本次电话会议仅服务于国泰捐赠券正式签约客户会议音频及文字记录的内容仅供国泰捐赠券客户内部学习使用不得外发并且必须经国泰捐赠券研究所审核后方可留存国泰捐赠券未授权任何媒体转发此次电话会议相关内容未经允许和授权 转载转发均属侵权国泰均安证券将保留追究其法律责任的权利国泰均安证券不承担因转载转发引起的任何损失及责任市场有风险投资需谨慎提请广大投资者谨慎做出投资决策 大家好欢迎参加中共国际线上交流目前所有的参会者均处于定义状态演讲结束后将给大家留有提问时间现在有请主持人开始发言谢谢各位同志各位朋友下午好我是国军建筑韩庆成今天下午我们非常荣幸再次邀请到我们的老朋友中共国际的瑞总跟我们就中共国际就出海就一带一路等做一个深入的交流会议分为三个环节我介绍一下观点在后面是瑞总把中共国际所介绍在后面是问答环节 整个大家研究日本失去了三十年有三种股票涨得特别好一种是特殊创新一种是高谷期一种是出海所谓不出海即出局中央国际其实是中国的企业中国建筑企业在海外最早的先进者之一然后也是在海外获取了很多的经验具有很多经验优势今天我们很荣幸请到中央国际给我们就海外的经营 就国内的一些那样的业务和大家的一个深入交流我们对当下的建设的观点是保持一个 ...

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World Energy Investment 2024 INTERNATIONAL ENERGY AGENCY The IEA examines the full spectrum of energy IEA member countries: Spain issues including oil, gas and coal supply and Australia Sweden demand, renewable energy technologies, Austria Switzerland electricity markets, energy efficiency, access to energy, demand side management and much Belgium Republic of Türkiye more. Through its work, the IEA advocates Canada United Kingdom policies that will enhance the reliability, Czech Republic United States affor ...

COP28 Tripling Renewable Capacity Pledge Tracking countries’ ambitions and identifying policies to bridge the gap INTERNATIONAL ENERGY AGENCY The IEA examines the IEA member IEA association full spectrum countries: countries: of energy issues including oil, gas and Australia Argentina coal supply and Austria Brazil demand, renewable Belgium China energy technologies, Canada Egypt electricity markets, Czech Republic India ...

本次电话会议仅服务于国泰金安证券正式签约客户会议音频及文字记录的内容仅供国泰金安证券客户内部学习使用不得外发并且必须经国泰金安证券研究所审核后方可留存国泰金安证券未授权任何媒体转发此次电话会议相关内容未经允许和授权 转载转发均属侵权国泰金安证券将保留追究其法律责任的权利国泰金安证券不承担因转载转发引起的任何损失及责任市场有风险投资需谨慎提请广大投资者谨慎做出投资决策 大家好欢迎参加中钢国际线上交流目前所有的参会者均处于静音状态在演讲结束后将给大家留有提问时间现在有请主持人开始发言谢谢好的各位投资者大家下午好我是国泰圈建筑研究员郭浩然然后我们今天非常荣幸的邀请到了中钢国际的董事会秘书袁总和中钢国际的董事会办公室主任西总参加本次的电话会议 那本次第二会议是分为三个部分第一部分是国军建筑的首席韩一诚老师对建筑的观点做一个介绍第二部分是中央国际的公司领导对公司的近况做一个更新第三部分是问答环节首先有请韩老师谢谢好的谢谢浩然感谢袁总和齐总本周国军建筑团队邀请了19家公司做线上线下的中期策略会交流本场很荣幸请到袁总和齐总 当下的话三个趋势是最大的趋势一个是这个科技创新7月份三中全会也是以现代服务业新生生产力作为改革的一个 ...

高盛：石油评论：A上调2025年供应但下调需求 ...

郭先生大家好今天就由我来介绍一下关于宏观策略部分那因为我们马上11点的时候呢可能我这边会专门就是就是有一个专场就是就这个下半年的这个展望这个宏观策略这块的有一个专场的一个汇报对具体的一些 更更详细的一些信息呢我会在那里就跟大家做一个分享和汇报那我这里呢就是会就是先就主要讲一讲我们这些核心的要点和观点吧我们觉得就要具体的细节之后再展开那我们整体看呢对于全球下半年的看法呢我们觉得就是就你也就你可以其实可以看到我们的标题就是顺周期交易我们认为整个下半年啊其实还是转一个就是全球来看 都是一个整体它的这个景气都都是一个向上的对吧你全球事情整体向上你你整个海外呢他都是一个酷周期的你像中国这块来说的话也是可能是 内需开始它的支持增强然后外需呢可能一定程度上可以授意整个海外的这个景气度回升所以你从哪个角度来看的话整个全球大方向当然是一个景气度回升的一个方向这个是我们首先需要把握的那具体像外需这块呢就得益于 这是一个还是整个全球需求的一个改善内需这块来看的话呢相关的比如说一些地产的这个政策推出财政货币的这个增强都是可以也看得到的那整个海外流动性这块的我们的一个判断叫做顶中有松顶中有松的这么一个格局 那首先景在哪里呢景是体现在整 ...

Latvia 2024 Energy Policy Review INTERNATIONAL ENERGY AGENCY The IEA examines the IEA member IEA association full spectrum countries: countries: of energy issues including oil, gas and Australia Argentina coal supply and Austria Brazil demand, renewable Belgium China energy technologies, Canada Egypt electricity markets, Czech Republic India energy efficiency, access to energy, Denmark Indonesia demand side Estonia Kenya management and Finland Morocco much more. Through France Senegal its work, the IEA Germ ...

Investment Rating - The report does not explicitly state an investment rating for the oil industry, but it highlights significant shifts and challenges that could impact investment strategies moving forward [4][10]. Core Insights - Global oil markets are facing structural shifts that will reshape demand and trade flows, with a projected plateau in oil demand towards the end of the decade [10][15]. - The rise of non-OECD economies, particularly China and India, will dominate oil demand growth, while advanced economies are expected to see a decline [17][46]. - The transition to clean energy technologies and increased efficiency measures are expected to significantly curb oil demand growth, particularly in road transport and electricity generation [15][38]. Summary by Sections Demand - Global oil demand is forecasted to plateau at around 106 mb/d by the end of the decade, with a net increase of 3.2 mb/d from 2023 to 2030 [15][26]. - Demand growth will be primarily driven by non-OECD Asian economies, especially India and China, while OECD demand is projected to decline from 45.7 mb/d in 2023 to 42.7 mb/d by 2030 [17][46]. - The shift towards petrochemicals will account for a significant portion of demand growth, with naphtha and LPG/ethane consumption expected to rise by 3.7 mb/d over the forecast period [15][44]. Supply - World oil production capacity is expected to increase by 6 mb/d to nearly 113.8 mb/d by 2030, surpassing projected global demand of 105.4 mb/d [12][19]. - Non-OECD producers will lead the capacity build, accounting for 76% of the net increase, with the United States contributing significantly [19][20]. - Saudi Arabia has shifted its focus from increasing crude oil capacity to boosting domestic gas supply, reflecting a changing strategy in response to market conditions [10][18]. Investment and Exploration - Global upstream capital expenditures rose by 13% to USD 538 billion in 2023, with expectations for a further 7% increase in the following year [20]. - The report indicates a front-loaded build in oil production capacity that may lose momentum towards the end of the forecast period, creating potential challenges for producers [10][12]. Refining and Trade - Global refining capacity is projected to rise by 3.3 mb/d from 2023 to 2030, but this increase will not keep pace with the demand for refined products [21][22]. - The global oil trade is expected to shift eastward, driven by Asia's growing structural shortfall in crude and product supply [23][25]. Government Policies - Government policies are increasingly supporting the growth of biofuels, with a steady demand for ethanol feedstock expected [21][22]. - The report emphasizes the need for refiners to adapt to changing demand patterns, particularly as non-refined products capture a significant share of projected demand growth [21][22].

Slowing demand growth and surging supply put global oil markets on course for major surplus this decade IEA 12 June 2024 New IEA medium-term outlook sees comfortably supplied oil markets to 2030, though unwavering focus on energy security will remain crucial as powerful forces transform sector Growth in the world’s demand for oil is expected to slow in the coming years as energy transitions advance. At the same time, global oil production is set to ramp up, easing market strains and pushing spare capacity t ...