Oil and gas sector surges this year, doubling stocks emerge, multiple oil and gas ETFs rise nearly 40% annually!

SadMoneyMeow

2026-03-16 07:10:00

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Wallwall Finance, March 16 — Since the beginning of the year, the oil and gas sector has performed well, with many oil and gas stocks doubling in value. Tongyuan Petroleum has increased over 250% this year, Intercontinental Oil & Gas and Potential Hengxin have each risen over 130%, and COSCO Shipping Energy has gained more than 100%.

In terms of ETFs, the Bosera Oil & Gas ETF (561760), Huatai-PineBridge Oil & Gas ETF (159309), and Yinhua Oil & Gas ETF have each increased nearly 40% this year, ranking among the top performers in ETF gains. The S&P Oil & Gas ETF (513350) and the S&P Oil & Gas ETF (Harvest Fund) (159518) have each risen over 30% this year.

Goldman Sachs’ latest report has raised its Q4 2026 price forecasts for Brent and WTI crude oil from $66/$62 per barrel to $71/$67 per barrel. The bank also predicts that the duration of oil transportation disruptions in the Strait of Hormuz could be longer than previously estimated. Additionally, Goldman Sachs warns that if the blockade in the Strait of Hormuz persists until the end of March, international oil prices could surpass the peak levels seen in 2008.

(Editors: He Chong)

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