在大庆油田杏南油田，已发现的致密油储层分布稳定性差、非均质性强、流动机制复杂、开采难度大。 经过多年探索，大庆油田的技术人员以"有效动用"为目标，按照"分类评价、分类开发"的思路，加强油 藏采油一体化设计，实现致密油效益开发。技术人员采用属性分析、储层反演、含油气检测等技术，通 过寻找甜点，取得了可喜的成果。 致密油区块情况复杂，地处偏远。为更高效地对致密油区块进行开发，大庆油田的技术人员还建立了生 产现场一体化模式。即将科研生产、工程技术、地面地下等要素相融合，实现生产组织管理无缝衔接， 提高现场管理效率。在这种模式下，勘探与开发、工程与地质、地面与地下、经济与技术、管理与监督 有机结合，"多兵种"协同发力，产生"立体效应"。 持续有益的探索，让致密油越来越成为杏南油田可持续发展最现实的重要接替资源之一，也为大庆油田 破解致密油效益开发课题增加了一把钥匙。 什么是致密油？致密油是致密储层油的简称，是一种非常规石油资源。长垣两侧凹陷之中，也就是俗称 的外围，和长垣老区大而厚的构造油藏相比，这里因岩性油藏低而薄，效益增储受到质疑。这部分先 天"营养不良"的资源中，有一类更为"贫瘠"，渗透率低于一个毫达西，相当于 ...

旧管线拆下来后，新管线的安装同样是个精细活儿。3人合力调整位置，确保对接严丝合缝。 "焊口再检查一遍，别留隐患。"焊完后，李绍红又拿着手电，一寸一寸地检查焊缝质量。 傍晚时分，试压开始，压力表指针缓缓上升。等待片刻后，压力依旧稳定，他们才松了口气。"这下妥 了，压裂施工可以顺利进行了。"李绍红说。 作业区紧邻输油干线，机械进不来，挖沟全靠人工。王建新和同事阮进雷挥动铁锹，一铲一铲地挖着管 沟。李绍红也没闲着，一边清理旧管线上的保温层，一边检查腐蚀情况。 "哎呀，这儿还渗着油呢!"阮进雷突然喊了一嗓子。原来，旧管线的一处腐蚀点正在缓缓渗漏，泥水混 合着原油，在管沟里积了一小滩。 "先别动火!把渗漏点处理干净再说。"李绍红赶紧招呼王建新把油污清理干净，又用防爆工具小心拆卸 旧管线。 中午的太阳越来越毒，管沟里闷热得像蒸笼，3人的工服早早就湿透了。"这旧管子真是'千疮百孔'，切 的时候小心点，别崩出火星子。"李绍红拿着割炬，一点点地切割腐蚀管段，王建新在旁边拿着灭火器 随时待命。 "班长，这管子可经不起压裂折腾了!你看这儿，都快锈穿了。"5月5日一大早，中原油田地面工程抢维 修中心濮城维修工区员工王建新指着51-侧 ...

Group 1: Economic Developments - The high-level economic talks between China and the US reached important consensus and made substantial progress, agreeing to establish a China-US economic consultation mechanism, with a joint statement to be released on May 12 [2] - From January to April, China's national railway completed fixed asset investment of 194.7 billion yuan, a year-on-year increase of 5.3%, contributing positively to economic recovery [2] - In April, the retail sales of passenger cars in China reached 1.755 million units, a year-on-year increase of 14.5%, marking a historical high for April retail sales [2] Group 2: Company Announcements - Ningde Times announced plans to issue 117.9 million H-shares on the Hong Kong Stock Exchange, with a maximum issue price of 263 HKD per share, expected to start trading on May 20 [2] - Wanxiang Qianchao intends to acquire 100% equity of WAC, with the transaction scheme currently under negotiation [5] - Guizhou Tire's controlling shareholder plans to increase its stake in the company by 50 million to 100 million yuan [5] Group 3: Market Movements - This week, 28 companies in the A-share market will have a total of 1.066 billion shares released from lock-up, with a total market value of 18.63 billion yuan based on the latest closing price [2] - The top three companies by market value for the released shares are Guojin Securities, Qiangrui Technology, and Jiangsu Huachen, with values of 4.166 billion yuan, 3.243 billion yuan, and 2.644 billion yuan respectively [2]

Core Viewpoints - The impact of tariffs on PPI is significant, while improved consumer demand provides substantial support for core CPI [4][5][47] - International oil prices have declined, and weak demand for steel and coal has led to a drop in commodity prices, negatively affecting PPI [4][10] - The "old-for-new" policy has stimulated demand for certain goods, leading to a slight increase in core CPI despite the overall decline [5][48] Inflation Data Summary - On May 10, the National Bureau of Statistics released April inflation data: CPI year-on-year at -0.1%, previous value -0.1%, expected -0.2%; PPI year-on-year at -2.7%, previous value -2.5%, expected -2.8% [3][46] - April PPI decreased by 0.4% month-on-month, with a year-on-year decline of 2.7%, slightly better than market expectations [10][30] PPI Analysis - The decline in PPI is attributed to falling international oil prices, which have led to a decrease in domestic oil prices, negatively impacting sectors like oil extraction and processing [4][10] - The real estate sector's downturn and seasonal factors have contributed to reduced demand for steel and coal, further dragging down PPI [4][10] - The low capacity utilization in downstream industries, exacerbated by increased tariffs, has also constrained PPI recovery [13][47] CPI Analysis - Core CPI showed a limited decline, primarily due to the "old-for-new" policy, which has stimulated demand and led to price increases in certain consumer goods [5][48] - Food CPI improved by 1.2 percentage points year-on-year to -0.2%, driven by seasonal supply constraints and reduced imports [20][34] - Gold price increases have supported other goods and services prices, contributing positively to overall CPI [22][48] Service Sector Insights - The core service CPI increased by 0.44% month-on-month, slightly better than seasonal trends, driven by a rebound in travel demand [6][25][49] - Significant price increases were observed in travel-related services, such as airfare and vehicle rentals, reflecting improved consumer activity [25][49] Future Outlook - The impact of tariffs on PPI is expected to be greater than on CPI, with potential downward pressure on both indices in the second quarter [7][27] - However, policies aimed at boosting consumption and domestic demand may provide support for inflation recovery [7][27]

Core Viewpoints - The impact of tariffs on PPI is significant, while improved consumer demand provides substantial support for core CPI [2][3][45] - International oil prices have declined, and weak demand for steel and coal has led to a drop in commodity prices, negatively affecting PPI [2][45] - The "old-for-new" policy has stimulated demand for core goods, resulting in a limited impact of tariffs on core CPI [3][46] Inflation Data Summary - In April, CPI decreased by 0.1% year-on-year, remaining flat compared to the previous month, while PPI fell by 2.7% year-on-year [1][8][44] - The decline in PPI is attributed to falling international oil prices and weak demand in the real estate sector, with PPI dropping 0.4% month-on-month [2][8][45] - Core CPI showed a minor decline of 0.1 percentage points to 0.1%, indicating resilience in consumer demand despite tariff impacts [3][46] Food and Service CPI Analysis - Food CPI improved significantly, rising 1.2 percentage points to -0.2% year-on-year, driven by reduced supply of fresh vegetables and fruits [3][18][32] - Core service CPI increased by 0.3% month-on-month, supported by a rebound in travel demand, with notable price increases in airfares and transportation rentals [4][23][47] - The overall service CPI remained stable compared to the previous month, reflecting seasonal trends [4][48] Future Outlook - The impact of tariffs on PPI is expected to be greater than on CPI, with potential downward pressure on both indices in the second quarter [4][25][47] - The central government's emphasis on stabilizing employment and expanding domestic demand may provide support for inflation recovery [4][25][48] - PPI is projected to decline by 2.9% year-on-year in the second quarter, while CPI may also face downward risks [4][25][47]

智通财经5月10日电，美国至5月9日当周石油钻井总数474口。 ...

美国至5月9日当周石油钻井总数 474口，前值479口。 ...

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - The UK and the US have reached an agreement on tariff trade terms, with the UK reducing tariffs on US goods from 5.1% to 1.8%, while the US maintains a 10% uniform tariff on UK imports. The EU plans to sue the US at the WTO and impose countermeasures on $950 billion worth of US imports [1]. - The market risk sentiment has improved due to the potential first tariff trade agreement. However, concerns remain about the escalation of tariff scale and geopolitical conflicts [1][20]. - The central bank's monetary policy adjustments, such as reserve requirement ratio cuts and interest rate cuts, are expected to support the market and maintain a loose liquidity environment [10][11]. 3. Summary by Relevant Catalogs a. Key Varieties - **Alumina**: The night session of Shanghai aluminum rose 0.46%. Overseas, Trump's tariff stance is inconsistent; domestically, the monetary environment is loosening. Alumina prices are falling, and future supply and demand are expected to be loose. Short - term Shanghai aluminum may be weak and volatile [2][24]. - **Crude Oil**: SC night session rose 1.71%. US crude inventories decreased last week. Some US producers may cut spending, and US oil production may have peaked. Short - term oil prices are expected to decline, but low prices may provide room for US sanctions on Venezuela and Iran [3][12]. - **Shipping**: EC opened low and rebounded, with the 06 contract down 3.64%. Shipping rates in May are mostly stable or slightly decreased. The supply of European routes is in excess due to the spill - over of US route capacity. The market is expected to remain volatile in the short term [4][35]. b. Main News on the Day - **International News**: US initial jobless claims last week decreased more than expected, indicating a stable labor market despite increasing tariff risks [5]. - **Domestic News**: The Ministry of Commerce's press conference highlighted China's foreign trade resilience. China is firm on tariff issues, opposes unilateralism, and promotes multilateral cooperation [6]. - **Industry News**: The National Development and Reform Commission will promote the implementation of the Private Enterprise Promotion Law by breaking barriers, expanding space, and optimizing services [7]. c. Overseas Daily Earnings - The S&P 500, European STOXX 50, and FTSE China A50 futures all rose. The US dollar index increased, ICE Brent crude oil rose, while London gold and LME metals mostly fell [8]. d. Morning Comments on Main Varieties - **Financial**: - **Stock Index**: US stock indexes rose. A - shares also increased due to central bank policies. Short - term stock indexes may show a trend, and a wide - straddle option buying strategy is recommended [10]. - **Treasury Bond**: Treasury bonds generally rose. The central bank's open - market operations and policy adjustments have loosened market liquidity. The focus is on the progress of tariff negotiations [11]. - **Energy and Chemicals**: - **Methanol**: Methanol night session rose 0.14%. The开工 rate of coal - to - olefin plants increased, and coastal methanol inventories decreased. Short - term methanol is expected to be bullish [13][14]. - **Rubber**: RU slightly declined. Domestic and Thai rubber production is expected to increase. Affected by US tariff policies, rubber prices are expected to be weak and volatile [15]. - **Polyolefins**: Polyolefin prices were weak. Consumption has peaked, but cost fluctuations provide some support. Attention is paid to the implementation of stimulus policies [16]. - **Glass and Soda Ash**: Glass futures were weak, and soda ash futures fluctuated. Both are in a period of inventory digestion, and the process will take time [17]. - **PTA**: PTA prices are under pressure due to weak demand and limited cost support [18]. - **Ethylene Glycol**: Ethylene glycol is facing pressure due to rising port inventories and limited downstream demand improvement [19]. - **Metals**: - **Precious Metals**: Gold and silver prices declined. The potential trade agreement has improved risk sentiment, but geopolitical conflicts and central bank gold purchases support gold prices. Gold may continue to be strong and consolidate [20][21]. - **Copper**: Copper prices rose at night. Low processing fees and stable domestic demand support copper prices. Copper prices may fluctuate widely in the short term [22]. - **Zinc**: Zinc prices rose at night. Domestic demand is stable, and the market expects an increase in supply. Zinc prices may fluctuate widely in the short term [23]. - **Nickel**: Nickel prices rose slightly. Tight nickel ore supply in Indonesia and downstream procurement demand support nickel prices, but stainless steel demand is average. Nickel prices may fluctuate within a range [25]. - **Lithium Carbonate**: Supply decreased slightly, demand increased in March, and inventory increased. Upstream mine prices are weakening, and lithium prices may decline further [26][27]. - **Black Metals**: - **Iron Ore**: Iron ore demand is supported by steel mill复产, but the supply is expected to increase in the second half of the year. It may be supported in the short term and weak in the medium term [28]. - **Steel**: Steel supply is increasing slightly, and inventory is decreasing. Demand is expected to weaken due to the rainy season and overseas tariffs. Steel prices may be weak and volatile [29]. - **Coking Coal**: Coking coal prices were weak, affected by coke prices and increasing supply [30]. - **Coke**: Coke prices were weak, with the failure of the second - round price increase and the expected price cut. It is affected by steel demand [31]. - **Agricultural Products**: - **Corn/Corn Starch**: Corn may correct in the short term. Supply is tight at high prices, and there are concerns about import reserve auctions. It should be treated cautiously bullish [32]. - **Cotton**: US cotton prices are volatile due to economic uncertainties. Zhengzhou cotton is also fluctuating, and the market is waiting for new demand channels [33]. - **Shipping Index**: The European container shipping market is expected to remain volatile in the short term due to supply - demand imbalances and tariff policies [35].

"如果把勘探比作捕鱼，区带勘探就像用渔网在较大范围内捕捞，而滚动勘探则像在特定的鱼群活跃水 域垂钓。"海洋采油厂科研所油气勘探主任师武群虎说。 截至5月7日，中石化胜利油田海洋采油厂储量产量齐头并进——原油超产6000吨，2口探井油层钻遇率 100%；投产新井4口，日增油285吨。这得益于勘探开采技术的"再加码"。今年胜利油田向海图强，专 门出台20条措施，进一步提高储量产量，推动海上油田高质量发展更上一层楼。 海上油田实现更高质量发展，储量是基础。胜利油田通过成熟区域、空白领域和中深层等三个层面找 油，重点突出河道砂、浊积岩、复杂断块、滩坝砂及潜山5个含油区带描述预测，实现找到油、找好 油。胜利油田部署探井30口以上，在"十五五"期间拟培育1至2个千万吨级储量阵地，新增探明储量2000 万吨。 胜利海上油田锁定埕岛油田探明储量边界外的"垂钓区"精细查找潜力，部署实施滚评井。截至目前，部 署实施滚评井2口，新建产能2万吨。 聚焦垦东地区等"捕捞区"，技术人员按照多层系兼探原则，开展全层系增储潜力评价和井位部署论证， 先后实施2口探井。其中，垦东斜93井钻遇油层3层共12米，增加地质储量100万吨。 针对这些问 ...

消息人士：墨西哥国家石油公司（PEMEX）一直在计划在墨西哥湾进行一项大规模的二次采油项目。 ...