The hottest sneak attack on low oil prices succeed

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The sneak attack on "low oil price" succeeded. China increased its oil reserve base again.

the international oil price broke through the $75 per barrel mark, and China's strategic oil reserve action was not affected by the rise in oil prices

China business daily learned from insiders that China's oil reserve base, which has been built at present, has been fully reserved as early as the first half of this year, "most of the reserves were completed at the lowest oil prices."

it is revealed that the national development and Reform Commission has recently completed the examination and approval of the feasibility study report on the construction of Tianjin petroleum reserve base, and conveyed the formal construction opinions to Sinopec, which marks that the Tianjin petroleum reserve base constructed by Sinopec has been widely used in military construction sites and has officially entered the construction stage

sneak attack on the lowest point of oil price

"all the oil reserve bases that have been built have stored oil before the oil price rises." Insiders involved in oil reserves told that China's oil reserves will not be troubled by the recent rise in oil prices

at present, domestic oil reserve bases have been built in Zhenhai, Zhoushan, Huangdao and Dalian. The person did not disclose the specific price of oil import, but revealed that "after negotiating with the seller on oil price, the oil price has risen during maritime transportation."

it is understood that the lowest crude oil price in 2009 was $33/barrel around the Spring Festival

at that time, the staff of cosco-1, which undertook the task of importing oil for PetroChina, Sinopec and CNOOC, told: "even in the Spring Festival, the three major oil groups did not stop importing crude oil."

according to the source, China's favorite is the oil transportation route from the Middle East to the Far East. "The oil price and oil transportation price in the Middle East are relatively cheap."

the right time and place helped China win the first stage of oil reserves in the best period

in addition to the above time points, China's oil reserve base once imported a small amount of oil in 2007. The staff of Sinopec Zhenhai oil reserve base told that the first batch of crude oil reserves in the oil reserve base had been completed before 2008, and its oil import price was $50/barrel, and then the oil price rose to $147/barrel

it is understood that China's current average oil storage cost is $58 per barrel, and the current international oil price has exceeded $75 per barrel

the situation of oil reserves is delicate. As of October 15, the international oil price has exceeded the $75 per barrel mark, which is a subtle signal for future oil reserves. At the beginning of the year, the two major oil groups had predicted that the oil price in 2009 would be between $50 and $70 per barrel, while the current price of $75 per barrel just exceeded this expectation

according to PetroChina insiders, PetroChina has an information screening and oil price prediction team composed of 10 people. This research department is rarely known to the outside world. It is responsible for providing price forecasts and market decisions for crude oil and refined oil for PetroChina, the world's top five oil giant. These decision-making information is strictly confidential. According to the different time points of monthly, quarterly and annual reports, it determines the short-term and medium-term market behavior of PetroChina

almost every domestic oil company has such a "think tank" department. The final executors of their decisions are Zoomlion and Zoomlion, which are responsible for purchasing and transporting a large amount of crude oil from overseas. Due to cost constraints, whether to continue oil reserves at present is a dilemma with known resistance values of R1 and R2. Yue laiqun, a doctor from the oil and gas strategy research center of the Ministry of land and resources, said: "compared with the high oil price in the past, the current oil price still has reserve potential."

Ernst & Young said in its annual exploration and development survey report that 2008 was a key turning point in the energy industry. After the oil price continued to rise and rose to 1 per barrel in the summer of 2008, and China's wide-ranging utilization has just begun to reach a record high of $47, energy prices have fallen sharply due to the worst economic recession in decades

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