Core Insights - The article highlights that U.S. oil production reached a record high in March, despite a subsequent decline in oil prices [1] Production Data - U.S. liquid fuel production rose to 20.8 million barrels per day in March, marking a 3.1% increase from the previous month [1] - This figure includes both crude oil and liquefied natural gas, but is approximately 180,000 barrels lower than the four-week average for March [1] Future Projections - The Energy Information Administration (EIA) forecasts that U.S. crude oil production will reach 20.4 million barrels per day by the end of this year [1] - The record production levels may decline in the coming months due to falling oil prices prompting exploration companies to reduce drilling activity in major shale formations [1]

地址：北京市朝阳区朝阳门外大街甲 6 号万通中心 D 座 20 层（100020） 总机：010-8535 6666 冠通每日交易策略 制作日期：2025 年 5 月 30 日 热点品种 碳酸锂： 今日碳酸锂开盘后高位震荡，收盘价 59883.02 元/吨，涨幅 1.35%。SMM 电池级 碳酸锂指数价格 60901 元/吨，环比上一工作日下跌 332 元/吨；电池级碳酸锂 5.94-6.2 万元/吨，均价 6.07 万元/吨，环比上一工作日下跌 200 元/吨；工业 级碳酸锂 5.86-5.96 万元/吨，均价 5.91 万元/吨，环比上一工作日下跌 200 元 /吨，碳酸锂现货成交价格重心持续下移。供给端短期碳酸锂供需维持过剩格局 延续，五月份天气转暖盐湖端开工率将季节性提高，预计国内盐湖产量将逐步抬 升，中期供应减弱，据 Mysteel，近期江西某锂盐企业预计 6 月停产检修 1 个厂， 检修时长 4 个月，预计每月影响碳酸锂月产量约 1500 吨，供给预计下降，缓解 供应压力。需求端中美关税政策变化，在关税豁免 90 天内，利好储能电池出口 预期，缓冲碳酸锂需求疲软的情况，但难以改变产业现状。库存端即 ...

消息称欧佩克+或超预期增产 金十数据5月30日讯，消息人士称，欧佩克+ 可能在周六的会议上讨论7月份将石油产量提高超过41.1万 桶/日的方案。 ...

投资咨询业务资格 沪证监许可[2015]84 号 商品日报 20250530 联系人 李婷、黄蕾、高慧、王工建、赵凯熙 电子邮箱 jytzzx@jyqh.com.cn 电话 021-68555105 主要品种观点 宏观：特朗普关税暂时恢复，六月市场风险将加剧 海外方面，美国上诉法院允许特朗普关税政策暂时继续生效，要求政府于 6 月 9 日前回 应；白宫官员对诉讼前景信心十足，即便败诉亦有替代路径，并称关税谈判同步推进中；特 朗普上任后首次会晤鲍威尔，施压降息未果，鲍威尔坚持政策独立性。美国一季度 GDP 增 速小幅上修至-0.2%，而初请失业金人数显示就业市场有所走弱。美国 Q2 经济基本面韧劲 尚在，但六月市场波动将加剧，聚焦关税的外部谈判与内部法律博弈、美债可持续性引发的 财政担忧，以及特朗普减税法案在参议院的推进。 国内方面，在美国贸易法庭叫停特朗普关税下，国内风险资产反弹，北证 50、科创板 块、小微盘涨幅超 2%，软件、生物科技板块领涨，两市成交额回升至 1.2 万亿，而债市承 压回调，10Y、30Y 国债利率升至 1.68%、1.93%。短期内国内经济基本面延续平稳，边际变 化不大，市场关注重心仍 ...

Core Insights - The company has exceeded its crude oil production target by 1,844 tons in the first four months of the year, while reducing the operating cost per ton of oil by 135 yuan and decreasing high-risk operations by 25.8% compared to the previous year [1][4] Group 1: Production and Cost Efficiency - The management area has set an annual production target increase of 2,500 tons while aiming to reduce cost indicators by 30% [1] - The implementation of the strategy "transforming methods, adjusting structure, improving quality, and increasing efficiency" has led to a significant reduction in the number of operational wells, with only 13 operational wells in the first four months, a decrease of 58.8% year-on-year [4] Group 2: Innovative Development Strategies - The company has adopted a "three not equal to" philosophy, which has shifted the focus from traditional high-cost production methods to a more efficient and precise energy utilization strategy [2] - The introduction of a full lifecycle development system and innovative "zone energy increase" model has transformed previously low-efficiency areas into high-yield zones, with the addition of 7 new energy-increasing wells in the B509 block, resulting in an annual oil increase of 1,165 tons [3] Group 3: Safety and Risk Management - The company has restructured its high-risk operation management chain, implementing a "four determinations and one early" mechanism, which has shortened the average construction cycle by 18.1% [4] - The use of non-welding wellhead connection technology has reduced single well construction time by 6 hours and decreased the exposure risk time for workers by 60% [4]

Core Viewpoint - The introduction of the "Measurement Steward" service model by the Shengli Oilfield Technical Testing Center aims to streamline measurement and testing processes, significantly improving efficiency and reducing costs for oil extraction operations [1][2]. Group 1: Service Model Overview - The "Measurement Steward" model is characterized by a "1+N" service approach, which includes overall contracting of measurement testing services and additional value-added services such as information management, equipment maintenance, and personnel training [1][2]. - The model was first piloted with the Dongxin Oil Production Plant in August 2024, integrating scattered measurement tasks into a comprehensive solution [2]. Group 2: Operational Efficiency and Cost Reduction - The volume of measurement testing orders surged from 1,700 in 2023 to 6,900 in 2024, indicating a nearly threefold increase, which has led to significant manpower consumption in repetitive tasks [1]. - The implementation of the "Measurement Steward" model has resulted in a 15% reduction in equipment maintenance costs and over 200,000 yuan savings in testing fees for the Dongxin Oil Production Plant [2]. Group 3: Future Developments - The Technical Testing Center plans to enhance the "Measurement Steward" model by incorporating technologies such as image recognition and data collection, aiming for intelligent measurement management and deeper integration with reservoir management [3].

本报5月29日讯(大众新闻记者顾松通讯员冷晓燕朱立娟)近日，胜利油田孤东采油管理一区利用数字档 案系统分析研判，采取卡封上层、砂封下层简化层段等举措，让GO8-25-12井日产油由0.6吨提升至4.6 吨。 3月份以来，采油管理一区深度挖掘档案资源价值，创新建立"数据活化-动态分析-精准调控"工作机 制，精准指导135次注采调配，让管理区日产量从744吨攀升至760吨，含水率下降0.2个百分点，探索出 老油田高效开发新路径。 技术人员针对GO8-19X2016井含水异常问题，通过调取近五年注采曲线、对比周边6口水井流线数据， 精准锁定GO4-19N153水井为主要来水通道。实施降配注措施后，该井含水率下降7.59%，日增油0.6 吨，单井采收率提升8%。 在GO7-29XN226井区，档案数据的深度挖掘同样带来惊喜。技术团队重新梳理历史勘探资料，结合新 式测井解释技术，发现该区块存在未动用储量；通过对比历年注采曲线，诊断出储层堵塞和流线失衡问 题，创新实施"油井试挤+水井脉冲注入"组合工艺措施，日产液量提升11.5吨，含水下降2.7%。 事实上，信息化发展让沉睡的数据精准服务油藏经营水平提档升级。管理区技术团 ...

金十数据整理：每日美股市场要闻速递（5月29日，周四） 重要新闻 1. 美国第一季度实际GDP年化季率修正值录得-0.2%，初值为-0.3%。 2. 美国至5月24日当周初请失业金人数 24万人，预期23万人，前值由22.7万人修正为22.6万人。 3. 现货黄金站上3310美元/盎司，白宫国家经济委员会主任哈塞特表示，法官关于关税的裁决将被推 翻。 个股新闻 1. 英伟达(NVDA.O)2026财年Q1营收441亿美元，去年同期260.44亿美元，市场预期431.55亿美元。 2. 丰田汽车(TM.N)公布数据显示，4月仅母公司销售的全球汽车销量同比增长10%，达876,864辆汽车。 3. 惠普(HPQ.N)美股盘前跌超8%，公司下调了年度利润预期。 10. Moderna(MRNA.O)：H5禽流感疫苗第一/二期临床试验显示初步积极结果，将探索H5项目后期开发 和制造的替代方案，美国卫生与公众服务部将终止公司用于疫情前流感疫苗后期开发的资助。 4. 谷歌(GOOG.O)在印度官方在线谷歌商店推出直接面向消费者的Pixel设备销售。 5. 马斯克预告：6月将首次交付自动驾驶的Model Y车型。 6. 百 ...

Investment Rating - The report maintains an "Overweight" rating for the oil and gas sector, specifically for the "Big Three" oil companies and oil service sector [5]. Core Viewpoints - The long-term outlook for oil prices remains optimistic due to improving supply-demand dynamics and ongoing geopolitical risks that provide price support [1]. - The "Big Three" oil companies in China are expected to increase their oil and gas equivalent production by 1.6%, 1.3%, and 5.9% respectively by 2025, with significant growth in natural gas production [2]. - The downstream sector is accelerating its transformation towards new materials and clean energy, with major companies investing in high-value products and energy supply networks [3]. - The report suggests focusing on undervalued, high-dividend, and well-performing companies in the oil and gas sector, as well as those benefiting from domestic substitution trends in materials [4]. Summary by Sections Oil and Gas Sector - Oil prices are supported by geopolitical tensions and a slowdown in U.S. shale oil production, with IEA projecting increases in U.S. crude supply of 440,000 barrels per day in 2025 and 180,000 barrels per day in 2026 [1]. - The "Big Three" oil companies are responding to national calls for increased reserves and production, with specific growth targets set for oil and gas equivalent production [2]. Downstream Transformation - Companies are enhancing their refining and sales operations, transitioning to comprehensive energy suppliers, and investing in electric vehicle infrastructure [3]. Investment Recommendations - The report recommends focusing on the "Big Three" oil companies, oil service firms, and companies in the materials sector that are poised to benefit from domestic substitution trends [4].

雪佛龙通知，在美国页岩油产地二叠纪盆地裁员将近800人。 ...