Strait of Hormuz and the Bab-el-Mandeb Strait, combined with the suspension of Caspian Sea crude pipeline operations, have significantly contracted stable global crude oil supply. Low inventory levels amplify price elasticity. In a high oil price environment, upstream oil and gas companies have ample profit elasticity, and coal-to-olefins producers with low-cost advantages as well as overseas integrated refining and chemical enterprises may benefit significantly. It also noted that due to geopolitical conflicts, the upstream oil and gas exploration sector is expected to maintain high prosperity, and refining and chemical enterprises with overseas production capacity and export qualifications are expected to see improved profitability.
To gain one-click exposure to the entire oil and gas industry chain and capture the dividends of the energy security era, 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 oil and natural gas exploration and development, oil and gas equipment and services, gas transmission and distribution sales, and other oil and natural gas industry-related fields, with the "three barrels of oil" accounting for nearly 40%. Note: As of the end of September 2026, within the Guozheng Oil and Gas Index, Petrochina Company Limited, China Petroleum & Chemical Corporation, and China National Offshore Oil Corporation held weights of 15.9%, 12.45%, and 13.25% respectively. Note: For fee rates, please refer to the fund legal documents. Source: Shanghai, Shenzhen and Hong Kong exchanges, China Securities Index, Guozheng Index, etc., as of October 26, 2026.
Reminder: Recent market volatility may be significant, and short-term gains or losses do not predict future performance. Investors are advised to invest rationally based on their own financial conditions and risk tolerance, and to pay close attention to position and risk management. Institutional views reference sources: Ping An Securities October 25, 2026 oil and petrochemical weekly report "Probability of a New Round of U.S.-Iran Conflict Rises, Oil Prices Continue Strong Trend"; Guosen Securities October 11, 2026 "Petrochemical and Chemical Industry October 2026 Investment Strategy - Recommend Sub-sectors Benefiting from Rising Energy Prices and Supply Constraints"; Guosen Securities October 8, 2026 "Oil and Gas Industry September 2026 Monthly Report - U.S.-Iran Negotiations at an Impasse, Oil Prices Oscillate at High Levels in September, Product Oil Supply-Demand Gap Persists."
Risk Disclosure: Oil ETF Huabao passively tracks the Guozheng Oil and Natural Gas Index, with the index base date of December 31, 2002, and publication date of December 30, 2014. The constituent stock composition of the index is adjusted in a timely manner according to the index compilation rules, and its back-tested historical performance does not predict future index performance. The individual stocks mentioned in this article are only objectively listed as index constituents and do not constitute any individual stock recommendation, nor do they represent the fund manager or fund investment direction. Any information appearing in this article (including but not limited to individual stocks, comments, predictions, charts, indicators, theories, any form of expression, etc.) is for reference only, and investors must be responsible for any investment decisions they make independently. In addition, any views, analyses, and predictions in this article do not constitute any form of investment advice to readers, nor do they assume any responsibility for direct or indirect losses caused by the use of the content herein. According to the fund manager's assessment, the risk level of Oil ETF Huabao is R3-Medium Risk, suitable for balanced (C3) and above investors. The suitability matching opinion should be subject to the sales institution. Investors should carefully read the "Fund Contract," "Prospectus," "Fund Product Information Summary" and other fund legal documents 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 fund performance. Sales institutions (including the fund manager's direct sales institution and other sales institutions) conduct risk assessments 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 rating evaluation results issued by fund sales institutions shall not be lower than the risk rating evaluation results made by the fund manager. There are differences between the fund risk-return characteristics in the fund contract and the fund risk rating due to different consideration factors. Investors should understand the risk-return situation of the fund, carefully select fund products based on their own investment objectives, duration, investment experience, and risk tolerance, and bear the 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 on the investment value, market prospects, or returns of these funds. Fund investment requires caution. MACD golden cross signals have formed, and these stocks are performing well!
Comments