凤凰网财经讯 1月8日，三大指数集体低开，沪指低开0.20%，深成指低开0.42%，创业板指低开0.63%， 有色·锌、航天系、有色·钴等板块指数跌幅居前。 | | | | | 户深京重要指数 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 *● | 最新 | 张幅% | | 涨跌 涨跌家数 | | 总手 | 现手 金额 | | 上证指数 | 4077.72 | -0.20 | -8.05 | 572/1388 | -0.06 | 648 元 | 648万 96.55亿 | | 深证成指 | 13971.89 | -0.42 | -58.67 | 710/1791 | -0.11 | 9647 | 964万 150.90亿 | | 北证50 | 1492.92 | -0.22 | -3.36 | 85/162 | -0.01 | | 7.97万 7.97万 1.98亿 | | 创业板指 | 3308.74 | -0.63 | -20.95 | 378/876 | -0.15 | and the | 186万 54.66亿 | 外盘市 ...

中信建投预计，2026年原油步入供应过剩周期，炼油、页岩油、天然气三大领域凸显红利。2026年全球 原油市场将正式进入供应过剩周期，IEA预计过剩规模达384万桶/日，油价中枢系统性下移成为主线。 但地缘冲突、制裁与库存扰动仍将带来阶段性交易机会。真正的结构性机会正从"油价"转向"公司"：炼 油端裂解价差高位运行、美国页岩油在60美元附近展现产量韧性，以及LNG扩张与电力需求推动天然 气并购升温，构成低油价环境下的核心受益方向。 ｜2026年1月8日 星期四｜ NO.1华泰证券：阀门行业正处于市场稳健扩容与技术升级的关键阶段 华泰证券指出，阀门行业作为工业流体控制体系的核心环节，正处于市场稳健扩容与技术升级的关键阶 段。在下游能源、电力、石化及新能源等高景气领域的拉动下，阀门市场持续扩容。海外巨头凭借深厚 技术积累仍主导高端领域，但中国依托强大的基础设施建设能力，以及欧美去工业化带来的窗口，在核 电、深水油气和特种工况等领域不断实现技术突破。总体来看，需求增长、技术升级与国产化加速正叠 加形成推动行业长期向上、竞争格局重构的核心动力。该机构看好阀门行业。 NO.2中信建投：2026年炼油、页岩油、天然气领域凸 ...

人民财讯1月8日电，中信建投（601066）预计2026年原油步入供应过剩周期，炼油、页岩油、天然气三 大领域凸显红利。2026年全球原油市场将正式进入供应过剩周期，IEA预计过剩规模达384万桶/日，油 价中枢系统性下移成为主线。但地缘冲突、制裁与库存扰动仍将带来阶段性交易机会。真正的结构性机 会正从"油价"转向"公司"：炼油端裂解价差高位运行、美国页岩油在60美元附近展现产量韧性，以及 LNG扩张与电力需求推动天然气并购升温，构成低油价环境下的核心受益方向。 ...

在全球油价承压、页岩油行业面临成本压力的背景下，能源巨头埃克森美孚近日发布新版企业战略，宣 布通过整合40余项"可叠加技术"与全价值链资源，在2030年前实现较2024年新增盈利超140亿美元的目 标。这一数字较此前预测高出50亿美元。该战略不仅依赖二叠纪盆地与圭亚那的产量提升，更核心的突 破在于通过技术革新重构页岩油开采的经济学逻辑。 技术破局：40余项创新的"叠加效应" 与传统页岩油企业依赖单一技术突破不同，埃克森美孚提出的"可叠加技术"理念强调通过多项增量创新 的有机整合，实现"1+1>2"的协同效应。这些技术覆盖从钻井、开采到炼化的全流程，目前已有超过40 项专有技术进入研发或应用阶段，其核心目标是将二叠纪盆地的资源采收率提升一倍。 石油焦支撑剂技术是其中的明星成果。这种由炼油副产品石油焦制成的专有轻质材料，在水力压裂作业 中可实现更远距离输送并持久支撑裂缝。与传统石英砂相比，其不仅成本更低，还能将单井采油量提升 20%，目前该技术已成埃克森美孚提升产能的关键抓手。 井距优化策略则通过数据驱动实现资源高效开采。埃克森美孚创新的"立方体开发"模式可同时开采多个 垂直叠加的油藏层，相较单一层位开发，项目净 ...

依托前沿技术将非常规油气资源采收率提高一倍 面对页岩油产量增长即将触顶的预期，美国政府近日提出一项雄心勃勃的国家战略目标：在未来几年 内，将国内非常规油气资源的采收率提高一倍。这标志着美国页岩产业正从依靠钻井数量的规模扩张， 转向依赖前沿技术进行"存量挖潜"的新阶段。此举旨在从已知的油气储层中释放出数十亿桶资源，以维 持其长期的能源主导地位与国家安全。 政府定调：开启"页岩革命2.0" 在近日举行的国家石油委员会会议上，美国能源部负责碳氢化合物与地热能源的助理部长凯尔·豪斯维 特阐述了这一核心政策目标。他明确指出，当前美国页岩油藏的平均采收率仅约为10%，远低于全球常 规油田30%~35%的平均水平。 能源部的目标与行业领军企业的战略转型不谋而合。随着主要产区生产效率增长放缓，提高最终采收率 已成为关乎企业长期生存和发展的关键。 埃克森美孚是率先公开响应的巨头之一。该公司首席执行官达伦·伍兹早在2023年便向公司提出"采收率 翻倍"的挑战。在近日发布的投资者报告中，埃克森美孚表示拥有超过40项新技术，为实现2030年后的 增长目标提供了清晰路径。 雪佛龙公司同样将提高采收率置于战略核心。其首席执行官迈克·沃斯 ...

Core Insights - The U.S. shale industry, particularly in Texas, is experiencing an increase in oil production, indicating a positive trend in the sector [1] Industry Summary - Oil production in Texas is climbing, reflecting growth in the U.S. shale industry [1] - Despite the increase in production, local businesses, such as tool and safety equipment stores, may not be feeling the benefits directly [1]

Core Viewpoint - In September 2025, Estonia's industrial output decreased by 1.5% year-on-year, indicating a contraction in the industrial sector despite growth in mining [1] Group 1: Industrial Performance - The overall industrial output in Estonia fell by 1.5% year-on-year in September 2025 [1] - The mining sector experienced a growth of 4.8% year-on-year [1] - The manufacturing sector saw a slight decline of 0.4% year-on-year [1] - Energy production output significantly decreased by 18.5% year-on-year [1] Group 2: Manufacturing Sector Breakdown - Within the manufacturing sector, metal products manufacturing grew by 10.2% year-on-year [1] - Computer and electronic products manufacturing increased by 8.1% year-on-year [1] - Wood manufacturing output rose by 5.1% year-on-year [1] - Food manufacturing output grew by 2.2% year-on-year [1] - Conversely, shale oil production plummeted by 37.9% year-on-year [1] - Machinery manufacturing output declined by 22.2% year-on-year [1] - Beverage manufacturing output fell by 21% year-on-year [1]

Core Insights - OPEC+ has agreed to increase oil production by 137,000 barrels per day while pausing further hikes for three months next year, providing relief to the U.S. shale industry [2] - The U.S. shale oil sector has shown resilience, with production reaching an all-time high of 13.7 million barrels daily in August, despite rising costs and a higher breakeven price compared to conventional wells [3][4] - Analysts predict that if West Texas Intermediate (WTI) prices fall below $50 per barrel, the shale industry could face a significant output reduction of 700,000 barrels per day by the end of 2026 [5] Production and Economic Factors - The U.S. shale industry has been able to grow production due to efficiency improvements and a supply of drilled but uncompleted wells, despite a lower rig count [4] - The breakeven prices for shale wells vary, with some needing less than $60 per barrel while others require $70 or more [3] - The inventory of drilled but uncompleted wells in key basins has decreased by 25% to 30% since the beginning of the year, indicating a potential challenge for future production [6] Market Outlook - Current WTI prices at $61 per barrel are already impacting shale activity, and further declines could lead to a contraction in production [5] - The downward trend in the inventory of drilled but uncompleted wells could hinder the ability of shale producers to respond quickly to international price changes [6]

Core Viewpoint - The news highlights the significant advancements in ecological restoration and sustainable development initiatives undertaken by Fushun Mining Group, particularly in the context of shale oil production and the comprehensive management of mining areas, showcasing a model for green development in the industry [1][2][4]. Group 1: Shale Oil Production - Fushun Mining Group has maintained a stable shale oil production of over 450,000 tons annually, accounting for more than half of the national output, positioning itself as a leader in the domestic shale oil industry [1]. - The annual output value of the shale oil refinery has reached nearly 2 billion yuan, making it a pillar industry for the transformation and development of Fushun Mining Group [1]. Group 2: Ecological Restoration Efforts - The comprehensive management and ecological restoration of the West Open-pit Mine have been accelerated, with over 4.07 million seedlings planted and a restoration area of 12,240 acres, which is over 70% of the total area of the mine [3]. - The ecological restoration project at the West Open-pit Mine has been recognized as a leading case in China's ecological restoration efforts and has been selected as one of the first ten "World Ecological Restoration Flagship Projects" by the United Nations [4]. Group 3: Green Development Initiatives - Fushun Mining Group is actively constructing four major industrial parks focused on resource recycling, waste-to-energy, solar power generation, and comprehensive management of mining areas, aiming to strengthen emerging industries centered on green and low-carbon circular development [5]. - The city of Fushun has established a working group for the comprehensive management and integration of the West Open-pit Mine, resulting in a strategic plan centered on "ecological low-carbon valleys" [2].

Core Viewpoint - The U.S. shale oil industry is experiencing unprecedented anxiety due to the Trump administration's energy and trade policies, which are perceived as detrimental to the sector's economic viability [1][3]. Group 1: Industry Sentiment - Executives from U.S. shale oil companies express frustration over the Trump administration's lack of understanding of shale oil economics, claiming that policies are effectively aligning with OPEC to suppress oil prices below sustainable levels [1][3]. - A significant decline in drilling activity is reported, with a 6.5% decrease in shale drilling in the Southwest U.S. during Q3, although this is an improvement from an 8.1% drop in the previous quarter [3][4]. - The proportion of companies with negative outlooks has nearly tripled, indicating a sharp decline in confidence within the industry [4]. Group 2: Price and Economic Impact - Executives indicate that their businesses will incur losses if oil prices fall below $60 per barrel, with expectations of WTI prices stabilizing at $63 by year-end and reaching $67 by 2027 [3]. - Concerns are raised about the Trump administration's goal to lower oil prices to $40 per barrel, which could lead to a cessation of drilling activities [3][4]. - The imposition of a 50% tariff on steel and aluminum since June has increased operational costs for the industry, compounding existing challenges [3][4]. Group 3: Renewable Energy Concerns - Executives worry that the Trump administration's attacks on renewable energy could have negative repercussions for the shale industry, particularly regarding future regulations on methane emissions and environmental reviews [4]. - The administration's rollback of tax incentives for clean energy and halting major renewable projects raises concerns about the long-term sustainability of the energy sector [4].