当地时间24日，委内瑞拉总统马杜罗公开确认，雪佛龙公司获准继续在委运营。马杜罗表示，"正如我 们一贯向所有国际企业传达的立场——委内瑞拉欢迎各国企业前来投资兴业。"他说，"在遭受制裁胁迫 的这几个月里，我国石油产业仍实现了12%的增长。这些成就不依赖于任何特许授权。"马杜罗表示， 目前工作组已就绪，将协助雪佛龙公司依法恢复在委运营。据了解，雪佛龙是目前美国在委内瑞拉维持 运营的最后一家石油公司。(央视) ...

Investment Rating - The report upgrades the Brent crude oil price forecast for the remainder of 2025 to $66 per barrel, with expectations of further price increases due to rising price premiums and shifting market risk concerns towards supply disruptions [1][2]. Core Insights - The cautious outlook for oil prices in 2026 is based on anticipated oversupply of approximately 1.7 million barrels per day due to the ramp-up of non-OPEC projects and the development of U.S. shale oil [1][2]. - The refining industry is currently in an upward cycle, driven by supply factors, with a projected net increase in global refining capacity of only 0.2 million barrels per day in 2025 and 0.4 million barrels per day in 2026 [8]. Summary by Sections Oil Price Forecast - The Brent crude oil price is expected to rise to $66 per barrel for the remainder of 2025, supported by low global inventory levels, particularly in OECD countries, and concerns over supply disruptions [2][3]. - A cautious forecast for 2026 predicts a decline to around $50 per barrel due to oversupply from non-OPEC projects [1][2]. Refining Industry Dynamics - The refining sector is experiencing high profit margins, particularly in diesel, driven by low inventory levels and the permanent closure of several refineries [7][8]. - The global refining system is under pressure due to a tight supply-demand balance, with significant growth expected in the demand for middle distillates like diesel and jet fuel [8]. Geopolitical and Supply Risks - Current market risks include supply disruptions and geopolitical instability, with a recommendation for conservative yet flexible trading strategies, such as purchasing call options and utilizing spot and forward contracts for hedging [5][6]. - The impact of Iranian oil production on market prices is significant, with potential price spikes if production increases dramatically [6]. OPEC and Non-OPEC Supply - The report highlights the uncertainty surrounding OPEC's spare capacity, which supports forward oil prices, and the potential for oversupply if new projects come online as planned [3][4]. - The refining industry is expected to benefit from the complexities of companies like Reliance Industries, which can leverage OPEC supply increases while also growing in other sectors [8].

标普全球在当日上午发布的初步调查数据显示，美国7月份制造业和服务业综合景气指数为54.6，高于 市场共识预期的52.3和6月份修订后的52.9。 巴克莱银行石油分析师阿玛普里特·辛格（Amarpreet Singh）表示，尽管参加欧佩克+机制的产油国在加 速退出自愿减产，油价走势显示市场参与者在日益对石油市场前景感到乐观。 辛格表示，美国石油库存、炼油裂解价差和高频贸易数据继续显示石油需求强劲，而美国生产看起来在 从高点回落。基于美国能源信息局的周度估算数据和企业届表态，美国原油生产预测预计会下调。 当日，《华尔街日报》引用匿名消息源报道称，特朗普政府计划允许雪弗龙公司在委内瑞拉再次开采石 油，但没有公布相关细节。 新华财经纽约7月24日电（记者刘亚南）受市场对关税谈判和经济形势乐观预期的推动，国际油价在隔 夜市场上涨，24日早盘强势盘整，午后显著回落，但尾盘出现拉升，收盘时国际油价均上涨。 截至当天收盘，纽约商品交易所9月交货的轻质原油期货价格上涨78美分，收于每桶66.03美元，涨幅为 1.2%；9月交货的伦敦布伦特原油期货价格上涨67美分，收于每桶69.18美元，涨幅为0.98%。 日产证券研究部总经理 ...

美国国务院：不能就任何具体许可证事宜向委内瑞拉国家石油公司（PDVSA）的合作伙伴进行说明， 但美国不会允许委内瑞拉马杜罗政权从石油销售中获利。 ...

消息人士：美国政府正在考虑对委内瑞拉国家石油公司（PDVSA）的外国石油合作伙伴，包括雪佛龙 公司（Chevron）提供有限的授权。 ...

新华财经乌鲁木齐7月24日电（记者郝玉）新疆维吾尔自治区人民政府新闻办公室24日举行的新闻发布 会公布，今年以来，新疆工业生产保持稳中向好发展态势。上半年，新疆规模以上工业增加值同比增长 7.4%，增速高于全国1.0个百分点。 郝俊清表示，今年新疆将持续培育壮大新质生产力，巩固工业经济回升向好态势。 （文章来源：新华财经） 数据显示，新疆40个工业行业大类中，31个行业实现增长，增长面为77.5%，增长面比一季度扩大7.5个 百分点。在384种主要工业产品中，254种产品产量同比增长，增长面为66.1%，增长面比一季度扩大0.2 个百分点。 重点行业对工业增长的拉动作用显著。上半年，煤炭开采和洗选业增加值同比增长12.2%，拉动规模以 上工业增加值增长1.5个百分点，原煤产量达到2.79亿吨，同比增长12.4%；有色金属冶炼和压延加工业 增加值增速大幅提升，同比增长16.1%，拉动规模以上工业增加值增长1.2个百分点；化学原料和化学制 品制造业增加值同比增长11.5%，拉动规模以上工业增加值增长1.0个百分点；石油、煤炭及其他燃料加 工业增加值同比增长10.2%，拉动规模以上工业增加值增长0.7个百分点，原油 ...

Core Insights - The U.S. energy sector, particularly oil and gas, has been severely impacted by the trade war initiated by the Trump administration, leading to a significant reduction in energy exports to China [1][4][5] Energy Imports from the U.S. - China has almost completely stopped importing three major energy sources from the U.S.: coal, crude oil, and liquefied natural gas (LNG) as of June [1][4] - In June, China did not import any crude oil from the U.S. for the first time in nearly three years, while the value of coal imports from the U.S. dropped to just a few hundred dollars compared to over $90 million in June of the previous year [1][4] - The U.S. LNG exports to China have also been zero for four consecutive months, indicating a significant decline in trade [1][4] Tariff Impacts - The Chinese government imposed tariffs on U.S. energy products, including a 15% tariff on coal and LNG, and a 10% tariff on crude oil, as a countermeasure to the trade war [1][5] - The high tariffs have made U.S. energy products less economically viable for Chinese buyers, leading to a strategic shift towards other suppliers [5][6] Market Dynamics - The share of U.S. LNG in China's imports has decreased from 11% in 2021 to just 6% last year, reflecting a broader trend of diversification in energy sourcing [4][6] - China is increasingly sourcing oil from countries like Saudi Arabia and Russia, with the U.S. barely making it into the top ten suppliers [5][6] Long-term Implications - Experts suggest that the cessation of U.S. crude oil imports by China may have long-lasting effects, with Chinese importers unlikely to sign new contracts for U.S. LNG [4][6] - The geopolitical tensions and U.S. sanctions are prompting China to enhance its domestic energy production and seek alternative energy sources, reducing reliance on U.S. imports [6][7]

Company Overview - Heshun Petroleum's closing price on July 24 was 16.56 yuan, up 1.66%, with a rolling PE ratio of 87.22, marking a 17-day low, and a total market capitalization of 2.847 billion yuan [1] - The company operates in the oil industry, which has an average PE ratio of 13.22 and a median of 29.89, placing Heshun Petroleum at the 17th position in the industry ranking [1] Financial Performance - For Q1 2025, Heshun Petroleum reported revenue of 767 million yuan, a year-on-year decrease of 5.01%, and a net profit of 12.59 million yuan, an increase of 36.60%, with a sales gross margin of 8.39% [1] - As of the latest report, only one institution holds shares in Heshun Petroleum, with a total of 306,000 shares valued at 0.05 million yuan [1] Industry Comparison - The PE ratio of Heshun Petroleum (87.22) is significantly higher than the industry average (13.22) and median (29.89), indicating a potential overvaluation compared to peers [2] - Other companies in the oil sector, such as China National Offshore Oil Corporation and China Petroleum, have much lower PE ratios of 9.19 and 9.71, respectively, highlighting the disparity in valuation within the industry [2]

7月24日，洲际油气今日收盘2.57元，上涨8.44%，滚动市盈率PE（当前股价与前四季度每股收益总和的 比值）达到24.61倍，创24天以来新低，总市值106.63亿元。 序号股票简称PE(TTM)PE(静)市净率总市值(元)6洲际油气24.6121.871.23106.63亿行业平均 13.2211.861.221873.85亿行业中值29.8934.061.6564.09亿1中国海油9.198.981.5812381.55亿2中国石油 9.719.771.0316087.54亿3广汇能源12.8212.331.32364.98亿4中国石化16.0214.410.877250.47亿5*ST新潮 16.3816.201.44329.82亿7泰山石油24.8033.403.0433.17亿8东华能源34.9734.721.39154.15亿9康普顿 44.6754.582.5529.83亿10广聚能源63.2168.182.3566.11亿11和顺石油87.2297.271.7228.47亿12岳阳兴长 112.5898.332.8662.07亿 从行业市盈率排名来看，公司所处的石油行业行业市盈率平均13. ...

Group 1 - The stock price of XD Shanghai Petrochemical (600688) closed at 2.96 yuan, up 0.68% with a turnover rate of 0.72% and a trading volume of 525,000 hands, amounting to 155 million yuan [1] - The latest financial report shows that for Q1 2025, the company reported total revenue of 19.521 billion yuan, a year-on-year decrease of 8.28%, and a net profit attributable to shareholders of 89.839 million yuan, a year-on-year decrease of 206.87% [1] - The company has a current ratio of 1.299, a quick ratio of 0.924, and a debt-to-asset ratio of 39.31% [1] Group 2 - China Petrochemical Shanghai Petrochemical Co., Ltd. has made investments in 22 enterprises and participated in 5,000 bidding projects [2] - The company holds 51 trademark registrations and 1,292 patents, along with 12,807 administrative licenses [2]