Oil transportation prices continue to rise, and the Petroleum ETF Penghua(159697) oil transportation sector remains buoyant.

NightAirdropper · 2026-02-26T19:28:00+00:00

Last night, VLCC Middle East to China route TCE increased by 5% to $206,000 per day, driven by higher demand due to Saudi Arabia chartering supertankers. China Merchants Securities pointed out that the concentration of the tanker industry is increasing, and the supply-demand mismatch logic remains solid, indicating strong investment value. The constituent stocks of the CSI Petroleum and Natural Gas Index showed mixed gains and losses, with Jereh Group experiencing the largest increase.

NightAirdropper

2026-02-26 19:28:00

Abstract generation in progress

Last night, the latest VLCC Middle East to China TD3C route’s TCE increased by 5% to $206,000 per day. On the news front, Saudi Arabia’s largest oil shipping company has preliminarily leased at least five super tankers. As the cost of chartering tankers soars, this move further boosts demand for these giant vessels.

CITIC Securities pointed out that the concentration of the tanker industry is clearly increasing. Coupled with structural changes in compliant oil and black oil demand, the supply and demand mismatch in the medium to long term remains solid, and the tanker sector has strong performance resilience and investment value.

As of 11:25 on February 26, 2026, the constituents of the CSI Petroleum and Natural Gas Index (399439) showed mixed gains and losses. Jereh Holdings led with a 5.54% increase, COSCO Shipping Development rose 3.80%, and Potential Energy Holdings increased 1.42%; Sinopec Oilfield Service declined 3.29%. The Penghua Petroleum ETF (159697) remains volatile, with the latest price at 1.43 yuan.

The Penghua Petroleum ETF closely tracks the CSI Petroleum and Natural Gas Index, which reflects the price changes of listed companies related to the petroleum and natural gas industry on the Shanghai and Shenzhen Stock Exchanges.

Data shows that as of January 30, 2026, the top ten holdings of the CSI Petroleum and Natural Gas Index (399439) are China National Petroleum Corporation, China National Offshore Oil Corporation, Sinopec, Jereh Holdings, Guanghui Energy, COSCO Shipping Development, COSCO Shipping Energy, Intercontinental Oil & Gas, Jiufeng Energy, and New Hope Group, accounting for a total of 66.76% of the index.

Penghua Petroleum ETF (159697), OTC links (A: 019827; C: 019828; I: 022861).

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