Group 1 - The core viewpoint is that ongoing geopolitical conflicts are raising concerns about potential reductions in oil and gas supply from producing countries, leading to fluctuations in Brent oil prices and a marginal increase in the oil service industry's outlook [1] - Currently, the global oil service industry's activity level is low, with the number of active drilling rigs still below pre-2019 levels [1] - Domestic capital expenditure in the oil and gas sector is experiencing a temporary contraction due to oil prices and the end of the "14th Five-Year Plan" window, but after several years of capital contraction, industry spending is expected to gradually recover [1] Group 2 - The domestic oil and gas sector remains highly dependent on foreign sources, and capital expenditure is anticipated to gradually trend towards recovery [1] - In the overseas market, the U.S. government continues to implement policies to promote oil and gas development, with expectations for a rebound in oil service expenditure demand by 2026 [1] - The oil ETF (561360) tracks the oil and gas industry index (H30198), which covers companies involved in exploration, extraction, refining, and sales of oil and gas, reflecting the overall performance and development trends of related listed companies [1]
地缘冲突催化，油服开支需求有望回暖，石油ETF（561360）连续5日净流入超17亿元
Sou Hu Cai Jing·2026-02-02 05:45