Group 1 - The Hong Kong stock market saw declines in the "three oil giants," with China National Petroleum Corporation and CNOOC both dropping over 4%, and Sinopec falling nearly 2% [1][2] - Oil prices in Asia fell, influenced by ample supply, despite concerns that the political turmoil in Venezuela could disrupt oil transportation [1] - Brent crude oil prices approached $60 per barrel, while WTI neared $57 per barrel [1] Group 2 - Analysts indicated that the global oil supply is sufficient, suggesting that further disruptions in Venezuelan exports would not have a direct impact on prices [1] - Reports from Reuters cited two sources familiar with the operations of Venezuela's state oil company PDVSA, stating that the U.S. operation to capture Maduro did not damage Venezuela's oil production and refining sectors [1]

Group 1 - The three major oil companies in China experienced a collective decline in stock prices [1] - PetroChina (00857.HK) fell by 3.99%, trading at HKD 8.18 [1] - CNOOC (00883.HK) decreased by 3.2%, with a current price of HKD 21.16 [1] - Sinopec (00386.HK) dropped by 1.28%, now priced at HKD 4.64 [1]

Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec) has officially completed the acquisition of a stake in Beijing Shihua Smart Technology Co., Ltd. (referred to as "Shihua Smart") [1] Group 1: Company Overview - Shihua Smart is established by Sinopec's subsidiaries including Jingwei Company, Geological Exploration Institute, Geophysical Exploration Institute, and Capital Company [1] - The company focuses on the research and application of distributed fiber optic monitoring and intelligent petroleum engineering technology [1] Group 2: Business Focus - Shihua Smart aims to provide integrated and one-stop solutions for customers utilizing distributed fiber optic technology [1]

Core Viewpoint - The collective decline of China's three major oil companies is influenced by geopolitical events in Venezuela, where the U.S. has initiated military action and plans significant investment in the country's oil infrastructure, despite ongoing sanctions [1] Group 1: Company Performance - PetroChina (00857) saw a decline of 3.99%, trading at HKD 8.18 [1] - CNOOC (00883) dropped by 3.2%, with shares at HKD 21.16 [1] - Sinopec (00386) fell by 1.28%, priced at HKD 4.64 [1] Group 2: Geopolitical Impact - The U.S. military action against Venezuela includes the capture of President Maduro, which has implications for the oil market [1] - Trump announced that U.S. oil companies will invest billions to repair Venezuela's damaged oil infrastructure, aiming to restore production and generate revenue [1] - Despite the investment, the U.S. oil embargo on Venezuela remains fully in effect [1] Group 3: Market Outlook - Venezuela holds the largest proven oil reserves globally, yet its current production is below 1 million barrels per day, accounting for less than 1% of global oil output [1] - Goldman Sachs suggests that any recovery in production will be gradual and localized due to the deteriorated state of infrastructure [1] - A sustained increase in Venezuelan oil production, along with rising output from the U.S. and Russia, could heighten the risk of declining oil prices post-2027 [1]

Group 1 - The three major oil companies in China experienced collective declines, with PetroChina (00857) down 3.99% to HKD 8.18, CNOOC (00883) down 3.2% to HKD 21.16, and Sinopec (00386) down 1.28% to HKD 4.64 [1] - The U.S. has launched military action against Venezuela, capturing President Maduro, and plans for major U.S. oil companies to invest billions to repair Venezuela's severely damaged oil infrastructure [1] - Venezuela possesses the largest proven oil reserves globally, but its current oil production is less than 1 million barrels per day, accounting for less than 1% of global oil output [1] Group 2 - Goldman Sachs believes that any recovery in Venezuela's oil production will be "gradual and localized" due to the extent of infrastructure degradation [1] - A sustained increase in Venezuela's oil production, combined with growth from the U.S. and Russia, could heighten the risk of declining oil prices in 2027 and beyond [1]

Core Viewpoint - Sinopec's South China Company has raised the listing price of xylene by 100-150 yuan/ton to 5800 yuan/ton, indicating a tight supply and strong demand in the spot market, which is favorable for spot prices [1][4]. Group 1: Price Adjustment - The new listing prices for xylene are as follows: Guangzhou Petrochemical, Maoming Petrochemical, and Zhongke Refining all execute at 5800 yuan/ton [1][4]. - The price increase reflects a broader trend of tightening supply in the market, which is expected to support higher prices [2][5]. Group 2: Market Implications - The price adjustment is likely to boost bullish sentiment in the futures market, particularly for PX futures, which have a settlement price of 7190 yuan/ton for contract 2609 [2][5]. - The increase in xylene prices may lead to a positive outlook for related commodities, as the market responds to the supply-demand dynamics [2][5]. Group 3: Pricing Mechanism - The pricing mechanism used by the business community is based on big data and a pricing model, which generates a benchmark price for transactions [2][5]. - The pricing formula includes an adjustment coefficient (K) and a premium/discount (C) that accounts for logistics costs, brand price differences, and regional price differences [3][6].

Group 1 - The State Intellectual Property Office of China has granted a patent to China Petroleum & Chemical Corporation and Sinopec Engineering Group Co., Ltd. for a technology related to a dual backflow jet-enhanced premixed liquid hydrocarbon desulfurization reactor, with the patent announcement number CN116272825B and application date of February 2023 [1] - China Petroleum & Chemical Corporation, established in 2000 and based in Beijing, primarily engages in oil and gas extraction, with a registered capital of approximately 12.17 billion RMB. The company has invested in 267 enterprises, participated in 5,000 bidding projects, holds 45 trademark registrations, and has 5,000 patents, along with 41 administrative licenses [1] - Sinopec Engineering Group Co., Ltd., founded in 2007 and also located in Beijing, focuses on water management, with a registered capital of approximately 441.85 million RMB. The company has invested in 12 enterprises, participated in 73 bidding projects, holds 5,000 patents, and has 4 administrative licenses [1]

Group 1 - The core point of the article is that China Petroleum & Chemical Corporation (Sinopec) has obtained a patent for a hydrogenation treatment catalyst and its preparation method and application, with the patent announcement number CN117654614B and an application date of August 2022 [1] Group 2 - China Petroleum & Chemical Corporation was established in 2000 and is based in Beijing, primarily engaged in oil and gas extraction, with a registered capital of 12,173,968.9893 million RMB [1] - The company has invested in 267 enterprises, participated in 5,000 bidding projects, holds 45 trademark registrations, and has 5,000 patent records, along with 41 administrative licenses [1] Group 3 - Sinopec (Dalian) Petrochemical Research Institute Co., Ltd. was established in 2022 and is located in Dalian, focusing on research and experimental development, with a registered capital of 338,459.08 million RMB [1] - The research institute has invested in 1 enterprise, participated in 2,796 bidding projects, holds 5,000 patent records, and has 65 administrative licenses [1]

Core Insights - China Petroleum & Chemical Corporation (Sinopec) has obtained a patent for a "High-Pressure Hydrogenation Device and Its Functional Exchanger," with the authorization announcement number CN116838563B, applied for in March 2022 [1] Company Overview - China Petroleum & Chemical Corporation, established in 2000 and located in Beijing, primarily engages in oil and gas extraction, with a registered capital of approximately 12.17 billion RMB [1] - The company has invested in 267 enterprises, participated in 5,000 bidding projects, holds 45 trademark registrations, and possesses 5,000 patent records, along with 41 administrative licenses [1] Research Institute Overview - Sinopec (Dalian) Petrochemical Research Institute Co., Ltd., established in 2022 and located in Dalian, focuses on research and experimental development, with a registered capital of approximately 338.46 million RMB [1] - The institute has invested in 1 enterprise, participated in 2,796 bidding projects, holds 5,000 patent records, and has 65 administrative licenses [1]

Group 1 - The State Intellectual Property Office of China has granted a patent to Sinopec for "Modified ZSM-22 Molecular Sieve and Its Preparation Method and Application in Isomerization Dewaxing," with the announcement number CN117682532B and an application date of August 2022 [1] - Sinopec, established in 2000 and headquartered in Beijing, primarily engages in oil and gas extraction, with a registered capital of approximately 12.17 billion RMB [1] - Sinopec has invested in 267 companies, participated in 5,000 bidding projects, holds 45 trademark registrations, and possesses 5,000 patent records, along with 41 administrative licenses [1] Group 2 - Sinopec (Dalian) Petrochemical Research Institute, founded in 2022 and located in Dalian, focuses on research and experimental development, with a registered capital of approximately 338.46 million RMB [1] - The Dalian Research Institute has invested in 1 company, participated in 2,796 bidding projects, holds 5,000 patent records, and has 65 administrative licenses [1]