中金石油钻井星期一分析师俄委联手斯伦贝谢宣布裁员价格实习工作相关en update.pdfVIP

CICCOilGas

drillbits

Monday,Jan19,2015CST

Analyst:BinGuan

～～～RussiaandVenezuelaworktogethertoprotectoilmarkets;BP,Schlumberger

announcedjobcuts

[PriceUpdate]

LastFriday,crudeFebprice:WTI=US$48.7/bbl,up5.3%;Brent=US$50.17/bbl,up

5.2%.

Factorstodriveup(+ve)/down(-ve)prices

[+ve]

IEAforecaststhatproducersoutsideofOPECwillboostoutputthisyear

Short-covering

[Newshighlights]

»RussiaandVenezuelaworktogethertoprotectoilmarkets

VenezuelaagreedtostepuptheinvestmentandparticipationofRussiancompaniesandtheir

shareofjointventuresintheOrinocooilbeltandotherprojectsandpromisedtoworktogether

withRussiatoprotectoilmarketsaswellasrestoreprices.

16Jan,2015»Source:RT»

»BP,Schlumbergerannouncedjobcuts

BPPLCannouncedonThursdaythatitwouldlayoffabout300peopleintheNorthSeahub.

Schlumbergerhasannounced9,000layoffsamongits123,000employees

16Jan,2015»Source:BBC,Advertiser»

»ShellopensnewGTLbaseoilhubinU.A.E

Shellhasopenedanewgas-to-liquids(GTL)baseoilhubinJebelAli,UAE,andhasmadethe

company’sfirstdeliveryofGTLbaseoil.

16Jan,2015»Source:TradeArabia»273485.html

[StockPerformance]

oilsADRpricemovementlastnight

Pet(PTRUS),up1.2%,1.4%HKcls

Sinopec(SNPUS),up1.0%,1.2%HK

CNOOCLtd(CEOUS),up2.4%,2.1%HK

COSL(CHOLYUS),down1.5%,0.2%HK

ShanghaiPetrochem(SHIUS),down0.7%,0.3%HK

oilsA/H-shrrelativepricingpremium/discount(+/-)

Pet,80%

Sinopec,40%

COSL,85%

ShanghaiPetrochemSPC,131%

SOSC(Yizheng),