毫无疑问，该油田投产有助于增厚中国海油的收益，对公司经营业绩产生积极贡献。 长江商报奔腾新闻记者注意到，近年来，中国海油每年资本开支超过千亿元规模，积极寻找大中型油气 田、项目接续建设，助力高效增储上产。以2024年为例，这一年，中国海油的资本开支为1327亿元，多 个重点项目提前投产，全年油气净产量达726.8百万桶油当量，同比增长7.2%。 长江商报奔腾新闻记者 杨蝶 中国海油（600938）（600938.SH、00883.HK）传出利好消息。 6月9日，中国海油宣布涠洲5-3油田开发项目已投产。据悉，该项目位于南海北部湾盆地，平均水深约 35米，主要生产设施包括1座自安装井口平台，并依托周边已有设施进行开发。计划投产开发井10口， 包括7口生产井、2口注水井和1口注气井。预计2026年将实现日产约1万桶油当量的高峰产量，油品性质 为中质原油。中国海油拥有该项目51%的权益，智慧石油投资有限公司拥有49%的权益。 整体经营业绩方面，中国海油在国际油价总体呈先涨后跌走势之下成功实现逆势增长。2024年，中国海 油实现营业收入4205亿元，同比增长0.94%；归母净利润1379亿元，同比增长11.38%。 ...

Group 1: CPI Analysis - In May, the CPI decreased by 0.1% year-on-year, slightly better than the expected decline of 0.2%[2] - The core CPI increased by 0.6% year-on-year, up from 0.5% in the previous period[2] - The cumulative CPI increase for the first five months of this year is 0%, which is weaker than the 0.4% increase during the same period from 2021 to 2024[3] - Food prices showed a cumulative decrease of 0.6% year-on-year, compared to a decrease of 1% in the previous four years[3] Group 2: PPI Analysis - The PPI decreased by 3.3% year-on-year, worse than the expected decline of 3.2%[2] - The cumulative PPI decrease for the first five months of this year is -1.5%, weaker than last year's -0.5%[3] - In the first five months, the prices of production materials, particularly in the mining sector, showed significant weakness, with a cumulative decrease of 8.7% in extraction[5] - Among 32 comparable industries, only 10 showed stronger prices compared to last year, primarily in downstream manufacturing and electric heating sectors[5] Group 3: Price Trends and Influences - Energy prices decreased by 2.3% year-on-year, significantly impacting the overall CPI decline, accounting for nearly 70% of the total drop[4] - The price of gasoline fell by 3.8%, contributing to a 0.13 percentage point decrease in the CPI[7] - The proportion of CPI items experiencing price increases rose from 24% to 29%, indicating a broader inflationary trend[55] - The PPI's year-on-year decline expanded from 2.7% to 3.3%, reflecting ongoing pressures in the production sector[49]

中银证券指出，原油价格有望延续中高位，油气开采板块高景气度持续，能源央企提质增效深入推进， 分红派息政策稳健。油气上游资本开支增加，油服行业景气度修复，技术进步带动竞争力提升，海外发 展未来可期。 能源化工ETF(159981)紧密跟踪易盛郑商所能源化工指数，易盛商品指数编制方案适用于国内商品期货 交易所的所有期货品种，考虑商品期货成交及现货消费情况、市场流动性等因素编制而成，编制流程可 以分为备选商品选择、权重设定、指数计算、指数调整等四个步骤。 相关产品： 2025年6月10日，能源化工ETF(159981)盘中涨超1%，冲击3连涨。截至13:39，该基金盘中换手13.6%， 成交6623.37万元。 资金流入方面，截至6月9日，能源化工ETF(159981)近5个交易日内有4日资金净流入，合计"吸 金"3976.80万元。 华泰证券表示，需求偏弱叠加新产能投放等致化工整体价差仍偏弱，但2025年下半年伴随需求复苏及资 本开支显著降速叠加供给侧自主调整，化工周期品有望迎来复苏拐点。油价短期面临需求担忧及供给协 同趋弱压力，成本减压及需求改善或助力下游环节延续复苏态势。板块而言，油价中长期存底部支撑， 且龙 ...

Core Viewpoint - Zhongman Petroleum is accelerating its investment and expansion efforts in oil and gas production, particularly in Iraq and Kazakhstan, to enhance its production capacity and profitability [1][3][4]. Investment Projects - The company announced investments in the Iraq Middle Furat Oilfield (MF Block) and East Ba North Oilfield (EBN Block), with a total initial investment not exceeding $481 million, allocated for well restoration, drilling, and testing [1][3]. - Additionally, Zhongman Petroleum plans to invest up to $150 million in the Kazakhstan New Shore Block capacity construction project to expedite development and increase oil and gas output [3][4]. Financial Performance - In Q1 2025, Zhongman Petroleum reported revenue of 943 million yuan, a year-on-year increase of 16.9%, and a net profit of 229 million yuan, up 32.95% [2][6]. - For the full year 2024, the company achieved a revenue of 4.135 billion yuan, marking a historical high, despite a net profit decline of 10.58% [5][6]. Production Achievements - In 2024, Zhongman Petroleum produced 854,600 tons of crude oil, a year-on-year increase of 25.42%, and achieved a total oil and gas equivalent production of 1,001,700 tons, both setting new records [6]. - The company has also improved drilling efficiency, with significant achievements in various projects, including record drilling speeds [6]. Asset Growth - As of Q1 2025, Zhongman Petroleum's total assets reached 12.23 billion yuan, a historical high, reflecting a year-on-year growth of 29.79% from 9.423 billion yuan [7].

近日，中国石油煤层气公司发布数据显示，该公司煤岩气日产气量创新高，达到822万立方米，相当于 年产能30亿立方米。其中，我国首个百万吨煤岩气气田——大吉气田，近3年来产量迅速提升，较去年 同期产量翻了一番，目前具备200万吨油气当量生产能力。 "煤岩气的发现，是油气地质理论认识的突破，表明1500米以深的煤岩储层同样具有丰富的天然气资 源。"中国石油煤层气公司勘探开发研究院勘探所所长李永洲表示。 但煤岩气的开发并不容易。煤岩气地质特征的特殊性，决定了其在开发方式上注定与煤层气截然不同。 中国科学院院士张水昌形象地比喻，"开采煤岩气，就像在又松又软又碎的介质中开辟'高速公路'，通 过压裂将气体释放，还需要沿着'高速公路'将气体运出来。这从工程技术的角度来说难度很大"。 "煤岩气是一种用非常规油气的理念、非常规技术开发的非常规能源，技术含量更高。"中国石油煤层气 公司党委书记、执行董事周立宏这样概括煤岩气的开发生产。 面对"压得开、稳不住"的难题，建设者探索从"直井常规压裂"转向"水平井大规模压裂"开发技术转型， 积极构建有效渗流缝网，力争取得质的突破。2021年12月4日，吉深6-7平01投产即高产，日产超过1 ...

突发！美商务部通知暂停向中国出口乙烷！ Enterprise Products Partners 6 月 4 日表示，它收到通知，美国商务部打算拒绝其向中国出口三批拟议的 乙烷货物的请求，总计约 220 万桶。 国际替代供应有限： 中东：沙特、卡塔尔等国乙烷资源丰富，但 90% 用于本地乙烯生产，仅卡塔尔通过 LNG 协议每年向中 国出口 50 万吨，占全球贸易量不足 2%。 俄罗斯 / 加拿大：俄罗斯北极 LNG 项目伴生乙烷可出口，但运输成本较高；加拿大乙烷出口设施尚在 建设中，短期内难以形成规模。 管道和终端运营商 Enterprise 上周表示，美商务部要求其申请向中国出口许可证，这可能会损害其乙烷 和丁烷出口。该公司是美国最大的乙烷和丁烷加工商之一。 Enterprise 表示，它有长达 20 天的时间来回应 BIS 关于被拒绝出口货物的通知，并提出任何评论或反 驳。除非 BIS 在原始通知后的第 45 天之前通知公司，否则拒绝将成为最终决定。 美国上周命令大批公司停止在没有许可证的情况下向中国运送包括乙烷和丁烷在内的货物，并吊销已经 授予某些供应商的许可证。 几乎完全依赖进口！替代供应有限！ 乙烷 ...

Core Insights - The core CPI shows improvement year-on-year, while the PPI continues to expand its year-on-year decline. In May, the CPI decreased month-on-month, but the core CPI's year-on-year growth rate increased. The PPI's month-on-month decline remained stable, with a year-on-year decline expanding by 0.6 percentage points, both influenced by fluctuations in international energy prices [1][3]. CPI Analysis - In May, the CPI decreased by 0.1% year-on-year, consistent with the previous month. The core CPI recorded a year-on-year growth of 0.6%, an increase of 0.1 percentage points from last month. The CPI's year-on-year growth was affected by a tail effect contributing approximately -0.2 percentage points, while new price changes contributed about 0.1 percentage points [5][11]. - Food prices fell by 0.4% year-on-year, with fresh fruits, pork, and seafood prices rising, collectively impacting the CPI by 0.21 percentage points. Conversely, fresh vegetables and egg prices decreased, affecting the CPI by -0.19 percentage points. Non-food prices remained stable compared to last month [5][8]. - Energy prices decreased by 6.1% year-on-year, with a decline of 1.7% month-on-month, impacting the CPI's year-on-year decline by approximately 0.47 percentage points. However, some sectors showed positive price changes, such as gold jewelry and household textiles, which increased by 40.1% and 1.9%, respectively [5][8]. PPI Analysis - The PPI's year-on-year decline recorded -3.3% in May, with the decline expanding by 0.6 percentage points from the previous month. The tail effect contributed approximately -1.8 percentage points, while new price changes contributed about -1.5 percentage points. The production materials price decreased by -4.0% year-on-year, while the living materials price decreased by -1.4% [11][13]. - Major industries such as coal mining (-18.2%), oil and gas extraction (-17.3%), and kerosene processing (-14.7%) experienced significant price declines. However, prices in sectors like washing machine manufacturing and automobile manufacturing saw a reduction in their decline rates compared to last month [11][13]. - The PPI's month-on-month decline remained at 0.4%, with production materials prices decreasing by 0.6%. The oil and gas extraction industry saw a price drop of 5.6%, while refined petroleum products and chemical industries also experienced declines [13].

Group 1: CPI and Core CPI Trends - In May, the CPI decreased by 0.1% year-on-year, maintaining the same decline as the previous month[10] - The core CPI year-on-year growth rate recorded 0.6%, an increase of 0.1 percentage points from last month[10] - The CPI month-on-month growth rate turned negative at -0.2%, a decrease of 0.3 percentage points from the previous month[10] Group 2: Energy Prices Impact - Energy prices fell by 1.7% month-on-month and decreased by 6.1% year-on-year, contributing approximately 0.13 and 0.47 percentage points to the CPI decline, respectively[10] - The oil and gas extraction industry saw prices drop by 5.6%, while refined petroleum product manufacturing prices fell by 3.5%[28] - The coal mining industry experienced a price decline of 3.0%, with coal processing prices down by 1.1%[28] Group 3: PPI Trends - The PPI year-on-year growth rate recorded -3.3%, with a decline of 0.6 percentage points compared to last month[24] - The PPI month-on-month decline remained at -0.4%, consistent with the previous month[26] - Production material prices decreased by 4.0% year-on-year, while living material prices saw a decline of 1.4%[24] Group 4: Consumer Demand and Price Changes - Consumer demand showed marginal improvement, with seven major categories of prices rising, except for transportation and communication, which fell by 4.3%[10] - Food prices decreased by 0.4% year-on-year, with fresh vegetables and eggs contributing to the decline[17] - Hotel accommodation and tourism prices increased by 4.6% and 0.8%, respectively, exceeding seasonal levels[20]

Group 1 - QianNeng HengXin's Weizhou 5-3 oilfield development project officially commenced production on June 6, 2025, with plans to deploy 10 development wells, and the first well has successfully completed drilling and is now connected to the production pipeline [1] - ShenTong Technology's shareholders plan to reduce their holdings by up to 3% of the company's shares, totaling approximately 12.88 million shares, due to personal funding needs [2] - HengRun Co., Ltd. announced that its major shareholders plan to reduce their holdings by a total of up to 1.89% of the company's shares, with specific reductions from individual shareholders [2] Group 2 - ZhongKe Soft's shareholder plans to reduce their holdings by up to 2% of the company's shares, totaling approximately 16.62 million shares, for research needs [3] - HuaShu GaoKe's major shareholder intends to reduce their holdings by up to 2.2% of the company's shares, totaling approximately 911.17 thousand shares, due to personal funding needs [5] - OuJing Technology's major shareholder plans to reduce their holdings by up to 3% of the company's shares, totaling approximately 577.22 thousand shares, for operational needs [7] Group 3 - MinDong Electric's major shareholder plans to reduce their holdings by up to 1% of the company's shares, totaling approximately 4.58 million shares, for operational needs [8] - ZhongYing Electronics announced that its controlling shareholder is planning a change in control, leading to a temporary suspension of trading [9] - RuoYuChen's major shareholder plans to reduce their holdings by up to 3% of the company's shares, totaling approximately 476.81 thousand shares, for personal financial planning [11] Group 4 - JianKeYuan's major shareholder plans to reduce their holdings by up to 1% of the company's shares, totaling approximately 146.66 thousand shares, due to personal funding needs [12] - DeLe Co., Ltd. announced that its major shareholder plans to reduce their holdings by up to 1.99% of the company's shares, totaling approximately 300 thousand shares, for personal funding needs [12] - PuLian Software's executives plan to reduce their holdings by up to 0.7% of the company's shares, totaling approximately 195.75 thousand shares, due to personal funding needs [13] Group 5 - JinDan Technology's shareholder plans to reduce their holdings by up to 2.93% of the company's shares, totaling approximately 563.5 thousand shares, for operational development needs [13] - YiSheng Co., Ltd. reported sales revenue of 174 million yuan from white feather broiler chicks in May, with a year-on-year increase in sales quantity but a decrease in revenue [14] - LongShen RongFa's subsidiary received a laboratory accreditation certificate from CNAS, valid until May 29, 2031 [15]

Group 1 - The U.S. aerospace industry association states that the U.S. tariff policy will harm the U.S. civil aviation industry, with Federal Reserve officials indicating that the tariff policy may lead to persistently high inflation rates [1][1] - The Mexican industry association claims that the U.S. tariff policy disrupts the stability of the North American automotive supply chain [1][1] Group 2 - The China Export-Import Bank has issued 460 billion yuan in loans to the foreign trade sector in the first five months [1]