UB#PETCHRC2710C

Huawei China Tour 2026 Guizhou AI Innovation Summit Held in Guiyang

Jilin Governor Hu Yuting Meets CNPC Chairman Dai Houliang to Discuss Deepening Cooperation in Green Energy and Other Fields

Kunlun Tongzhou Bay Strategic New-Economy Equity Investment Fund Established, with a Capital of 1 Billion Yuan

Kunlun GONGRONG Dianhang Strategic New Fund Partnership Established

BOCI Raises PetroChina Target Price to HKD12.85 and Maintains Buy Rating

BOC International Raises Profit Forecast for CNOOC 2026-2028

HSBC Research Maintains Buy Rating and Upgrades Target Price for PetroChina H Shares

China Everbright Securities Publishes Report Analyzing PetroChina's Q1 2026 Earnings at New High

China Authorizes State-owned Refiners to Export 5 Million Tons of Fuel to Alleviate Supply Issues

CLSA Reports: PetroChina's First Quarter Performance Robust, Stronger Q2 Growth Expected

China National Petroleum Corporation Holds Meeting to Emphasize Supply Security and External Challenges

China National Petroleum Corporation Q1 2026 Net Profit Grows Amid Revenue Decline

PetroChina released FY2026 Q1 earnings on April 29 During-Market (BJT), actual revenue HKD 834.87 B (forecast HKD 889.34 B), actual EPS HKD 0.2993 (forecast HKD 0.3061)

State-owned oil firms seek to resume fuel exports

CNPC LNG receiving station cumulative output exceeds 100 billion cubic meters

China National Petroleum Reports Record-Breaking 2025 Annual Report

PETROCHINA to Release FY2026 Q1 Earnings on April 29 During-Market (BJT), Forecast Revenue HKD 892.33 B, EPS HKD 0.306

DBS Upgrades CNPC Earnings Forecast and Maintains Buy Rating

JOLIMARK

TIMES UNI GP

APEX ACE HLDG

VPOWER GROUP

GW TIANDI

FUJING HOLDINGS

TEAMWAY INTL GP

SFSY NEW MAT

FDB HOLDINGS

KEEN OCEAN

SHEL

601857

00857

Kazakhstan's Energy Minister Erlan Akkenzhenov announced that maintenance discussions for the Kashagan oilfield are ongoing, with work expected to begin in early June and last over 30 days, potentially impacting oil output and exports. Additionally, minor maintenance at the Karachaganak field is planned for this year, though specific dates were not provided.

- Maintenance at the Kashagan oilfield in Kazakhstan has not yet begun, with discussions ongoing among shareholders.  
- Scheduled to start in early June, the maintenance may last over 30 days, potentially reducing the country’s overall oil output and exports.  
- Energy Minister Erlan Akkenzhenov also mentioned planned minor maintenance at the Karachaganak field this year, which is not expected to significantly impact production.

Fidelity

Shell

TotalEnergies SE

Exxon Mobil

Chevron

Eni Spa-Sponsored

PETROCHINA

KazMunaiGas Exploration Production JSC Sponsored GDR RegS

VG Energy

Shell plc ADRhedged

SPDR O&G Ex & Prd

VanEck Oil Services ETF

iShares US Oil & Gas Expl & Prod

ISHRS S&P Glb Engy

SPDR O&G Equip

SPDR Energy Select

United States Oil Fund LP

iShares US Oil Equip & Svcs

Thomson Reuters

Shareholders in talks on maintenance at Kazakhstan's Kashagan oilfield, minister says

00386

Rory Johnston, CEO of Commodity Context, highlights a 40% drop in China's oil imports this year due to the Iran conflict, while noting that the global economy remains strong. He suggests that China is likely relying more on its oil reserves, creating uncertainty in the market regarding when this support will end, potentially leading to increased oil prices.

MorningStar

SINOPEC CORP

NVIDIA

Tesla

Micron Tech

Taiwan Semiconductor

GameStop

Rocket Lab

Amazon

Apple

Intel

NVIDIA Corporation

GAMESTOP CORPORATION C/WTS (TO PUR COM) 30/10/2026

Here's the defensive stock-market trade that -2-

600938

00883

600028

159309

561760

561360

516570

159731

563150

WTI crude near $100 could raise summer road trip costs

CNOOC

Occidental Petroleum

Sinopec Corp.

China Universal CSI Oil & Gas Resources ETF

VanEck Oil Refiners ETF

Bosera CSI Oil & Gas Resources Index ETF

Us Brent Oil

Guotai CSI Oil & Gas Industry ETF

E Fund CSI Petrochemical Industry ETF

Tortoise N Americ Pipe

ChinaAMC CSI Petrochemical Industry ETF

First Trust North American Energy Infra Fd

Yinhua CSI Oil & Gas Resources ETF

GLOBAL X MLP & Energy Infra

Pro Ultr Bloomberg Crude Oil

Direxion Daily XOM Bull 2X Shares

Global X MLP

Direxion Daily Energy Bull 2X

iShares US Energy

Alerian MLP

WTI crude near $100 could raise summer road trip costs

Chinese refined fuel prices are set to increase by 90–110 yuan per ton at 24:00 on May 21, marking the eighth rise this year. This translates to an estimated increase of 8–9 cents per liter for 92-octane gasoline and an additional 4.5–5 yuan for a typical private car refill.

CoinLive

Chinese Refined Fuel Prices Set to Increase for Eighth Time This Year

PETROCHINAplans to transform traditional industries and develop new productive forces tailored to local conditions. Chairman Dai Houliang announced the focus on two emerging pillar industries: 'thermal-power-hydrogen' and 'bio-refining-new materials.' The company aims for technological self-reliance, enhancing innovation in core technologies and improving R&D investment efficiency.

AASTOCKS News

PetroCN HK SDR 1to2

PETROCHINA Will Develop New Quality Productive Forces Tailored to Local Conditions, Build Emerging Pillar Industries

CLSA reports that SINOPEC CORP has underperformed compared to PETROCHINA and CNOOC since the Israel-Iran conflict, reflecting a divergence in earnings amid rising oil prices. The broker expects SINOPEC to potentially report a loss in 2Q26 due to downstream challenges, impacting dividend distributions. In contrast, PETROCHINA and CNOOC are projected to benefit from strong cash flows and increased dividends. CLSA maintains an Outperform rating for all three, with target prices set at HKD12 for PETROCHINA, HKD32 for CNOOC, and HKD4.9 for SINOPEC CORP.

CNOOC-R

CLSA: SINOPEC CORP  Share Price Has Underperformed Peers Since Israel-Iran Conflict, Reflecting Fundamental Divergence; Sector Top Pick PETROCHINA

Evercore founder Roger Altman warns that the oil market may be at a tipping point, potentially leading to significantly higher prices that could destabilize the stock market. He highlights that a rise in crude oil prices towards $150 a barrel could trigger a second inflation shock post-COVID. While stocks have remained resilient, the diminishing buffers against oil supply shortfalls may complicate the economic outlook, which has otherwise appeared strong due to corporate profits and consumer resilience.

Dow Jones

Evercore

Factset Research

S&P 500

NASDAQ Composite Index

The oil market is reaching a 'tipping point' that could create problems for stocks, according to this Wall Street legend

UB#PETCHRC2710C(60056.HK)

Shareholders in talks on maintenance at Kazakhstan's Kashagan oilfield, minister says

Here's the defensive stock-market trade that -2-

WTI crude near $100 could raise summer road trip costs

Chinese Refined Fuel Prices Set to Increase for Eighth Time This Year

PETROCHINA Will Develop New Quality Productive Forces Tailored to Local Conditions, Build Emerging Pillar Industries

CLSA: SINOPEC CORP Share Price Has Underperformed Peers Since Israel-Iran Conflict, Reflecting Fundamental Divergence; Sector Top Pick PETROCHINA

The oil market is reaching a 'tipping point' that could create problems for stocks, according to this Wall Street legend