Xin Lang Cai Jing·2026-01-15 00:27Group 1 - Crude oil prices have seen a slight increase due to escalating geopolitical tensions in Venezuela and Iran, which have raised the geopolitical risk premium. OPEC+ has decided to temporarily halt its production growth plan for the first quarter of 2026, maintaining current production levels. This reflects OPEC+'s willingness to slow down production expansion since Q4 2025, aiming to alleviate market concerns about supply increases and keep oil prices at a reasonable level. As of January 11, WTI oil prices closed at $58.84 per barrel, and Brent oil prices at $63.02 per barrel, representing increases of 2.71% and 3.65% respectively from the previous week [1]. Group 2 - The restructuring of Sinopec and China National Aviation Fuel has heightened market attention towards Sustainable Aviation Fuel (SAF). Approved by the State Council on January 8, this merger allows Sinopec, the world's largest refining company and second-largest chemical company, to leverage its integrated refining and aviation fuel supply advantages, reducing intermediaries and lowering supply costs. This restructuring is expected to promote the application of SAF in China, creating a closed-loop for the entire industry chain of "production-certification-application," thereby driving rapid industry development [2]. Group 3 - The refining sector is expected to see a rebound due to stable oil prices influenced by geopolitical conflicts, OPEC+'s halt on production growth, and the upcoming demand peak. Companies to watch include Hengli Petrochemical, Satellite Chemical, Baofeng Energy, and Wanhua Chemical [3]. - Sustainable Aviation Fuel (SAF) is recognized as a renewable green energy source with significant future development potential, gaining increasing attention. Companies to monitor include Zhuoyue New Energy [3].