China Universal CSI Oil & Gas Resources ETF

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

COSCO SHIPPING Energy Transporting to Lease 4 VLCCs for 60-63 Months with Rental of approx. 2.7 Billion RMB

Sinopec Launches Domestic 'Aipao 103' Racing Fuel Filling High-Performance Gap

CNOOC Hainan Branch Builds Largest Offshore Gas Field, Annual Oil & Gas Output Exceeds 10 Million Tonnes

COSCO Shipping Two Vessels Successfully Pass Through Strait of Hormuz

Sinopec Achieves Major Breakthrough in Shale Gas Exploration in Sichuan Basin

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

CNOOC Boosts Offshore Output and Reopens Huizhou Steam Cracking Unit

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

BOC International Upgrades Sinopec Stock Target Price and Adjusts Brent Oil Forecast

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

JPMorgan Upgrades CNOOC EPS Forecast and Maintains Rating

CLP and CNOOC Sign Memorandum to Deepen Energy Cooperation

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

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Jintai Energy has amended its Convertible Notes, reducing the conversion price to HK$ 0.03 and extending the maturity to July 17, 2027, with an option to extend to July 17, 2028. The outstanding principal is HK$ 123.29 million, with accrued interest of about HK$ 38.41 million. Full conversion could result in the issuance of up to 6.11 billion shares by July 2028.

PUBT

JINTAI ENERGY H

Guotai CSI Oil & Gas Industry ETF

Bosera CSI Oil & Gas Resources Index ETF

Yinhua CSI Oil & Gas Resources ETF

HKEX

HKEX-R

Hong Kong Exchanges and Clearing (HKEX)

Jintai Energy amends convertible notes, cuts conversion price to HK$ 0.03

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SHEL

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Oil production at Kazakhstan's Kashagan field reached 1.57 million tons in April, 6.6 mln tons year to date - NCOC consortium

Unusual Whales

PETROCHINA

TotalEnergies SE

Shell

Exxon Mobil

SPDR O&G Ex & Prd

E Fund CSI Petrochemical Industry ETF

VG Energy

Shell plc ADRhedged

SPDR Energy Select

ISHRS S&P Glb Engy

United States Oil Fund LP

iShares US Oil & Gas Expl & Prod

ChinaAMC CSI Petrochemical Industry ETF

Invesco Great Wall CNI Oil&Gas ETF

Oil production at Kazakhstan's Kashagan field reached 1.57 million tons in April, 6.6 mln tons year to date - NCOC consortium

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Consumer prices in the US rose 3.8% in April 2023, the fastest increase since May 2023, driven by surging energy costs due to the ongoing conflict in the Middle East. The core index, excluding food and energy, also increased by 2.8%. Higher fuel prices are impacting transportation and grocery costs, with petrol prices exceeding $4.50 per gallon. Business leaders expect inflation to average 3.7% over the next year. The Federal Reserve may reconsider interest rate cuts due to these inflationary pressures, despite previous expectations for cuts in 2026.

- In April, consumer prices in the United States increased by 3.8 percent year-over-year, the highest rate since May 2023, primarily due to rising energy costs linked to the Middle East conflict.  
- The core consumer price index, excluding food and energy, rose 2.8 percent, indicating persistent inflationary pressures affecting transportation and grocery prices.  
- Business leaders anticipate inflation at 3.7 percent over the next year, while the Federal Reserve's consideration for interest rate cuts has weakened due to the inflation increase and strong job reports.

Straitstimes

HSPC

Occidental Petroleum

Newmont

Kinross Gold

SD-GOLD

Abrdn Precious Metals Basket ETF Trust

VanEck Gold Miners ETF

Microsectors Gold Miners 3x Leveraged ETN

Direxion Daily Gold Miners Bull 2X

SPDR O&G Equip

Sprott JR Gold Miners ETF

Global X MLP

Pro Ultr GLD

Invesco Db Precious Metals ETF

Direxion Daily Jr Gold Miners Bull 2X

VanEck Oil Services ETF

iShares US Oil Equip & Svcs

SPDR Gold Shares

EFUND GOLD MI ETF

Pro Ultr Bloomberg Crude Oil

Roundhill Gold Miners Weeklypay ETF

Abrdn Gold ETF Trust

VanEck Oil Refiners ETF

ChinaAMC Gold ETF

EFUND GOLD MI-U

Us Brent Oil

Sprott GLD Miners Etf

Alerian MLP

GLOBAL X MLP & Energy Infra

EFUND GOLD MI-R

SPDR Djia

Guggenheim DJIA Ave Div

iShares Core S&P 500

VG S&P 500

iShares Core S&P 500 UCITS ETF USD (Dist)

iShares Core S&P 500 ETF USD Acc

iShares Core S&P 500 UCITS ETF

New York Times

Inflation in US accelerates after weeks of war in Iran

April's Consumer Price Index (CPI) is projected to see its largest increase since 2023, primarily driven by rising energy costs due to surging oil prices following the closure of the Strait of Hormuz. This spike is expected to elevate gasoline, diesel, and airfare prices. Persistent inflation near 3.7% may hinder interest rate cuts by the Federal Reserve, with markets anticipating no policy changes through the end of the year. Additionally, gas prices have risen 44% from last year, contributing to increased financial pressures on consumers from travel and food costs.

- Oil prices surged following the closure of the Strait of Hormuz, resulting in increased gasoline, diesel, and airfare costs, influencing April's Consumer Price Index.  
- Persistent inflation at around 3.7% may delay Federal Reserve interest rate cuts, leading markets to anticipate no policy changes through the end of the year.  
- Gas prices have risen 44% compared to last year, and escalating travel and food costs are likely to exacerbate financial pressures on consumers in the coming months.

BP p.l.c.

April CPI set for biggest rise since 2023 on energy costs

CHK Oil Limited has extended its memorandum of understanding with Aral Petroleum Capital LLP for an additional six months, now set to expire on 11 November 2026. This extension allows for further due diligence on oilfields and negotiations for potential cooperation. Although the exclusivity clause has lapsed and the agreement remains non-binding, it keeps the door open for a future formal agreement. Shareholders are advised that there is no guarantee of a binding deal. CHK Oil is focused on acquiring and developing oilfield assets in key regions.

Tip Ranks

Invesco Oil & Gas Services ETF

CHK OIL

CHK Oil Extends Aral Petroleum Cooperation Talks as Exclusivity Lapses

The Federal Reserve has released a report highlighting five key risks that threaten the stability of the U.S. financial system. According to Jin10, these risks include geopolitical tensions, oil price shocks, advancements in artificial intelligence, private credit markets, and ongoing inflation coupled with monetary tightening. The report underscores the potential impact of these factors on the financial landscape, urging stakeholders to remain vigilant in monitoring developments.

CoinLive

Federal Reserve Report Identifies Five Major Risks to U.S. Financial Stability

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Iran war energy shock drives interest in ethanol and other biofuels across hard-hit Asia

Barchart Option

E Fund CSI Modern Agriculture Theme ETF

Hwabao WP CSI All Share Agriculture, Animal Husbandry and Fishery Products ETF

WisdomTree, Inc.

First Trust Indxx Global Agri

Fullgoal CSI Agriculture Theme ETF

iShares MSCI Agriculture Producers ETF

VanEck Agribusiness ETF

Invesco DB Agriculture FD ETF

Iran war energy shock drives interest in ethanol and other biofuels across hard-hit Asia

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Yesterday's closing, CHINA OILFIELD had a trading volume of approximately HKD 57.47 million, which is considered relatively active in the oil service sector. The MACD daily line formed a golden cross above the zero axis, indicating that the previous upward trend has regained bullish momentum after consolidation, with phase buying gradually increasing. From recent trends, the stock price has maintained above the short-term moving average, showing a generally strong posture. On the news front, the energy sector has recently received strong catalysts from geopolitical factors

Technical Forecast

SINOPEC CORP

CHINA OILFIELD

Sinopec Corp.

COSL

Pre-market trend | CHINA OILFIELD (2883.HK) on May 11, the oil service sector is surging with hidden currents, is the trend likely to continue?

Iran has allowed selective passage for specific tankers, including two Iraqi supertankers, through the Strait of Hormuz due to bilateral agreements. Meanwhile, the U.S. has expanded its 'Economic Fury' campaign, imposing sanctions on IRGC-linked oil networks and freezing $344 million in cryptocurrency associated with Iran's central bank. This situation is contributing to a rapid decline in global oil inventories, exacerbated by Middle Eastern output cuts and ongoing tensions in Hormuz, leading to increased price volatility in the energy market.

Iran allows selective tanker passage through Hormuz amid sanctions push

Republican senators are expressing skepticism about President Trump's potential request for funding the Iran war, citing a lack of a clear plan to end the conflict. They warn that additional funding may not pass unless Trump seeks formal authorization. Some GOP senators have voted with Democrats to limit Trump's war-making authority, reflecting growing public pressure against the war. The situation is complicated by the ongoing conflict and rising fuel prices, leading to calls for a clearer strategy from the administration. Senators emphasize the need for answers before approving further funding.

Thehill

GOP senators warn Iran war funding faces uphill climb

China Universal CSI Oil & Gas Resources ETF(159309.SZ)

Jintai Energy amends convertible notes, cuts conversion price to HK$ 0.03

Oil production at Kazakhstan's Kashagan field reached 1.57 million tons in April, 6.6 mln tons year to date - NCOC consortium

Inflation in US accelerates after weeks of war in Iran

April CPI set for biggest rise since 2023 on energy costs

CHK Oil Extends Aral Petroleum Cooperation Talks as Exclusivity Lapses

Federal Reserve Report Identifies Five Major Risks to U.S. Financial Stability

Iran war energy shock drives interest in ethanol and other biofuels across hard-hit Asia

Pre-market trend | CHINA OILFIELD (2883.HK) on May 11, the oil service sector is surging with hidden currents, is the trend likely to continue?

Iran allows selective tanker passage through Hormuz amid sanctions push

GOP senators warn Iran war funding faces uphill climb