---
title: "Natural gas and oilfield equipment were attacked, geopolitical risks remain, and the oil ETF Penghua is receiving significant attention"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279701661.md"
description: "On March 18th local time, the facilities of the South Pars gas field in Iran were attacked, causing a fire and leading to a rise in oil prices, with Brent crude oil futures increasing by 4%, currently reported at $107.1 per barrel. Concerns have been raised regarding Iran's electricity supply issues. The CNI Oil & Gas Index components showed mixed performance, with CMES leading the gains at 9.28%. The latest quote for the oil ETF Penghua is 1.5 yuan, with an intraday turnover of 6.49%, and a transaction volume of 294 million yuan, with an average daily transaction of 784 million yuan over the past month"
datetime: "2026-03-19T01:29:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279701661.md)
  - [en](https://longbridge.com/en/news/279701661.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279701661.md)
---

# Natural gas and oilfield equipment were attacked, geopolitical risks remain, and the oil ETF Penghua is receiving significant attention

On March 18th local time, the National Iranian Gas Company issued a statement saying that around 2 PM, facilities related to the South Pars gas field in Iran were attacked, resulting in a fire. The fire has now been completely extinguished.

With the ongoing situation in the Middle East, oil prices have risen sharply, with Brent crude oil futures increasing by 4%, currently priced at $107.1 per barrel. Institutions point out that Iran relies on natural gas for 85% of its electricity generation, raising concerns about electricity supply issues in Iran and Iraq.

As of 3:00 PM on March 18, 2026, the CNI Oil & Gas Index (399439) saw mixed performance among its constituent stocks, with CMES leading with a 9.28% increase, COSCO Shipping Energy rising by 7.15%, and Haimer Technology up by 2.22%; Intercontinental Oil & Gas led the decline. The latest quote for the Penghua Oil ETF (159697) is 1.5 yuan.

In terms of liquidity, the Penghua Oil ETF saw a turnover of 6.49% during the trading session, with a transaction volume of 294 million yuan. Looking at a longer time frame, as of March 18, the average daily transaction volume of the Penghua Oil ETF over the past month was 784 million yuan.

The Penghua Oil ETF closely tracks the CNI Oil & Gas Index, which reflects the changes in the securities prices of listed companies in the oil and gas industry on the Shanghai and Shenzhen stock exchanges.

Data shows that as of February 27, 2026, the top ten weighted stocks in the CNI Oil & Gas Index (399439) are China National Petroleum, China National Offshore Oil, Sinopec, Jereh Group, CMES, COSCO Shipping Energy, Guanghui Energy, Intercontinental Oil & Gas, Jiufeng Energy, and New Oriental Energy, with the top ten weighted stocks accounting for a total of 67.92%

### Related Stocks

- [601872.CN](https://longbridge.com/en/quote/601872.CN.md)
- [399439.CN](https://longbridge.com/en/quote/399439.CN.md)
- [159697.CN](https://longbridge.com/en/quote/159697.CN.md)

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