油气ETF(159697)收涨超1.7%，供暖季高峰用电、用气或将创历史新高

Core Insights - The National Petroleum and Natural Gas Index (399439) has shown an increase of 0.81% as of November 28, 2025, with significant gains in constituent stocks such as Hupoo Co., Ltd. (11.62%), Jereh Group (10.00%), and others [1] - OPEC+ is expected to maintain its oil production policy unchanged for the first quarter of 2026 during the upcoming meeting, while the heating season is anticipated to extend due to the late Lunar New Year, leading to higher energy demand [1] - The forecast indicates a potential "double La Niña" condition in 2025, which may result in extremely cold weather, thereby increasing natural gas heating demand significantly [1] Industry Summary - The oil and gas ETF (159697) closely tracks the National Petroleum and Natural Gas Index, reflecting the price changes of publicly listed companies in the oil and gas sector [2] - As of October 31, 2025, the top ten weighted stocks in the National Petroleum and Natural Gas Index account for 65.09% of the index, with major players including China National Petroleum (601857), Sinopec (600028), and CNOOC (600938) [2] - The "Three Barrels of Oil" companies are expected to benefit from the deepening market-oriented reforms in natural gas pricing, leading to improved profitability in their natural gas business [1]