Thomas Hilboldt, head of oil, gas and petrochemical research, Asia-Pacific, at HSBC tells CNBC's "Cash Flow" his top picks for the China oil and gas space.» Read More
Stocks ended mixed and the S&P 500 failed to close at a new record for the second straight session. "We started out a little weak, and then we had a nice little rally, but the buyers were already in and there was no place for stocks to go but down," said Tom Schrader, head of listed trading at Stifel Nicolaus. "It's indicative of the late stages of a bull market."
Shares in PetroChina, Asia's largest oil and gas producer, surged as much as 12% on Friday after it unveiled one of the world's biggest oil finds this decade.
Top Asian oil refiner Sinopec beat forecasts with a more than two-fold jump in quarterly earnings as falling oil prices helped its refining arm turn around, and it flagged a 50% surge in first-half profit.
The week in Asia kicks off with an anniversary, an election and PANDA-monium.