Geopolitical Factors Create Multiple Uncertainties in International Crude Oil Price Trends

Sinopec issued an announcement on March 3, 2026, stating that its A-share stock price had experienced abnormal trading volatility. Over three consecutive trading days (February 27, March 2, and March 3), the cumulative deviation of its closing price increase exceeded 20%. While confirming normal production and operations, the company highlighted that international crude oil price trends are being impacted by multiple factors, including geopolitics, creating significant uncertainties. The announcement serves as a response to market volatility and a risk warning to investors, noting that these oil market risks directly affect the core business and profitability of the petroleum giant.