Oil ETF Penghua Rises Over 1.1%, US Strikes on Houthis May Lead to Continued or Escalating Conflicts

GateUser-bd883c58 · 2026-03-19T00:40:40+00:00

US President Trump stated that he has carried out strikes on Iran's Kharg Island and may continue with further attacks. China International Capital Corporation noted that Saudi pipeline loading volumes have increased, Red Sea export capacity has improved, and VLCC freight rates remain elevated. The China Securities Oil and Natural Gas Index rose, with related ETFs performing well, demonstrating market optimism toward the oil and natural gas sector.

GateUser-bd883c58

2026-03-19 00:40:40

Abstract generation in progress

In the news, U.S. President Trump on March 14 said that the U.S. strike on Iran’s Halek Island “completely destroyed” most of the island, but “we might hit it a few more times just for fun.”

CICC pointed out that the loading volume of the Saudi East-West pipeline has increased to 2.9 million barrels per day. The Red Sea Yanbu port’s alternative export capacity is rapidly improving, but route risk premiums still support high VLCC freight rates. In the longer term, global commercial and strategic inventories may be significantly reduced. Under energy security drives, countries’ replenishment needs are expected to create transportation growth on an annual basis, contrary to the overcapacity caused by inventory buildup after the 2020 oil price war.

As of 09:41 on March 16, 2026, the China Securities Petroleum and Natural Gas Index (399439) surged 1.12%, with Haimo Technology up 9.17%, Intercontinental Oil & Gas up 6.55%, Hesong Petroleum up 5.84%, and stocks like Taishan Petroleum and Zhongman Petroleum also rising. The Penghua Petroleum ETF (159697) increased by 1.11%, with the latest price at 1.55 yuan.

The Penghua Petroleum ETF closely tracks the China Securities Petroleum and Natural Gas Index, which reflects the stock 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 February 27, 2026, the top ten holdings of the China Securities Petroleum and Natural Gas Index (399439) are China National Petroleum Corporation, China National Offshore Oil Corporation, Sinopec, Jereh Group, COSCO Shipping, China COSCO Energy, Guanghui Energy, Intercontinental Oil & Gas, Jiufeng Energy, and XinAo Holdings, which together account for 67.92% of the total weight.

The Penghua Petroleum ETF (159697) is an over-the-counter linked product (A: 019827; C: 019828; I: 022861).

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes