On March 4, 2026, China's three major state-owned oil companies—Sinopec, CNOOC, and PetroChina—issued consecutive announcements regarding unusual stock price movements. The notices stated that recent international crude oil markets have been affected by multiple factors, including geopolitical tensions, leading to uncertainty in international oil price trends and intensified short-term price volatility. This series of announcements directly reflects the immediate impact of geopolitical risks on the core enterprises of China's fossil fuel industry and signals market concerns about the future trajectory of oil prices.