浙商证券指出，石油石化、炼化及贸易行业受益于国际原油价格中高位震荡，全球及我国油气资本开支 持续提升。国内增储上产战略推进，原油对外依存度上升驱动行业需求；海外市场方面，高技术壁垒企 业有望在出海中获得优势。陆地非常规油气与海油开发成为新增量，其中海油因储量丰富且成本快速下 降更受关注。行业竞争格局呈现寡头垄断，国内以"三桶油"下属企业为主导，民营企业补充细分领域。 风险方面需关注特朗普政策可能压制油价、地缘政治扰动及贸易摩擦对出口的影响。整体来看，油价与 能源安全双重驱动下，行业景气度有望延续。 风险提示：提及个股仅用于行业事件分析，不构成任何个股推荐或投资建议。指数等短期涨跌仅供参 考，不代表其未来表现，亦不构成对基金业绩的承诺或保证。观点可能随市场环境变化而调整，不构成 投资建议或承诺。提及基金风险收益特征各不相同，敬请投资者仔细阅读基金法律文件，充分了解产品 要素、风险等级及收益分配原则，选择与自身风险承受能力匹配的产品，谨慎投资。 每日经济新闻 石油ETF（561360）跟踪的是油气产业指数（H30198），该指数从市场中选取涉及石油、天然气开采及 服务等业务的上市公司证券作为指数样本，以反映油气产 ...

Group 1 - The petrochemical industry is identified as one of the ten key sectors for structural adjustment, with emphasis on improving supply and phasing out outdated capacity as mandated by the State Council and the Ministry of Industry and Information Technology [1] - A joint assessment of old petrochemical facilities will be conducted by multiple ministries starting in late June 2025, focusing on equipment that has reached its design lifespan or has been in operation for over 20 years as of May 30, 2025 [1] - The Oil ETF (561360) tracks the oil and gas industry index (H30198), which selects listed companies involved in oil and gas extraction and services to reflect the overall performance of the sector [1] Group 2 - The oil and gas industry index primarily covers the energy sector, with constituent stocks characterized by significant resource endowments and strong industry chain synergy, effectively representing the market performance of oil and gas enterprises [1]