HK Stock Market Move | "Three Barrels of Oil" rise collectively as Middle East tensions fluctuate and oil prices climb; institutions say the strategic position of the three oil giants is becoming more prominent.

The "three barrels of oil" rose collectively. As of press time, PETROCHINA (00857) gained 3.61% to HK$9.75; SINOPEC CORP (00386) rose 2.03% to HK$4.515; CNOOC (00883) climbed 1.71% to HK$23.8. On the news front, international oil prices surged sharply this morning, with both Brent crude and WTI crude posting intraday gains of more than 1%. U.S. President Trump said on the 27th that he expects the U.S. and Iran to restart negotiations within the next week. However, he also said he has "been thinking about" whether to resume military strikes against Iran. Iranian Foreign Minister Araghchi said Iran is prepared to resume hostilities with the U.S. but has not yet abandoned diplomatic engagement. EB SECURITIES believes that geopolitical conflicts highlight the value of energy security, and the strategic position of the three oil giants is becoming more prominent. Currently, China's dependence on foreign oil and natural gas remains relatively high, geopolitical conflicts threaten the security of global energy supply chains, and the task of safeguarding China's oil and gas security remains arduous. In 2026H1, the domestic oil and gas equivalent production of PetroChina, China Petroleum & Chemical Corporation, and CNOOC Limited rose 1.0%, 0.7%, and 3.3% year-on-year, respectively. The "three barrels of oil" have stepped up efficient exploration and profitable development, achieving remarkable results in stabilizing and increasing production, making their own resources a cornerstone for safeguarding national security.