Economic Insights - The U.S. unemployment rate rose by 0.1 percentage points to 4.2% in July, with non-farm payrolls underperforming expectations, leading to increased Fed rate cut expectations[14] - New Zealand's unemployment rate is projected to rise to 5.3% in Q2 2025, up from 5.1% in Q1 2025, indicating ongoing labor market pressures[15] - The IMF forecasts a 3.2% economic growth for the Middle East and North Africa in 2025, with non-oil economic activities in the Gulf Cooperation Council (GCC) contributing significantly[16][17] Trade and Tariffs - The U.S.-South Korea trade agreement includes a 15% tariff on South Korean goods, with South Korea committing to invest $350 billion in the U.S.[9] - South Africa may face export losses of $2.3 billion due to U.S. tariffs, with automotive exports to the U.S. plummeting by 82% in the first half of 2025[34][35] Financial Developments - Moody's upgraded Turkey's sovereign credit rating from B1 to Ba3, reflecting improved macroeconomic policies and a decrease in inflation from 75% in May 2024 to approximately 35% in July 2025[48] - The UAE's banking sector investments reached 774.3 billion AED (approximately $211 billion) by April 2025, marking a 16.2% year-on-year increase[18] Regional Economic Performance - The Philippines' GDP grew by 5.5% in Q2 2025, driven by a 7% increase in agricultural output, indicating a recovery from previous climate impacts[22] - Algeria's trade deficit reached $2.07 billion in Q1 2025, with oil and gas exports constituting 90% of total exports, highlighting vulnerabilities in export diversification[43][44]

Group 1 - The discovery of 1500 tons of gold in Liaoning marks a significant breakthrough in China's gold exploration, positioning it among the world's top gold mines [1][2][13] - This discovery enhances China's economic security and its status in the global mineral resource landscape, shifting from a passive consumer to an active player with increased pricing power [2][4] Group 2 - The Chinese government has invested nearly 450 billion yuan in geological exploration during the 14th Five-Year Plan, leading to significant discoveries across various mineral sectors, including oil and gas [2][4] - The emergence of a new "Asia Lithium Belt" across multiple provinces supports the growth of China's new energy industry, while breakthroughs in helium extraction technology reduce reliance on imports [4][11] Group 3 - Advanced drilling technologies have enabled significant discoveries, with China's deep drilling record reaching 4006.17 meters, showcasing the country's technological advancements in mineral exploration [6][11] - The increase in mineral resources, including oil, natural gas, and strategic minerals, strengthens China's economic resilience against global market fluctuations [7][8] Group 4 - The discovery of high-purity quartz, essential for high-tech industries, reflects China's shift towards innovative and efficient mineral exploration strategies [11][13] - The narrative of China transitioning from a resource-poor nation to a strong exploration power highlights the importance of technological prowess and sustained efforts in resource management [13]

Core Viewpoint - The article discusses the decline of the US dollar's dominance in global trade and the rise of "de-dollarization" as countries seek alternatives to reduce reliance on the dollar [4][12]. Group 1: Historical Context - The US dollar became the world's dominant currency after World War II, backed by gold under the Bretton Woods system [1]. - The dollar's link to oil transactions solidified its status, as oil sales were required to be conducted in dollars, creating a strong dependency on the currency [3]. Group 2: Global Trends in De-dollarization - Countries in South America, such as Brazil and Argentina, are increasingly opting for local currencies in trade with China, reducing the need for dollar transactions [6][9]. - European countries, including France, have begun using the yuan for energy transactions, indicating a shift away from dollar reliance [7][9]. - ASEAN nations are also promoting local currency settlements, which could significantly reduce costs and risks associated with dollar transactions [10]. Group 3: Middle East Dynamics - The traditional "petrodollar" system is under threat as countries like Saudi Arabia and the UAE explore transactions in currencies other than the dollar, particularly with China [10][12]. - The BRICS nations are leading the charge in establishing alternative payment systems independent of US control, with over half of their trade now conducted in local currencies [12]. Group 4: Economic Implications for the US - The US national debt has reached approximately $37 trillion, with significant annual interest payments that exceed the GDP of many countries [12][15]. - The trend of countries reducing their holdings of US debt in favor of gold or other assets poses a risk to the dollar's status as the world's reserve currency [12][13]. Group 5: Future Outlook - While the yuan's share in global payments is currently low, the trend towards de-dollarization suggests a gradual shift towards a more diversified international monetary system [13]. - The ongoing competition for currency dominance will impact global trade dynamics and economic security for nations, potentially leading to a more equitable financial landscape [15].

Core Viewpoint - The monitoring of market prices for 50 important production materials across nine categories shows a mixed trend, with 8 products experiencing price increases, while 40 products saw price declines, and 2 remained stable in early September 2025 compared to late August 2025 [2]. Group 1: Price Changes in Major Categories - In the black metal category, prices for rebar, wire rod, and ordinary plates decreased by 1.3%, 1.6%, and 0.7% respectively, with rebar priced at 3175.0 yuan per ton [4]. - In the non-ferrous metal category, electrolytic copper increased by 1.0% to 80030.0 yuan per ton, while aluminum ingots decreased by 0.3% to 20686.3 yuan per ton [4]. - Chemical products showed varied results, with caustic soda increasing by 1.5% to 909.7 yuan per ton, while pure benzene and styrene saw declines of 2.5% and 3.1% respectively [4]. Group 2: Energy and Coal Prices - In the petroleum and natural gas sector, liquefied petroleum gas (LPG) increased by 1.6% to 4503.7 yuan per ton, while gasoline prices decreased by 0.6% for 95 and 0.7% for 92 grades [4]. - Coal prices also experienced declines, with ordinary mixed coal dropping by 5.5% to 526.6 yuan per ton, and Shanxi premium mixed coal decreasing by 2.0% to 687.5 yuan per ton [4]. Group 3: Agricultural Products and Inputs - In agricultural products, the price of yellow corn decreased by 0.1% to 2299.7 yuan per ton, while cotton prices fell by 0.2% to 14720.2 yuan per ton [5]. - Fertilizer prices showed a decline, with urea dropping by 1.3% to 1736.4 yuan per ton, while pesticide prices increased by 0.7% to 27275.0 yuan per ton [5]. Group 4: Monitoring Methodology - The monitoring of market prices includes data from over 2000 wholesalers, agents, and distributors across more than 300 trading markets in 31 provinces [8]. - The price monitoring methods involve on-site price collection, telephone inquiries, and electronic communications [9].

Group 1 - The core point of the announcement is that the controlling shareholder, Shanghai Zhongman Investment Holdings Co., Ltd., has been actively increasing its stake in Zhongman Petroleum and Natural Gas Group Co., Ltd. The shareholder has already purchased 1,435,000 shares, representing 0.31% of the total share capital, for an amount of 25.099 million yuan [1] - The controlling shareholder plans to continue purchasing shares with a total investment amount not less than 180 million yuan and not exceeding 360 million yuan, including previous purchases, within a 12-month period starting from March 13, 2025 [1] - As of the date of the announcement, the controlling shareholder has acquired an additional 4,322,828 shares between April 8 and June 30, 2025, with a total investment of 76.7856 million yuan, bringing the cumulative investment to 101.8846 million yuan [1] Group 2 - The company will participate in the 2025 Shanghai-listed companies collective reception day and mid-year performance briefing, aimed at enhancing interaction with investors [6] - The event is scheduled for September 19, 2025, and will be conducted online, allowing investors to engage with the company's leadership regarding its half-year performance, governance, and strategic development [7] - Investors are encouraged to submit questions prior to the event to ensure that the discussion addresses common concerns [7]

专利摘要：本发明属于储层改造技术领域，具体涉及一种高效防乳化降粘水基压裂液体系及其制备方 法。一种防乳化降粘剂，包括如下组分：三苯基乙烯基苯酚聚氧乙烯或/和丙烯嵌段聚醚磺酸盐，格尔 伯特醇基聚氧乙烯或/和丙烯嵌段聚醚磺酸盐，烷基醇酰胺复合物和溶剂。所述防乳化降粘剂可用于制 备水基压裂液，所述压裂液包括如下组分：乳液稠化剂、防乳化降粘剂、pH调节剂、破胶剂、水。制 成份压裂液具有较好的防乳化降粘功效，可有效降低压裂施工注入流体与原油乳化发生，并保证返排阶 段原油、压裂液破胶液及地层水形成乳化液粘度低，增强了渗流能力，且产出液高效破乳，提高原油产 量。 证券之星消息，根据天眼查APP数据显示中国石油（601857）新获得一项发明专利授权，专利名为"一 种高效防乳化降粘剂及水基压裂液及其制备方法和应用"，专利申请号为CN202210740507.5，授权日为 2025年9月12日。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 数据来源：天眼查APP 今年以来中国石油新获得专利授权941个，较去年同期减少了43%。结合公司2025年中报 ...

Core Insights - The Russian federal budget deficit for January to July 2025 decreased by approximately $47.6 billion year-on-year, primarily due to reduced oil and gas revenues [1] Budget Overview - Total budget revenue for the period was 20.315 trillion rubles (approximately $255.9 billion), reflecting a year-on-year increase of 2.8% [1] - Total budget expenditure reached 25.19 trillion rubles (approximately $317.3 billion), marking a year-on-year increase of 20.8% [1] - The budget deficit amounted to 4.88 trillion rubles (approximately $61.4 billion), which is a reduction of 3.78 trillion rubles (approximately $47.6 billion) compared to the same period last year [1] Revenue Breakdown - Oil and gas revenues for the federal budget totaled 5.52 trillion rubles (approximately $69.5 billion), showing a year-on-year decline of 18.5% [1] - The decline in oil and gas revenues is attributed to the strengthening of the ruble and falling oil prices [1] - Non-oil and gas revenues increased by 14% year-on-year, reaching 14.79 trillion rubles (approximately $186.3 billion) [1]

Core Viewpoint - The company reported a decline in revenue and net profit for the first half of 2025, but maintains a positive outlook on its competitive advantages across the entire industry chain, particularly in oil and gas production and refining and chemical transformation [1][4]. Financial Performance - In the first half of 2025, total revenue reached 1,450.099 billion yuan, a year-on-year decrease of 6.74%, while net profit attributable to shareholders was 83.993 billion yuan, down 5.42% [1]. - For Q2 2025, revenue was 696.991 billion yuan, a decrease of 6.09%, and net profit was 37.186 billion yuan, down 13.59% [1]. - The average price of Brent crude oil was 71.87 USD per barrel, a decline of 14.5% year-on-year [1]. - The company’s gross profit margin was 20.89%, a slight decrease of 0.1 percentage points, and the weighted average return on equity was 5.4%, down 0.6 percentage points [1]. Production and Operations - The company’s oil and gas equivalent production reached 923.6 million barrels, an increase of 2.0% year-on-year, with domestic crude oil production up 0.6% and marketable natural gas production up 4.7% [2]. - The company captured and utilized 1.305 million tons of CO2 in its CCUS business, achieving oil recovery of 300,000 tons [2]. - In the refining sector, the company processed 694.3 million barrels of crude oil, a slight increase of 0.1%, while the production of refined oil was 59.572 million tons, down 0.9% [3]. Business Segments - The oil and gas segment generated an operating profit of 856.86 billion yuan, while the new energy/refining and chemical/new materials/sales/natural gas sales segments reported profits of 110.56 billion yuan, 75.62 billion yuan, and 186.26 billion yuan, respectively [1]. - The refining business saw an operating profit of 9.664 billion yuan, down 8.0%, and the chemical business reported a profit of 1.392 billion yuan, a decrease of 17.34 billion yuan [3]. Capital Expenditure and Dividends - The interim dividend for 2025 was set at 0.22 yuan per share, with a total payout of approximately 40.265 billion yuan, resulting in a dividend payout ratio of 47.94%, an increase of 1.99 percentage points year-on-year [4]. - The total capital expenditure for 2025 is projected to be 262.2 billion yuan, with allocations of 80.09% for oil and gas and new energy, 13.92% for refining and chemicals, and smaller percentages for sales and natural gas sales [4]. Valuation - The company adjusted its profit forecast for 2025-2027, expecting net profits of 166.051 billion yuan, 169.482 billion yuan, and 172.705 billion yuan, corresponding to price-to-earnings ratios of 9.7, 9.5, and 9.3, respectively [4].

Group 1 - The 2025 Global Headquarters Economy Conference and Beijing Forum focused on the opportunities and challenges of headquarters and building economies in a global context, emphasizing the need for innovative paths and models for development [1] - The current global economic landscape is characterized by significant uncertainty, influenced by factors such as fluctuating U.S. trade policies, geopolitical conflicts, high global debt, climate change, technological revolutions, and aging populations [2] - Future economic trends include macroeconomic slowdowns, fragmented international governance, and the deepening of digital, intelligent, and green transformations [2] Group 2 - Emerging markets and developing countries, particularly in Southeast Asia, the Middle East, Africa, and Latin America, are expected to be key growth areas, especially in clean energy, infrastructure, and health services [3] - The balance between regionalization and globalization is a challenge for headquarters economies, while building economies face pressures from supply-demand imbalances and digital transformation [4] - Collaboration and innovation are essential to address these challenges, with digital technologies reshaping the operational models of headquarters and building economies [4] Group 3 - Beijing has ranked first globally for 13 consecutive years in the Fortune Global 500 cities list, with 47 companies, including major state-owned enterprises and dynamic private firms, contributing to a diverse and high-quality development landscape [5] - The Beijing government is enhancing the headquarters economy through innovation, optimizing the business environment, and strengthening infrastructure support, with a focus on high-quality development measures [6] - Key functional areas such as CBD and Lize Financial Business District are being developed to promote high-end and clustered building economies, contributing significantly to tax revenues [6]

转自：北京日报客户端 来源：中央纪委国家监委网站 据中央纪委国家监委驻中国石油纪检监察组、浙江省纪委监委消息：中国石油贵州销售分公司原党委委 员、副总经理袁瑞森涉嫌严重违纪违法，目前正接受中央纪委国家监委驻中国石油纪检监察组纪律审查 和浙江省台州市监委监察调查。 ...