11月23日，如何看待沙特的稀土野心登上了热榜。那么，究竟发生了什么呢？11月19日，美国稀土公司MP Materials和美国国防部联手沙特阿拉伯的矿业公 司，决定在沙特建立一座现代化的稀土精炼厂。提到沙特，我们首先想到的往往是石油。 沙特的经济几乎完全依赖石油。它是世界上最大的石油出口国之一，石油收入占到国家总收入的约75%。根据最新的数据，我国的中石化和中石油紧随其 后。 沙特的富裕几乎完全与石油挂钩。沙特最大的石油公司沙特阿美，是全球石油行业的领导者之一。 然而，除了石油，沙特近年来还在推动经济多元化。它不仅在开采黄金和矿石等矿产资源，旅游业也逐渐发展，尤其是宗教旅游（去麦加朝圣）。现在，沙 特还鼓励普通游客访问，并已推出电子签证，吸引更多的游客。 尽管沙特大部分地区是沙漠，但它也有一些绿洲，种植椰枣、橄榄等作物，并大规模发展乳品养殖。 沙特在可再生能源方面也在加快步伐，太阳能和风能项目正在快速发展，计划在2030年前实现本地生产大部分设备。 乍一看，这个决定似乎有些不合逻辑，但其实是经过多方考虑的结果。首先，沙特在稀土领域几乎是零基础。美国的MP Materials（美国唯一还在运营的稀 土矿和加工 ...

Group 1 - Hong Kong's Hang Seng Index rose by 1.42%, gaining 358 points to close at 25,578 points, while the Hang Seng Tech Index increased by 1.65% [1] - Alibaba-W (09988) surged over 4%, with its Qianwen App surpassing 10 million downloads in its first week of public testing [1] - Sinopharm (01801) rose over 3%, with plans to officially go blue starting December 8 [1] - Hengrui Medicine (01276) increased by over 5%, as nine drugs including SHR-9839 received approval for clinical trials [1] - Beijing Automotive (01958) gained over 3%, planning to sell 51% of its stake in Beiqi International for approximately 1.608 billion yuan to accelerate its international strategy [1] - WeRide (00800) jumped over 6%, having obtained Switzerland's first pure driverless license, with Q3 earnings report upcoming [1] - Rusal (00486) saw an intraday increase of over 4%, announcing plans to cease operations at the Krymni silicon plant by 2026 [1] - GAC Group (02238) surged over 12%, with its all-solid-state battery pilot production line officially completed and put into production [1] - Sino Biopharmaceutical-B (02591) rose over 20%, being included in the Hang Seng Composite Index effective December 8 [1] - 3SBio (01530) increased by over 4%, planning to spin off its subsidiary Mandi International for independent listing [1] Group 2 - Oil stocks continued to decline, with CNOOC (00883) dropping by 2.4% amid easing tensions in the Russia-Ukraine situation [2] - Semiconductor stocks faced significant declines, with Hua Hong Semiconductor (01347) falling over 9% and SMIC (00981) down over 5%, as reports indicated the Trump administration is considering approving exports of Nvidia's H200 AI chips to China [2] - Ganfeng Lithium (01772) dropped over 7%, facing potential downward risks in lithium spot prices, leading Goldman Sachs to downgrade the company to a "sell" rating [2]

Core Insights - Indian oil companies have announced a halt in purchasing Russian crude oil, indicating a trend of "de-Russification" in oil procurement. Similar moves are observed in China, which is also diversifying its sources of crude oil [2][4] - The freight rates for Very Large Crude Carriers (VLCCs) have surged significantly due to increased demand from India and China for oil from other producing countries, amidst tightening sanctions on Russia by the U.S. [2][4] - As of November 13, the World Scale (WS) index for freight rates reached approximately 132, with charter rates rising to $125,000 per day, doubling from around 65 in late August [2] Group 1: Market Dynamics - The freight rates for VLCCs exceeded $100,000 for the first time since April 2020, driven by U.S. sanctions against major Russian oil companies, Rosneft and Lukoil, aimed at undermining Russia's military funding amid stalled ceasefire negotiations with Ukraine [4] - The demand for VLCCs has intensified as India increases its oil purchases from other countries, leading to a tight supply situation in the regular market for large oil tankers [4][5] Group 2: Geopolitical Influences - The ongoing U.S.-China trade tensions are also impacting shipping costs, with the U.S. imposing port fees on Chinese vessels since mid-October, prompting China to retaliate with similar measures [6] - A recent agreement between U.S. and Chinese leaders to postpone the port fee measures for a year may lead to increased U.S. crude exports to China, which could positively affect the tanker market despite potential price corrections [6] - The sentiment in the shipping market remains strong, with limited new VLCC orders expected, further tightening supply and maintaining high freight rates [6]

大赛首日进行了采油工安全和理论考试，钻完井工和采油工共计开展了六个现场实操项目，包括穿 戴呼吸器、更换顶驱冲管盘根、保养导管固井插入工具等。赛场上，选手们动作精准熟练、配合默契， 充分展现了扎实的专业功底与高效的团队协作能力。 在20日的大赛闭幕仪式上，中国驻巴士拉总领事陈培忠表示，今年是中伊建立战略伙伴关系10周 年，也是伊拉克加入共建"一带一路"倡议10周年。10年以来，两国关系健康稳定发展，各领域合作稳步 推进，取得了积极成果。本次技能大赛正是在共建"一带一路"倡议的宏伟蓝图下，中伊两国深化务实合 获奖部分员工与嘉宾合影。人民网伊纳斯·易卜拉欣 摄 伊拉克石油部培训与发展局副局长默罕默德·卡里姆表示，工匠是企业和社会的财富，技能大赛给 了技术人员展示和交流的平台，也为伊方开展人才培养提供了启发。 中伊员工携手合作。中海石油伊拉克有限公司供图 技能大赛进行中。中海石油伊拉克有限公司供图 人民网迪拜11月22日电 （记者管克江）由中海石油伊拉克有限公司举办的米桑油田第一届"融合 杯"职业技能大赛18日至20日举行。来自中海油服、海油发展、渤海钻探及伊拉克钻井公司的百余名选 手同台竞技。 技能大赛进行中。人民 ...

Core Viewpoint - The article discusses the evolving dynamics of oil consumption and production, highlighting that while oil reserves are substantial, the rate of consumption is decreasing due to the rise of renewable energy sources. The predictions of oil depletion are increasingly seen as inaccurate as technology advances and energy transitions occur. Group 1: Oil Consumption and Production Dynamics - Global oil consumption is approximately 5 billion tons annually, equating to about 13.69 million tons per day, enough to fuel 150 million cars for over six months [1] - The notion of oil depletion has been a recurring theme since 1914, yet technological advancements have continually expanded the potential for oil extraction [3][5] - The introduction of hydraulic fracturing technology has significantly reduced extraction costs, allowing the U.S. to transition from a major oil importer to an exporter, increasing global oil availability by 10% [9] - Deep-sea drilling advancements have also contributed to increased oil reserves, with deep-sea oil fields expected to add 5 billion barrels of reserves in 2025 alone [11] Group 2: Shifts in Energy Consumption - The speed of oil consumption is slowing, with predictions indicating that global oil demand will peak by 2030 and subsequently decline [35] - In China, the consumption of refined oil is projected to decrease by 2.4% in 2024, marking the first significant decline, attributed to the rise of new energy vehicles [18] - The industrial sector is also transitioning away from oil, with many factories replacing diesel with electricity and natural gas, leading to a reduction of 50 million tons of oil consumption in the steel industry alone [20] Group 3: Future of Oil in Energy Structure - By 2050, oil's share in the global energy mix is expected to drop from 30% to below 10%, with its primary use shifting towards chemical production rather than as a fuel source [38] - The development of bio-based alternatives for plastics and chemicals may further diminish the role of oil, as advancements in renewable energy technologies continue [40] - The transition to clean energy is anticipated to enhance energy security and reduce environmental pollution, leading to a more sustainable future [46][50]

Core Viewpoint - The article discusses the implementation of a new methodology for voluntary greenhouse gas emission reduction projects in the context of low gas recovery from onshore oil fields, aiming to enhance methane recovery, reduce carbon emissions, and promote the green transition of the oil extraction industry in China [4][5]. Summary by Sections Background - The methodology was jointly issued by the Ministry of Ecology and Environment and the National Energy Administration on November 21, 2025, to encourage broader industry participation in greenhouse gas emission reduction [4]. Principles of Methodology - **Scientific Principle**: The emission reduction mechanism must be scientifically sound and comply with industry technical standards [7]. - **Operability Principle**: The methodology should simplify monitoring parameters while ensuring data is verifiable and traceable [9]. - **Conservativeness Principle**: Emission reductions should be conservatively estimated to avoid overestimation [10]. - **Sustainable Development Principle**: Projects must align with sustainable development goals and not negatively impact the environment or socio-economic development [11]. Applicable Conditions - The methodology applies to low gas recovery projects from onshore oil fields, requiring specific conditions such as a processing capacity of at least 30,000 Nm³/d and compliance with national laws and industry policies [14][15]. Project Duration and Baseline Scenario - The project duration for emission reduction claims can last up to 10 years, with a baseline scenario established for comparison [17]. Additionality Demonstration - The projects face challenges such as complex gas composition, remote locations, and high investment costs, which necessitate additionality proof for the emission reduction claims [19][20]. Emission Reduction Calculation - Emission reductions are calculated based on the replacement of newly extracted natural gas with recovered gas, considering various emission sources [21][22]. Data Management Requirements - A robust data management system must be established, including monitoring, recording, and cross-verifying data, with a retention period of at least 10 years for all project-related data [25]. Verification and Public Oversight - Verification of emission reductions will be conducted by designated institutions, with monitoring data made publicly available through local ecological departments [27][30].

Core Viewpoint - The article discusses the implementation of a new methodology for voluntary greenhouse gas emission reduction projects related to the recovery and utilization of associated gas from offshore oil fields, aimed at promoting industry-wide participation in emission reduction efforts [4]. Background - The methodology was jointly issued by the Ministry of Ecology and Environment and the National Energy Administration on November 21, 2025, and is effective from the date of issuance [4]. - Associated gas, primarily composed of methane, ethane, propane, butane, pentane, and heavier hydrocarbons, is produced alongside oil extraction. The recovery and utilization of this gas can reduce carbon dioxide emissions, improve energy efficiency, and enhance the supply of clean energy, contributing positively to the green and low-carbon transformation of China's offshore oil industry [6]. Main Content 1. Applicable Conditions - The methodology applies to projects recovering associated gas from offshore oil fields for the production of natural gas, liquefied natural gas, compressed natural gas, and liquefied petroleum gas [12]. - Projects must have no existing pipeline connections between production facilities and land prior to approval [12]. - Monitoring data must be connected to the national carbon market management platform [12]. 2. Project Accounting Period - The accounting period for projects is defined as the time frame for which emission reductions are recorded, with a maximum duration of 10 years [16]. 3. Additionality Evidence - Projects face high construction and operational costs due to the offshore distance and dispersed sources of associated gas, which presents investment risks. Projects meeting the applicable conditions are exempt from additionality proof [20]. 4. Emission Reduction Calculation Method - Emission reductions are calculated based on the replacement of newly extracted natural gas with recovered associated gas, avoiding emissions from burning newly extracted gas [23]. 5. Data Management Requirements - Project owners must establish data management systems to ensure data quality and monitoring, with designated personnel responsible for data collection and verification [28]. - Measurement devices must be calibrated annually and maintained within their validity period [29]. - All data and information from the project design and implementation phases must be retained for at least 10 years after the final emission reduction registration [31]. 6. Approval and Verification Points - Verification institutions should refer to the methodology for applicable conditions, project boundaries, monitoring plans, and parameters during project approval and emission reduction verification [39]. 7. Public Supervision Channels - Monitoring data will be publicly accessible through the official websites of provincial and municipal ecological environment departments, allowing for public and media oversight [40].

一是稳如泰山的欧美市场，美洲贡献42.8%营收，欧洲占26.6%，两大板块支撑起70%业绩；二是服务业务爆发，2025财年服务收入达1091亿美元，毛利率高 达75%，App Store、Apple Music等订阅服务成为利润引擎。 相对而言，沙特阿美也陷入了油价的下行泥潭，其2025年的布伦特原油均价都将跌至63美元/桶，加上全球的需求疲软，其本就已经超1000万桶的原油日产 量都将难以将利润空间挣得更大一些。 全球企业利润榜首迎来一场惊天逆转。2025年10月底，苹果公司公布财报，全年净利润高达1120亿美元（约8000亿人民币），相当于每天净赚22亿元，直接 反超长期霸榜的石油巨头沙特阿美。 沙特阿美受国际油价下跌拖累，全年利润预计缩水至1000-1050亿美元，这是它首次跌下神坛。苹果的利润规模已达阿里巴巴的6倍，甚至超过中国工商银行 和建设银行利润的总和，成为全球最赚钱的企业。 以其两大"印钞机"为依托，苹果的逆袭就更具可持续性了。其一就是持续的技术创新能力,如其近期的5G的布局、自主的芯片的研发等;其二就是其在全球的 经销网络的广泛的覆盖,如其近期与中国的合作等,都使其能更好的把握全球的消费市场 ...

新华社香港11月20日电 香港恒生指数20日涨4.92点，涨幅0.02%，收报25835.57点。全日主板成交 2451.36亿港元。 香港本地股方面，长实集团涨1.48%，收报39.88港元；新鸿基地产跌0.6%，收报98.75港元；恒基 地产涨0.54%，收报29.72港元。 中资金融股方面，中国银行涨1.93%，收报4.75港元；建设银行涨1.11%，收报8.22港元；工商银行 涨1.24%，收报6.53港元；中国平安涨0.09%，收报58.25港元；中国人寿涨0.82%，收报26.9港元。 石油石化股方面，中国石油化工股份跌0.22%，收报4.56港元；中国石油股份跌0.33%，收报9港 元；中国海洋石油跌0.45%，收报21.96港元。 国企指数跌7.7点，收报9143.34点，跌幅0.08%。恒生科技指数跌32.31点，收报5574.59点，跌幅 0.58%。 蓝筹股方面，腾讯控股跌0.24%，收报621港元；香港交易所涨0.29%，收报417.6港元；中国移动涨 0.17%，收报86.5港元；汇丰控股跌0.19%，收报107.6港元。 ...

Group 1 - The company Sunshine Oil Sands (02012) announced plans to acquire 80% equity interest in Ideal Harbor Limited from CEF IV Holdings Limited for HKD 8 million, with the transaction expected to be completed by November 20, 2025 [1] - Ideal Harbor Limited is registered in Hong Kong and primarily engages in investment holding, directly owning 5.18% of Phononic Inc., a high-tech company based in North Carolina, USA, specializing in advanced solid-state thermal management technology [1] - Phononic Inc. has developed semiconductor devices and integrated chips with proprietary technology, serving various industries including data center infrastructure, optical communications, cold chain logistics, and healthcare, with major clients such as NVIDIA and Sam's Club [1] Group 2 - The acquisition is expected to provide the company with new business opportunities and facilitate closer collaboration with Phononic Inc. in areas such as AI, data centers, and large server cooling systems [2] - The company aims to transform its single business operation model in oil extraction towards a technology-driven approach, gradually increasing investment in R&D for technology products and services [2]