原油成品油早报 二、库存 ·美国至11月28日当周API原油库存 248万桶，前值-185.9万桶。 ·美国至11月28日当周API汽油库存 313.6万桶，前值53.9万桶。 研究中心能化团队 2025/12/03 | 日期 | WTI | BRENT | DUBAI | diff FOB dated bre | BRENT 1- | WTI-BREN | DUBAI-B | NYMEX RB | RBOB-BR | NYMEX | HO-BRT | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 2月差 | T | RT（EFS | OB | T | HO | | | | | | | nt | | | | | | | | | 2025/11/26 | 58.65 | 63.13 | 64.41 | 0.77 | 0.59 | -4.48 | 0.20 | 188.90 | 16.21 | 232.55 | 34.54 | | 2025/11/27 | - | 63.34 | - | ...

（文章来源：每日经济新闻） 陕天然气（002267.SZ）12月3日在投资者互动平台表示，公司参股公司建设的山西吉县—陕西延长输气 管道项目（一期工程）已具备投运条件，实现了晋陕管道互联互通。 每经AI快讯，有投资者在投资者互动平台提问：跨省管道何时能投运？目前有无潜在输送委托客户？ 业务量预期如何？ ...

Group 1 - The core point of the article is that Caixin Development (000838) announced a significant change in its ownership structure, with Jiangxi Zhongjiu Natural Gas Group intending to acquire 20% to 29.99% of its shares, which will result in a change of the controlling shareholder and actual controller of the company [1][2] - The acquisition is part of Caixin Group's restructuring process, which began in June 2023, with Jiangxi Zhongjiu emerging as the selected investor [2] - Caixin Development's main business includes real estate development and environmental protection, reporting a revenue of 828 million yuan and a net loss of 260 million yuan for 2024, with significant ongoing financial pressures [3] Group 2 - As of September 2025, Caixin Development's total assets were 2.494 billion yuan, with liabilities of 2.051 billion yuan, indicating continued profitability challenges [3] - The company has made several business adjustments in recent years, including abandoning the acquisition of Caixin Environment due to insufficient profitability [3] - Jiangxi Zhongjiu, established in 2014 with a registered capital of 260 million yuan, focuses on urban gas, industrial supply, and LNG logistics, raising concerns about its experience in managing real estate and environmental sectors [3][4] Group 3 - Jiangxi Zhongjiu has previously invested 638 million yuan to acquire Xinjiang Torch, marking its second major capital market move in 2023 [4] - There are uncertainties regarding the business synergy between Jiangxi Zhongjiu's energy focus and Caixin Development's real estate and environmental operations [4] - The announcement did not specify the exact transaction price, payment method, or future business integration plans, leading to market speculation about Jiangxi Zhongjiu's financial capacity to complete the acquisition [4]

Core Insights - The China Energy and Chemical Spot Price Index rose to 815.19 points as of December 2, 2025, marking an increase of 1.94 points or 0.24% from the previous day, but a decrease of 184.81 points or 18.48% from the base period of July 2, 2024 [1] - The oil industry index reached 784.09 points, up 4.03 points or 0.52% from the previous day [1] - The natural gas industry index fell to 959.21 points, down 4.91 points or 0.51% from the previous day [2] - The chemical industry index increased to 818.07 points, rising by 1.04 points or 0.13% from the previous day [3] Industry Performance - The domestic energy and chemical spot price index has rebounded, with the oil sector leading the market due to international crude oil price increases and positive market sentiment driven by downstream replenishment [6] - The price of methanol surged due to strong auction results influenced by futures market gains, leading to an upward adjustment in market prices [6] Price Monitoring Data - The current prices for various oil products include: - Crude oil at 3391 CNY per ton, up 50 CNY or 1.50% from the previous period [7] - Gasoline prices in different regions remained stable or saw slight increases, with the highest being 7230 CNY per ton in East China [7][8] - Diesel prices also showed minor increases in certain regions [7][8] - Natural gas prices, particularly LNG, experienced declines, with prices in Inner Mongolia dropping to 4100 CNY per ton [8] - Chemical product prices varied, with some products like methanol seeing increases while others like ethylene glycol experienced slight declines [8][9] Index Methodology - The China Energy and Chemical Spot Price Index is developed by the Xinhua Index Research Institute, Jinlianchuang Network Technology Co., Ltd., and the Data Price Professional Committee of the China Price Association, monitoring 17 typical products across the oil and chemical industries [9] - The index aims to provide a comprehensive reflection of market price changes and industry development trends, utilizing a dataset that combines market inquiries, quotes, and transaction data [9]

Group 1 - The core point of the article is that Yong Zhijun, a low-profile entrepreneur from Jiangxi, is set to become the controlling shareholder of Caixin Development through the acquisition of 20% to 29.99% of its shares by Jiangxi Zhongjiu Natural Gas Group [3][4] - Caixin Development's stock closed at 3.54 yuan per share on December 2, with a market capitalization of 3.896 billion yuan [2] - The acquisition will make Jiangxi Zhongjiu the controlling shareholder of Caixin Development, with Yong Zhijun as the actual controller [3] Group 2 - Jiangxi Zhongjiu was selected as the investor in the bankruptcy restructuring of Caixin Development and its related companies [4] - Yong Zhijun holds 90% of Jiangxi Zhongjiu, which has previously acquired a significant stake in Xinjiang Torch, becoming its new controlling shareholder [5] - Other potential investors, including major asset management companies, had previously expressed interest in the restructuring but were ultimately outbid by Jiangxi Zhongjiu [6]

中国基金报记者 卢鸰 继新疆火炬之后，低调的 "80 后 " 江西能源大佬雍芝君，又将入主另一家 A 股上市公司 —— 财信发展。 12 月 2 日，财信发展股价以 3.54 元 / 股收盘，最新市值为 38.96 亿元。 【导读】雍芝君有望入主财信发展 雍芝君有望入主财信发展 财信发展 12 月 2 日晚公告，江西中久天然气集团有限公司（以下简称江西中久）拟通过持 股平台公司收购财信发展 20% 至 29.99% 的股份，最终江西中久实际收购的股权比例根据 法院裁定批准的重整计划及相应债权人做出的选择确定。 本次投资完成后，江西中久将成为财信发展控股股东，其实际控制人雍芝君将成为财信发展 的实际控制人。 2025 年 10 月 16 日，财信发展接到管理人通知，管理人已完成公司控股股东财信地产及间 接控股股东财信集团等 13 家公司破产重整投资人招募遴选工作，江西中久被确定为中选投资 人。 东方资产等此前出局 公开资料显示，江西中久由雍芝君、卢一帆夫妇分别持有 90% 、 10% 的股份。雍芝君是四 川南充人， 2006 年毕业于南昌理工学院机电工程学院，今年 42 岁，是长江商学院 CEO17 期学员。 ...

说起欧洲和乌克兰这事儿，我得先吐槽一句：欧洲这帮国家，本来有机会帮乌克兰站稳脚跟，结果一步 步把自己搞成个大麻烦，还把乌克兰往火坑里推。 你知道吗，从2014年开始，欧洲就没少犯糊涂，到现在2025年底了，还在为自己的短视买单。 咱们一步步来聊聊，这到底是怎么回事儿，别急，我不是在编故事，全是基于公开资料和数据来说的。 先从头说起。2014年，乌克兰亲欧盟示威搞得轰轰烈烈，结果亲俄政府倒台，俄罗斯直接吞并克里米 亚，还支持东部分离势力。 欧洲国家当时啥反应？德国和法国带头搞了个明斯克协议，2014年9月签的，里面写着停火、撤军啥 的。听起来不错吧？可现实呢，协议签了等于没签，俄罗斯那边继续搞事儿，欧洲就派观察员去边境转 悠，记录记录违规，就完了。 没啥强制措施，俄罗斯军队和支持的武装照样在顿巴斯挖战壕、运武器。 2015年2月又签了个明斯克二协议，加了政治对话和选举条款，可还是老样子，战斗没停。 俄罗斯切断供应后，欧洲转向挪威和美国液化气，可成本高啊，德国企业主直呼受不了。 数据显示，2022年以来欧盟从俄罗斯买的能源花了2130亿欧元，比给乌克兰的援助多得多。 2024年欧盟俄罗斯天然气进口降到19%，可还 ...

在俄乌冲突即将步入第四年、美国政治格局剧烈波动、欧洲安全感显著崩塌的背景下，一个此前几乎难以设想的议题正被推向舆论前沿： 如果特朗普为谋求私利与普京达成交易、不惜牺牲乌克兰，欧洲是否将抛售美国国债，从而对美国发动一场真正意义上的"经济战"？ 这一问题的表层是地缘政治博弈，其深层却指向一个更为尖锐的现实： 站在"美欧同盟"与"自主道路"的十字路口，欧洲究竟还保留多少战略自主性？ 本文认为： 欧洲可能会高调"威胁"使用金融武器，但实际孤注一掷对美国发动经济战的概率极低。 真正值得关注的，并非一次性"核打击"，而是欧洲在未来数年中可能持续推进的对美渐进式"软脱钩"。 这一趋势，才是对美国霸权最致命且最现实的长期挑战。 以下从五个方面展开论述： 一、特朗普欲把乌克兰作为与俄罗斯交易获取利益的筹码 要理解欧洲为何放风"考虑抛售美债"，需先厘清当前战略棋局中的三方态势： 1，俄罗斯正深陷战争泥潭。 为维持军事行动，2026年预算中计划投入1660亿美元，占财政总支出三分之一以上，比例达苏联解体以来峰值。迫于财政压力，俄政府已 采取削减福利、增税和加征各类费用等措施。 战争之所以得以持续，部分得益于能源出口收入，但国内经济 ...

TotalEnergies, TES, and three Japanese gas companies have signed a development agreement for the Live Oak e-NG project in Nebraska, targeting commercial operations by 2030. The agreement brings in Osaka Gas, Toho Gas, and ITOCHU, which together will take a one-third stake in what is set to become one of the most advanced synthetic gas developments in the United States. The Joint Development and Operating Agreement finalizes ownership shares, leaving TotalEnergies and TES with equal 33.35% interests and po ...

Core Viewpoint - Jiangsu Securities research report indicates that Jiufeng Energy is continuously implementing its "onshore" development strategy, leveraging both "marine gas" and "land gas" upstream resources for rapid growth [1] Company Summary - On September 30, 2025, Jiufeng Energy announced its investment in the second phase of the Xinjiang Qinghua Energy Group's 4 billion cubic meters coal-to-natural gas project, marking the company's official entry into the Xinjiang coal-to-gas sector [1] - The timing of Jiufeng Energy's entry into the coal-to-gas industry and strategic positioning in Xinjiang reflects significant changes in the local coal-to-gas market [1] - The profitability of coal-to-gas projects is highly sensitive to raw coal prices, with core competitiveness relying on the ability to acquire and control low-cost coal resources [1] - Jiufeng Energy's Qinghua Phase II coal-to-gas project is expected to benefit from local coal mines, initiating a predictable and relatively secure second growth curve [1] - The company maintains a "buy" rating for its stock [1]