Core Viewpoint - The oil and gas sector is experiencing a significant rise, with various stocks and ETFs showing substantial gains, indicating a positive market sentiment towards the industry. Group 1: Stock Performance - Tongyuan Petroleum saw a rise of over 13%, while Heshun Petroleum, Intercontinental Oil & Gas, and Zhongman Petroleum reached their daily limit up [1] - The oil and gas ETFs, including Huatai-PB Oil & Gas ETF, increased by over 4%, with several others also showing gains of more than 3% [1] Group 2: ETF Performance - The Huatai-PB Oil & Gas ETF increased by 4.27% year-to-date, reflecting a 16.39% annual gain [2] - The Oil & Gas Resource ETF rose by 3.97% on the day and 15.70% year-to-date [2] - The Petroleum ETF from Penghua also saw a daily increase of 3.97% and a year-to-date increase of 12.56% [2] Group 3: Industry Insights - The China Securities Oil and Gas Resource Index, which tracks companies involved in oil and gas extraction, services, and equipment manufacturing, rose by 13.11% in the fourth quarter, outperforming the overall A-share market [6] - The global oil market is facing supply-demand imbalances, with OPEC+ increasing production by nearly 3 million barrels per day starting April 2025, primarily from major oil-producing countries [6] - Despite a 6.5% year-on-year increase in China's crude oil imports in October and November, the increase mainly contributed to strategic reserves and port inventory rather than actual consumption [6] Group 4: Company Strategies - Companies in the oil and gas sector are focusing on cost reduction and efficiency improvements, such as digital management to lower extraction costs while maintaining stable cash flow generation [7] - The sector's resilience in fundamentals provides investment value even when oil prices are under pressure [7] - The China National Offshore Oil Corporation (CNOOC) is positioned as a leading player in offshore resource development, aiming to strengthen its oil and gas business and explore marine mineral resources [7]

Market Overview - The market experienced a downturn with the Shanghai Composite Index closing down 0.09%, the Shenzhen Component down 0.85%, and the ChiNext down 0.91% [1] - A total of 1,604 stocks rose while 3,771 stocks fell, indicating a broader market weakness [1] Precious Metals Sector - The precious metals sector saw significant gains, with gold prices surpassing $5,000 per ounce for the first time, and silver prices also rising sharply [2] - Notable stocks in this sector included Zhongjin Gold and Xibu Gold, which reached their daily limit [2] Pharmaceutical Sector - The pharmaceutical sector strengthened, with stocks like Cap Bio and Mike Bio hitting their daily limit due to concerns over a Nipah virus outbreak in India [2][4] - The outbreak has prompted increased monitoring in countries such as Thailand and Nepal [2] Oil and Gas Sector - Oil and gas stocks rallied, with Zhongman Petroleum hitting its daily limit and China National Offshore Oil Corporation (CNOOC) rising over 6% to reach a new high [5] Commercial Aerospace Sector - The commercial aerospace sector faced adjustments, with stocks like China Satellite and China Satcom hitting their daily limit [6] Large Sell Orders - Significant sell orders were noted in major stocks, with Zijin Mining seeing over 4.07 billion yuan in sell orders and China Ping An over 2.05 billion yuan [6] Market Sentiment and Policy - Analysts from CITIC Securities indicated that the current reduction in broad-based ETFs by institutional investors may be a strategy to realize profits rather than directly suppressing speculative trading [10] - The report suggests that increasing margin requirements or trading fees could be more effective in cooling market enthusiasm [10]

Market Performance - The Shanghai Composite Index experienced a day of sideways trading, closing down 0.09%, while the Shenzhen Component Index and the ChiNext Index fell by 0.85% and 0.91% respectively [1] - Over 3,700 stocks in the Shanghai and Shenzhen markets closed in the red, with total trading volume exceeding 3.28 trillion yuan [1] Sector Movements - The precious metals sector saw significant gains, with stocks like Zhongjin Gold and Western Gold hitting the daily limit [1] - Pharmaceutical stocks collectively strengthened, with companies such as Capstone Bio and Maike Bio also reaching the daily limit [1] - Oil and gas stocks experienced intraday surges, with Zhongman Petroleum hitting the daily limit and China National Offshore Oil Corporation rising over 6% to reach a new high [1] Declines - The commercial aerospace sector faced adjustments, with stocks like China Satellite and China Satcom hitting the daily limit down [1]

南方财经1月26日电，午后油气股持续走高，中曼石油涨停，通源石油涨超10%，中国海油、中国石 油、中国石化、潜能恒信均涨超5%。 ...

Investment Rating - The report maintains a "Positive" investment rating for the oil processing industry [1] Core Insights - As of January 23, 2026, international oil prices have seen a slight increase due to multiple favorable factors, including temporary production halts in Kazakhstan, an upward revision of global economic growth forecasts, the cancellation of tariffs on eight European countries by Trump, and extreme cold weather potentially affecting supply and demand [2][9] - Brent and WTI crude oil prices were reported at $65.07 and $61.07 per barrel, respectively, marking increases of 1.47% and 2.92% from the previous week [2][20] - The oil and petrochemical sector outperformed, with a 7.71% increase, while the broader Shanghai and Shenzhen 300 index fell by 0.62% [10][13] Summary by Sections Oil Price Review - Brent crude futures settled at $65.07 per barrel, up $0.94 (+1.47%) from the previous week, while WTI crude futures rose to $61.07 per barrel, an increase of $1.73 (+2.92%) [2][20] Offshore Drilling Services - As of January 19, 2026, the number of global offshore self-elevating drilling platforms was 376, a decrease of 1 from the previous week, while floating drilling platforms increased by 3 to a total of 133 [29] Oil Supply - U.S. crude oil production was reported at 13.732 million barrels per day as of January 16, 2026, a decrease of 21,000 barrels from the previous week [39] - The number of active drilling rigs in the U.S. increased by 1 to 411 as of January 23, 2026 [39] Oil Demand - U.S. refinery crude oil processing volume was 16.604 million barrels per day as of January 16, 2026, down by 354,000 barrels from the previous week, with a refinery utilization rate of 93.30%, a decrease of 2.0 percentage points [47] Oil Inventory - As of January 16, 2026, total U.S. crude oil inventories stood at 841 million barrels, an increase of 4.408 million barrels (+0.53%) from the previous week [48] Related Stocks - Key stocks in the sector include China National Offshore Oil Corporation (CNOOC), PetroChina, Sinopec, and China Oilfield Services [3]

Investment Rating - The report maintains a "Buy" rating for major companies in the petrochemical sector, including China National Petroleum Corporation, China National Offshore Oil Corporation, China Petroleum & Chemical Corporation, Zhongman Petroleum, and New Natural Gas [2][4]. Core Insights - The geopolitical situation in the Middle East is influencing oil prices, with expectations of supply surplus in 2026. The report suggests that geopolitical developments will continue to dominate oil price movements, with potential for narrow fluctuations before any escalation [8][10]. - Major oil institutions predict a surplus in global oil supply for 2026, with the EIA forecasting a surplus of 2.83 million barrels per day, OPEC indicating a surplus of 70,000 barrels per day, and IEA adjusting its surplus forecast to 3.84 million barrels per day [11][12]. - The report highlights a decrease in U.S. crude oil production and refinery processing rates, with crude oil production at 13.73 million barrels per day, down by 20,000 barrels week-on-week [12][13]. Summary by Sections 1. Weekly Market Review - The petrochemical sector saw a 7.8% increase as of January 23, outperforming the CSI 300 index, which fell by 0.6% [16][19]. - Among sub-sectors, other petrochemical segments had the highest weekly increase of 11.9%, while oil extraction had the lowest at 4.5% [19]. 2. Company Performance - Notable stock performances include Runbei Hangkai with a 33.40% increase, followed by Intercontinental Oil and Gas at 30.95% [21]. - The largest decline was seen in Baomo Co., which fell by 6.33% [21]. 3. Industry Dynamics - Natural gas production in China showed steady growth, with December output at 23 billion cubic meters, a 5.1% year-on-year increase [24]. - The report notes a decrease in oil exports through the Caspian Pipeline Consortium, dropping from 5.09 million tons in November to 3.98 million tons in December [24]. 4. Investment Recommendations - The report recommends focusing on industry leaders with stable performance and high dividends, such as China National Petroleum and China Petroleum & Chemical Corporation [15]. - It also suggests monitoring companies like China National Offshore Oil Corporation, which has low production costs and is expected to see valuation increases due to stable oil prices [15].

Investment Rating - The report maintains a "Buy" rating for major companies in the petrochemical sector, including China National Petroleum Corporation, China National Offshore Oil Corporation, China Petroleum & Chemical Corporation, Zhongman Petroleum, and New Natural Gas [2]. Core Insights - The geopolitical situation in the Middle East is influencing oil prices, with expectations of supply surplus leading to narrow fluctuations in oil prices [8][10]. - Major oil institutions predict a surplus in global oil supply for 2026, with the EIA forecasting a surplus of 2.83 million barrels per day, OPEC indicating a surplus of 70,000 barrels per day, and IEA adjusting its surplus forecast to 3.84 million barrels per day [11][12]. - The report suggests three main investment themes: focusing on stable, high-dividend companies like China National Petroleum and China Petroleum & Chemical; investing in China National Offshore Oil Corporation due to its low production costs; and considering growth-stage companies like New Natural Gas and Zhongman Petroleum [15]. Summary by Sections Industry Investment Rating - The report recommends a "Buy" rating for key companies in the petrochemical sector [2]. Market Performance - As of January 23, the petrochemical sector increased by 7.8%, outperforming the Shanghai Composite Index, which decreased by 0.6% [19]. Oil and Gas Prices - Brent crude oil prices rose by 2.73% to $65.88 per barrel, while WTI prices increased by 2.74% to $61.07 per barrel [12]. - The NYMEX natural gas price surged by 72.18% to $5.35 per million British thermal units [12]. Supply and Demand Dynamics - U.S. crude oil production decreased to 13.73 million barrels per day, while refinery throughput fell to 16.60 million barrels per day [12]. - U.S. crude oil inventories rose, with strategic reserves increasing by 810,000 barrels [13]. Company Performance - The report highlights significant stock price movements, with companies like Runbei Hangke and Zhongjie Oil experiencing substantial gains [21][22]. - Conversely, Baomo Co. saw the largest decline in stock price [22]. Industry Developments - The report notes stable growth in natural gas production, with a year-on-year increase of 6.2% [24]. - It also mentions fluctuations in oil exports from the Caspian Pipeline Consortium [24]. Investment Recommendations - The report emphasizes the importance of focusing on industry leaders with stable earnings and high dividends, as well as companies with growth potential in the domestic market [15].

证券之星消息，截至2026年1月23日收盘，中曼石油(603619)报收于28.23元，下跌1.95%，换手率 5.29%，成交量24.44万手，成交额6.85亿元。 1月23日的资金流向数据方面，主力资金净流入4749.36万元，占总成交额6.93%，游资资金净流入22.41 万元，占总成交额0.03%，散户资金净流出4771.77万元，占总成交额6.97%。 近5日资金流向一览见下表： 中曼石油融资融券信息显示，融资方面，当日融资买入8117.87万元，融资偿还6609.31万元，融资净买 入1508.56万元。融券方面，融券卖出2.21万股，融券偿还6000.0股，融券余量6.53万股，融券余额 184.34万元。融资融券余额5.02亿元。 近5日融资融券数据一览见下表： 该股主要指标及行业内排名如下： 中曼石油2025年三季报显示，前三季度公司主营收入29.85亿元，同比下降2.18%；归母净利润4.53亿 元，同比下降32.18%；扣非净利润4.32亿元，同比下降31.78%；其中2025年第三季度，公司单季度主营 收入10.03亿元，同比下降11.44%；单季度归母净利润1.53亿元，同比下降36 ...

证券之星消息，1月23日油服工程板块较上一交易日下跌0.22%，仁智股份领跌。当日上证指数报收于 4136.16，上涨0.33%。深证成指报收于14439.66，上涨0.79%。油服工程板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300164 | 道線石油 | 7.90 | 3.40% | 172.08万 | | 13.31 Z | | 920088 | 科力股份 | 38.66 | 2.41% | 7.61万 | | 2.887Z | | 300191 | 潜能恒信 | 23.48 | 1.51% | 21.12万 | | 4.90亿 | | 600871 | 石化油服 | 2.63 | 1.15% | 482.26万 | | 12.61亿 | | 002207 | 准油股份 | 8.94 | 0.56% | 38.31万 | | 3.38亿 | | 002554 | 惠博音 | 4.14 | 0.49% | 129.93万 | | 5.36亿 | | ...

证券之星消息，1月22日油服工程板块较上一交易日上涨5.02%，仁智股份领涨。当日上证指数报收于 4122.58，上涨0.14%。深证成指报收于14327.05，上涨0.5%。油服工程板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入(元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600871 石化油服 | | 2.13亿 | 15.45% | -7769.41万 | -5.63% | -1.35 Z | -9.82% | | 002629 | 仁智股份 | 5658.82万 | 21.28% | -1786.14万 | -6.72% | -3872.67万 | -14.56% | | 603727 | | 686.56万 | 2.66% | -543.31万 | -2.11% | -143.25万 | -0.56% | | 920088 科力股份 | | 564.10万 | 1.67% | -342.13万 | -1.01% | 74.29万 ...