Zheng Quan Shi Bao·2025-11-03 08:16Group 1: Oil Sector Performance - The oil sector experienced a significant rally, with companies like China National Offshore Oil Corporation (CNOOC) and China Petroleum gaining over 5% and 4% respectively [1][5] - The performance of the "Big Three" oil companies (China National Petroleum, China Petroleum & Chemical, and CNOOC) showed resilience compared to international peers, with their net profit declines being less severe during the third quarter [5][6] - Analysts noted that the integrated refining projects of China National Petroleum and China Petroleum & Chemical are progressing, enhancing their competitive edge in the refining sector [6] Group 2: Coal Sector Dynamics - The coal sector mirrored the oil sector's upward movement, with companies like Antai Group and Jinkong Coal Industry hitting their daily price limits [8][10] - Recent increases in coal prices are attributed to supply constraints and rising demand due to seasonal heating needs, with coal prices expected to rise further [10][11] - Analysts believe that the current coal market is at the beginning of a new upward cycle, with strong fundamentals and policies supporting the sector [10][11]