A股三季度收官，三大指数月线实现5连阳。 节前这两天市场上涨，尤其是券商股大涨，说明牛市还没有结束。 目前主要是结构性机会， 比如：今天稀有金属大涨，而油气大跌。 稀有金属大涨的原因有两方面，政策支持与供应紧张： 一是政策支持，工信部等八部门联合印发了 《有色金属行业稳增长工作方案（2025-2026年）》 ，明确提到要推动铜、 铝、锂等国内资源开发，并鼓励在集成电路、工业母机、低空经济等新兴产业中应用稀有金属。这一政策为行业描绘了 清晰的发展前景，显著提升了市场信心。 二是，供应链收紧预期：关键金属的全球供应正在收紧，推高了其价格和市场预期。 钴：全球最大钴生产国刚果（金）延长了钴的出口禁令，并计划从明年起实施严格的出口配额制度，这加剧了市场对钴 供应短缺的担忧。 战略小金属：受出口管制升级影响，锑、钨等战略小金属价格已创下新高。这些金属储量有限、开采难度大，但在新能 源、半导体和军工等高速发展的领域需求旺盛，供需矛盾突出 油气下跌的主要原因是市场担忧"欧佩克+"（OPEC+）在本周末宣布再次增产。如果成为现实，这将进一步加剧全球原 油市场供过于求的局面，导致油价承压。 下一步，预计市场将维持"强势震荡"状 ...

9月23日，2025中外知名企业四川行活动四川省战略性矿产资源矿业权出让区块集中推介会举行。推介 会集中介绍了26个拟出让区块情况，涉及油气、锂、铜、金等战略性矿产，均为四川优势矿种。 此次推介会以"激发市场活力、优化资源配置、促进矿业发展"为导向，邀请矿产资源产业链上下游知名 企业共85家，积极搭建矿业投资合作平台，助力新一轮找矿突破战略行动深入开展。 推介会上，四川省自然资源厅相关负责人介绍，"十四五"以来，全省累计出让矿业权372宗，实现出让 收益398亿元。其中，2023年出让54宗、成交价142.82亿元，创十年来最高水平；2024年出让111宗、成 交价133.64亿元，实现矿业权出让数量、收益"双百"突破。同时，四川厅积极统筹矿业权出让与产业发 展，推动资源跟着产业走、产业向着高端走。目前，锂电产业已形成原矿采选、基础锂盐、正负极材 料、锂电池全产业链，各环节产量规模均居全国前列。油气产业凭借资源优势和战略布局，成为我国能 源结构优化的重要支撑，已形成较完整的天然气产业链，涵盖勘探开发、管道运输、化工利用等领域。 ...

Core Viewpoint - China National Offshore Oil Corporation (CNOOC) has achieved a significant breakthrough in lithological exploration in the Paleogene system of the Liaozhong sag in the Bohai Bay Basin, successfully drilling high-yield oil and gas wells, which further strengthens China's offshore oil and gas resource reserves [1] Group 1 - CNOOC's successful drilling of high-yield oil and gas wells marks a major advancement in the exploration of offshore resources [1] - The achievement is expected to enhance the foundation of China's offshore oil and gas resource reserves [1]

华油能源(01251)发布公告，于2025年9月26日，公司的附属公司CNG与PIONEER OIL INDONESIA(POI) 订立营运合作协议。根据营运合作协议，CNG已同意与POI在印度尼西亚贾邦登加区块的某区域开展油 气勘探、开发及生产活动。 倘若勘探工作取得成功，并且从贾邦登加区块某区域实现收益，根据营运合作协议，CNG与POI间的利 润分成将按50:50的比例进行分配。 POI为一家于印度尼西亚注册成立的公司，主要从事业务为油气田的勘探与开发。该公司由谢云金和熊 彬婕分别持有50%和50%的股权。 本营运合作协议旨在为CNG提供资金支持，以加快对贾邦登加区块的勘探与开发进程。该协议将通过 整合CNG与POI双方的资源、专业知识和经验，形成协同效应，从而有效且高效地推进该区块的勘探与 开发工作。 根据营运合作协议，POI将承担贾邦登加区块某区域的全部营运成本。在协议签署后的三年内，POI将 投入最高达到2亿美元的资金。根据营运合作协议，CNG不承担任何出资义务。 ...

倘若勘探工作取得成功，并且从贾邦登加区块某区域实现收益，根据营运合作协议，CNG与POI间的利 润分成将按50:50的比例进行分配。 本营运合作协议旨在为CNG提供资金支持，以加快对贾邦登加区块的勘探与开发进程。该协议将通过 整合CNG与POI双方的资源、专业知识和经验，形成协同效应，从而有效且高效地推进该区块的勘探与 开发工作。 根据营运合作协议，CNG已同意与POI在印度尼西亚贾邦登加区块的某区域开展油气勘探、开发及生产 活动。根据营运合作协议，POI将承担贾邦登加区块某区域的全部营运成本。在协议签署后的三年内， POI将投入最高达到2亿美元的资金。根据营运合作协议，CNG不承担任何出资义务。 格隆汇9月26日丨华油能源(01251.HK)公告，根据生产共享合同，CNG作为贾邦登加区块的承包商负责 执行石油营运，并将享有该项目70%的利润分成。董事会欣然宣布，于2025年9月26日，公司附属公司 CNG与PIONEER OIL INDONESIA("POI")订立营运合作协议。 ...

Group 1 - The core viewpoint is that China National Petroleum Corporation (CNPC) has significantly enhanced its energy supply capacity, becoming a crucial pillar for national energy security as it celebrates its 75th anniversary [1][2] - CNPC's oil and gas business has established a "three 100 million tons" structure, continuously consolidating its domestic oil and gas production capabilities [1] - The company has a historical legacy dating back to the early days of New China, where the annual crude oil production was only 12,000 tons, and has since evolved through significant discoveries and developments in major oil fields [1] Group 2 - In response to the global energy revolution and carbon neutrality goals, CNPC is actively pursuing a green transformation, aiming to build a new energy system that is clean and low-carbon [2] - The company emphasizes technological self-reliance, achieving breakthroughs in geological theories and leading global advancements in oil and gas exploration technologies [2] - CNPC has successfully ranked among the top two in the China Enterprise 500 list and has maintained a position within the top six of the Fortune Global 500 for 15 consecutive years, reflecting its robust international presence and growth [2]

Core Insights - China National Petroleum Corporation (CNPC) is celebrating its 75th anniversary and is focusing on developing new growth curves beyond traditional oil and gas, aiming to transform into a comprehensive international energy and chemical company [1][4] Group 1: Company Achievements - CNPC has established a "three 100 million tons" structure in its oil and gas business, with domestic oil and gas production accounting for approximately half and two-thirds of the national totals, respectively [1] - The company has successfully built five major oil and gas cooperation zones and four cross-border oil and gas transportation channels, becoming China's largest multinational operating enterprise [2][1] Group 2: Future Strategies - In response to the global energy revolution and carbon neutrality goals, CNPC's renewable energy development now accounts for 7% of its domestic energy supply, with advancements in green hydrogen, carbon capture, utilization and storage (CCUS), and geothermal technologies [4] - The company is also focusing on innovation in shale oil and gas, ultra-deep drilling, and high-end chemical materials, while promoting digital transformation and intelligent development across its operations [4]

四川省成矿地质条件优越，战略性矿产资源丰富且分布相对集中，是国家重要的能源资源安全保障基 地。目前，四川省已发现矿产136种，查明资源储量矿产100种。 近年来，四川持续加大矿产资源勘查开发力度，着力创新政策供给，有序出让矿权。"十四五"以来，四 川省累计出让矿业权372宗，实现出让收益398亿元。其中2023年出让54宗、成交价142.82亿元，创十年 来最高水平；2024年出让111宗、成交价133.64亿元。 （文章来源：新华财经） 新华财经成都9月24日电 "2025中外知名企业四川行"活动22日至24日举行期间，四川省矿产资源矿业权 出让区块集中推介会举办，推介会以"激发市场活力、优化资源配置、促进矿业发展"为导向，邀请80余 家矿产资源产业链上下游知名企业，积极搭建矿业投资合作平台。 会上，四川集中介绍了26个拟出让区块情况，涉及油气、锂、铜、金等矿产，主要分布在达州、巴中、 凉山等区域，具有资源条件好、品位高等特点，均为四川优势矿种。本次集中推介的区块将陆续分批次 投放，届时将在自然资源部、四川省公共资源交易信息网以及四川省自然资源厅官方网站上发布。 ...

Group 1 - The core viewpoint of the article is the emphasis on the importance of the Central Sixth Inspection Team's feedback and the subsequent rectification efforts by the National Energy Administration (NEA) to enhance political responsibility and ensure effective implementation of reforms [1][2][3] Group 2 - The NEA leadership has prioritized the rectification work as a political test and has established a responsibility system to ensure accountability at all levels [4][5] - The NEA has initiated a series of educational and reform measures based on Xi Jinping's important speeches and directives, focusing on energy supply security and the construction of a new power system [3][6] - The NEA has formed a rectification leadership group and established a detailed action plan to address the issues raised in the inspection feedback, ensuring that responsibilities are clearly assigned [4][5] Group 3 - The NEA is actively promoting the construction of a new energy system, including the implementation of carbon emission control measures and the development of renewable energy sources [8][9] - The NEA is working on enhancing the capacity of the power grid and ensuring the orderly development of renewable energy, including the establishment of a carbon accounting mechanism [9][10] - The NEA is also focused on reforming the energy system, including the establishment of a unified national electricity market and the promotion of oil and gas infrastructure [10][11] Group 4 - The NEA is committed to addressing major energy security risks by enhancing the safety management of the power grid and improving emergency response capabilities [11][12] - The NEA is implementing measures to ensure the supply of energy for heating and improving the service level for electricity access [12][13] - The NEA is also focused on strengthening the management of party discipline and enhancing the overall governance of the organization [13][14] Group 5 - The NEA plans to maintain a long-term rectification approach, ensuring that standards and efforts remain high while addressing deep-seated issues in the energy sector [14][15] - The NEA aims to integrate rectification efforts with daily operations, emphasizing the connection between inspection rectification and high-quality energy development [16][17] - The NEA is committed to deepening the application of inspection results and ensuring that both immediate and long-term issues are addressed effectively [18][19]

Core Viewpoint - Xinjiang is emerging as a crucial hub for trade and development, showcasing significant economic growth and potential in various sectors, including agriculture, energy, and infrastructure. Economic Development - Xinjiang's GDP is projected to reach 20,534.08 billion yuan in 2024, marking a significant increase from 7,499.47 billion yuan in 2012, with an average annual growth rate of 7.0% [3] - The region's per capita GDP is expected to rise from 33,495 yuan in 2012 to 78,660 yuan in 2024, reflecting a growth of 1.3 times [3] - The export of automobiles through the Horgos port reached 237,000 units from January to August this year, showing a year-on-year increase of 5.3% [2] Infrastructure and Resource Management - The Dashi Gorge Water Conservancy Project, with a maximum dam height of 247 meters, aims to alleviate water shortages for over 8 million acres of farmland, providing 3.42 billion cubic meters of ecological water annually [4] - Xinjiang's irrigation area has expanded from 16.81 million acres at the founding of New China to 99.17 million acres in 2024, with grain yield per acre increasing to 524.8 kg, ranking first in the country [5] Energy Sector - The Xinjiang Oilfield Company is set to achieve a historical milestone with a total oil and gas equivalent of 20 million tons this year, alongside the establishment of the first national shale oil demonstration zone [3] Cultural and Social Development - Initiatives promoting ethnic unity and cultural integration are being implemented, enhancing community ties among diverse ethnic groups [7][9] - The "Ma Bei Police Service Team" provides essential services to remote pastoral communities, reflecting the commitment to improving local livelihoods [8]