Zhi Tong Cai Jing·2026-01-22 03:26Core Viewpoint - Oil stocks generally rose, driven by a slight increase in international oil prices and an upward revision in global oil demand forecasts by the International Energy Agency (IEA) [1] Group 1: Stock Performance - CNOOC Limited (601808)(02883) increased by 4.69%, reaching HKD 8.48 [1] - PetroChina (00857) rose by 4.05%, reaching HKD 8.74 [1] - CNOOC (00883) gained 3.25%, reaching HKD 22.9 [1] - Sinopec (00386) increased by 2.41%, reaching HKD 5.1 [1] Group 2: Oil Price Movement - WTI February crude oil futures closed at USD 60.62 per barrel, up by 0.43% [1] - Brent March crude oil futures closed at USD 65.24 per barrel, up by 0.49% [1] - The overnight market showed a linkage between oil and gas, with a significant rise in natural gas prices supporting diesel strength and providing emotional support to the crude oil market [1] Group 3: Demand Forecasts - The IEA raised its 2026 global oil demand growth forecast to 930,000 barrels per day, up from the previous estimate of 860,000 barrels per day [1] - The demand growth is primarily attributed to an improved global economic outlook and lower oil prices stimulating consumption [1] - The IEA warned of a continued oversupply situation in global oil markets by 2026, with excess supply sufficient to offset potential supply disruptions from geopolitical conflicts [1]