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Hunan Weide Investment Promotion, Hunan Weide Account Opening, Hunan Weide Agent__ /> Three barrels of oil are facing a difficult winter.
The decision not to cut production at last Friday’s meeting once again hit oil prices hard. On Monday, January 1, U.S. West Texas Intermediate crude oil futures plummeted to US$/barrel, setting a new year low. Brent oil prices also fell to $/barrel, hitting a new low in years.
For Three Barrels of Oil, low oil prices have continued to shrink the profits of the upstream exploration sector, while the sharp drop in non-civilian natural gas prices will also cause its high-speed growth sector to suffer losses.
Li Li, director of energy research at ICIS, said in an interview with a reporter from the "Daily Economic News" that the continued low oil prices have inhibited the high growth of Sanbarrel's crude oil production, and the company's output may further decrease in the future. Faced with low oil prices, Sanbo Oil didn't have much other options besides cutting expenses and improving efficiency. It could only find a way to get through it.
Exploration profits have dropped by more than 100 billion
The continued low oil prices since last year have sluggish the overall performance of Sanbarrel Oil, and the oil prices directly affect the upstream exploration and development sector, causing heavy losses. Among them, only two companies, PetroChina and Sinopec, saw their exploration profits drop by more than 100 million yuan in the first three quarters of this year.
According to the announcement, PetroChina achieved a net profit of 100 million yuan in the first three quarters of this year, a year-on-year decrease. Sinopec achieved a net profit of 100 million yuan in the first three quarters, a year-on-year decrease. In the third quarter results of CNOOC, oil and gas sales revenue was 100 million yuan, a year-on-year decrease.
Spot crude oil agent Hunan Weide Investment Promotion