UBPETCH@EP2602A

CEO of China National Petroleum Corporation Meets with Canadian Prime Minister to Discuss Enhancing Energy Cooperation

China National Petroleum Corporation to Complete Phase II Ethylene Project and Promote Domestic Oil and Gas Exploration in 2026

Vitol and Trafigura Negotiate Venezuelan Crude Sales to India and China

Several Brokers Update Ratings and Target Prices

Daqing Oilfield Sees Record High in Natural Gas Output and Renewable Energy Generation

US Military Action After China Assesses Loan Exposure to Venezuela

China National Petroleum Corporation North China Oilfield New Energy Co., Ltd. Established

Changqing Oilfield Reaches 51.42 Billion Cubic Meters of Natural Gas Production in 2025

Southwest China Petroleum Company Achieves a Record 50 Billion Cubic Meters of Annual Natural Gas Production

The Establishment of CNPC North China Oilfield Exploration and Development Co., Ltd.

Xian Wang Investment Increases Holdings of PetroChina by 11.9 million H Shares

China National Petroleum Corporation Buys Additional Shares of China Petroleum

Sinopec New Oil New Energy Co., Ltd. Officially Established with Registered Capital of 3 Million RMB

Talimu Oilfield Achieves New High in Photovoltaic Power Generation, Exceeding 2 Billion KWh

China Allocates 2026 Crude Oil Export Quotas

National Innovation Center for Oil and Gas Geophysical Exploration Unveiled and Construction Promotion Meeting Held

China National Petroleum signs 2026 financial business forecast agreement with Zhongyou Finance

Fumu Oilfield Sets New Record in Annual Oil and Gas Production

China National Petroleum Continues to Renew Derivatives Framework Agreement for 2026

Former Secretary of China National Petroleum Corporation's Oilfield Service Company Under Investigation

MAN SHUN GP

CB GLOBAL

FINSOFT FIN

CH SUPPLY CHAIN

WINSON HLDGS HK

WANJIA GROUP

XI2CSOPMSTR-U

XI2CSOPMSTR

CHINA CHUNLAI

ALLEGRO CULTURE

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PetroChina's share price has seen significant gains, with a 68.0% return over the past year. However, a Discounted Cash Flow (DCF) analysis suggests the stock is currently overvalued by 12.2%, estimating an intrinsic value of HK$8.37 per share. In contrast, a Price-to-Earnings (P/E) analysis indicates the stock may be undervalued, trading at a P/E of 9.67x compared to the industry average of 10.34x. Investors are encouraged to consider both valuation approaches and the company's narrative for a comprehensive understanding of its market position.

Simplywall

PETROCHINA

Is PetroChina (SEHK:857) Pricing In Its 7x Multi‑Year Rally Already?

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Russian ESPO Blend oil discounts narrow as Chinese refiners rush to buy

marketscreener

E Fund CSI Petrochemical Industry ETF

Bosera CSI Oil & Gas Resources Index ETF

Sinopec Corp.

Yinhua CSI Oil & Gas Resources ETF

ChinaAMC CSI Petrochemical Industry ETF

CNOOC

Guotai CSI Oil & Gas Industry ETF

SINOPEC CORP

China Universal CSI Oil & Gas Resources ETF

Russian ESPO Blend oil discounts narrow as Chinese refiners rush to buy

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The Hang Seng Index's gain has expanded to over 400 points, reaching a four-and-a-half-year high, currently reported at 27,562 points, up 435 points or 1.6%. Major financial stocks performed strongly, with HSBC rising 2.5%, BOC HONG KONG up 1.6%, and STANCHART increasing by 2.2%. Chinese telecom stocks and the three major oil companies also rebounded with the market, rising between 3.9% and 4%. Local property stocks continue to be strong, with the private residential price index reaching a one-and-a-half-year high

AASTOCKS

E Fund CSI 300 Financials (ex Banks) ETF

CHINA MOBILE

Huaan CSI Banks ETF

BOC HONG KONG

CHINA TELECOM

Hang Seng Index

China Merchants CSI BANK AH Price ETF

China Southern CSI Banks ETF

WP CSI Banks ETF

CHK OIL

CHINA UNICOM

HSBC HOLDINGS

China Mobile

ChinaAMC CSI Banks ETF

Hwabao WP CSI Banks ETF

China Unicom

STANCHART

The Hang Seng Index's gains expanded to over 400 points, reaching a four-and-a-half-year high, led by weighted financials, the three major oil companies, local real estate, and Chinese telecom stocks, while gold mining stocks surged along with gold prices

Asia's gasoline refining profit margin has dropped below $6 per barrel, falling to $5.19 from $6.03 a day earlier due to high supply in the market. Pertamina, Indonesia's state energy firm, anticipates a 3.9% increase in 2026 sales of its 90-octane gasoline. Analysts note that refineries returning from maintenance have added to supply, while high inventories in the West persist. Additionally, PetroChina has halted purchases of Venezuelan crude following U.S. control over its oil exports. Oil prices rose slightly due to a winter storm affecting U.S. production, but supply from Kazakhstan limited gains.

Reuters

Asia Naphtha/Gasoline-Gasoline margin plunges below $6/bbl

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The Shangai Composite Index fell -2 points or 0.05 percent on Monday to close at 4134 points.Leading the losses are Aisino (-7.04%), Avic Shenyang Aircraft (-4.88%) and BAIC BluePark (-4.62%).Top gainers were China Molybdenum (7.34%), China Railway (7.16%) and Petrochina (6.00%).

Trading Economics

CMOC

CHINA RAILWAY

Aisino Co.Ltd.

BAIC BluePark

AVIC SAC

The Shangai Composite Index Closes 0.05% Lower

China has made a key breakthrough in the core material of photovoltaic polyolefin elastomers, achieving large-scale production using the gas-phase method at the Dushanzi Petrochemical in Xinjiang. This progress will effectively reduce dependence on imports. Polyolefin elastomers combine the processability of plastics with the high elasticity of rubber, making them a core raw material for emerging industries such as photovoltaics. Since 2015, technicians have been dedicated to tackling this technology, and it is expected that by 2025, Dushanzi Petrochemical will have produced a cumulative total of 58,000 tons

Wallstreetcn

China's core photovoltaic materials have achieved a key breakthrough, and the gas-phase method for producing polyolefin elastomers has been scaled up for production

China Petroleum & Chemical Corp :SAYS 2025 CRUDE OIL PRODUCTION DOWN 0.8%

China Petroleum & Chemical's 2025 Crude Oil Production Down 0.8%

China's naphtha imports are expected to rise in early 2026 as traders prepare for a new consumption tax of 2,105 yuan ($302) per ton, which will increase costs for domestic suppliers. This tax, aimed at closing loopholes and boosting state revenue, is anticipated to pressure margins for petrochemical producers, particularly state-owned refiners. Analysts predict that importers will seek additional naphtha supplies in anticipation of reduced domestic demand due to the tax. CNOOC has already increased its naphtha purchases significantly this January compared to last year.

Guotai CSI Subdivision Chemical Industry Theme ETF

Penghua CSI Subdivision Chemical Industry Theme ETF

Hwabao WP CSI Subdivision Chemical Industry Theme ETF

China's naphtha imports to rise ahead of tax revamp, traders say

On Thursday, Venezuelan lawmakers will discuss oil reform issues that will allow foreign companies to produce and sell oil

Asia's diesel market remains subdued, with timespreads easing slightly amid ongoing February refiner sales. Traders are monitoring China's expected diesel exports of 250,000-300,000 metric tons and jet fuel exports of 2.1 million tons. Refining margins have increased slightly to around $20 per barrel. Physical cargo activity is thin, with cash differentials stable at premiums of 15 cents per barrel. Indonesia's Pertamina is seeking jet fuel deliveries, while China's crude oil imports from Russia fell 0.7% year-on-year in December, despite reaching a high for 2025.

Asia Distillates-Diesel timespreads ease slightly despite thin trade; Feb refiner sales ongoing

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The National Development and Reform Commission announced that starting from midnight tonight, the domestic prices of gasoline and diesel will increase by 85 yuan per ton due to fluctuations in international oil prices. Companies such as PetroChina, Sinopec, and CNOOC must ensure stable production and supply of refined oil, and relevant departments will strengthen market supervision to maintain normal market order

SINOPEC KANTONS

Mainland China will raise the prices of refined oil starting at midnight tonight

On January 15th, Dai Houliang, Chairman of China National Petroleum Corporation, met with Canadian Prime Minister Mark Carney in Beijing, and the two sides exchanged views on promoting and expanding China-Canada oil and gas cooperation. (China Petroleum News)

Chairman of China National Petroleum Corporation Dai Houliang visits Canadian Prime Minister Mark Carney

Vitol and Trafigura are negotiating Venezuelan crude oil sales to Indian and Chinese refiners for March delivery. They have agreements with the U.S. government to market stranded Venezuelan oil, allowing exports to resume after a halt due to political changes in Venezuela. Indian refiners like IOC and HPCL are considering purchases, while Trafigura is also in talks with PetroChina. The traders are offering cargoes at a discount to Brent prices and are securing shipping logistics for the sales, with the first cargo expected to load soon.

Vitol, Trafigura offer Venezuelan oil to Indian, Chinese refiners for March delivery, sources say

Fearing Western sanctions, China's oil giants suspend seaborne Russian oil purchases

S&P 500

PetroCN HK SDR 1to2

Oil control

UBPETCH@EP2602A(18593.HK)

Is PetroChina (SEHK:857) Pricing In Its 7x Multi‑Year Rally Already?

Russian ESPO Blend oil discounts narrow as Chinese refiners rush to buy

The Hang Seng Index's gains expanded to over 400 points, reaching a four-and-a-half-year high, led by weighted financials, the three major oil companies, local real estate, and Chinese telecom stocks, while gold mining stocks surged along with gold prices

Asia Naphtha/Gasoline-Gasoline margin plunges below $6/bbl

The Shangai Composite Index Closes 0.05% Lower

Oil control