Rising oil prices are driving increased investment in upstream activities, and oil service companies are receiving large orders one after another.

In recent times, international oil prices have been continuously rising, and the A-share oilfield equipment sector has performed well, with companies like Tongyuan Petroleum, Zhun Oil and Gas, and Kelai Stocks seeing continuous increases in stock prices. Among them, Kelai Stocks from the Beijing Stock Exchange has seen its stock price increase by over 57% in the past three trading days. "Affected by geopolitical factors, international oil prices have returned to above $70 per barrel." According to a person in charge at Haimei Technology, as long as oil prices are supported, global oil exploration companies will continue to invest, and the increase in capital expenditure on oil and gas projects may bring more business opportunities to oilfield service companies. It has been reported that overseas oil companies have increased their demand, and domestic oilfield service companies have also continuously received large orders. With expectations of international oil prices running at high levels, it is likely that the participation of oilfield equipment companies in important segments of the industry chain will continue to increase.