Sou Hu Cai Jing·2026-01-28 00:07Group 1 - The U.S. is conducting air force readiness exercises in the Middle East, leading to a 3.0% increase in WTI crude oil prices to $62.46 per barrel and Brent crude oil prices to $66.72 per barrel [1] - Geopolitical tensions in regions like Venezuela and Iran are raising concerns about supply risks, with the U.S. Central Command announcing military exercises amid increasing military pressure on Iran [1] - The weakening of the U.S. dollar is contributing to rising commodity prices, with the dollar index dropping to 95.51, the lowest level since February 2022, and a cumulative decline of over 2.2% for the month [2] Group 2 - The International Energy Agency (IEA) has raised its forecast for global crude oil demand growth in 2026 to 930,000 barrels per day, up from a previous estimate of 860,000 barrels per day, driven by improved global economic prospects and lower oil prices [2] - Deutsche Bank analysts have adjusted their 2026 Brent crude oil price forecast to $61.50 per barrel, anticipating a significant reduction in the oversupply of oil in the second half of 2026 [3] - Huatai Securities has raised its forecast for the average Brent crude oil price in 2026 to $65 per barrel, citing geopolitical premiums and expected demand recovery [3] Group 3 - China National Offshore Oil Corporation (00883) is the largest offshore oil and gas producer in China, focusing on exploration and production with strong cost and return profiles [4] - PetroChina Company Limited (00857) is the largest oil and gas producer and seller in China, with an integrated upstream and downstream business model covering the entire industry chain [4] - Sinopec Limited (00386) is a top global refining company with a strong sales network and capabilities in refining and chemical product production [4]