In recent days, the three major oil giants: PetroChina, Sinopec and Sino -China Sea Oil's senior officials have successively spoke in succession, asking enterprises to make response measures and prepare to accept challenges from dark moments. What is the dark moment?It is the reality of the current plunge in oil prices, and low oil prices will continue.To this end, all three barrels of oil have proposed important measures to deal with, prepare for long -term ideas, and implement cost reduction and efficiency. Today is April 29, PetroChina and Sinopec announced their financial reports in the first quarter of 2020, respectively.PetroChina's net loss was 16.23 billion yuan, and Sinopec's net loss was 19.782 billion.The two barrels of oil combined with a total of more than 36 billion yuan.It is true that in the first quarter of 2020, the demand decreased sharply due to the impact of the new crown pneumonia. However, the decline in international oil prices was very real. On April 28, the storage space was influenced. In June, US oil futures fell 15%, and the closing price was about $ 10/barrel; Brent in July crude oil futures fell 2.64%to US $ 22.45/barrel.Such low oil prices have already surpassed the floor price of oil price adjustment, that is, $ 40.Although it is lower than the floor price, oil prices in my country's retail market have not been affected. Although according to regulations, once the international oil price is lower than $ 40 per barrel, the price of refined oil in actual sales in my country has become a risk reserve that must be paid to the Central Treasury.However, the first quarter of Petrochemical Petrochemical was so unexpected. At present, my country's refined oil market is in an absolute monopoly, and operating companies are three barrels of oil.After decades of development, the oil industry has built a relatively complete industrial chain: upstream exploration and development, midstream transportation and downstream refining and sales.PetroChina is the largest upstream exploration enterprise in China, but there are relatively few downstream business, while Sinopec has the largest refining and sales sector in China. At the same time, my country is the world's largest oil importer.Domestic self -produced oil cannot meet the demand, and imported crude oil is more than 70%each year. Based on the above factors, when the international ultra -low oil prices are contends, the huge domestic oil exploration and development capabilities will be transformed into a heavy cost burden; when international oil prices rise, this midstream transportation and downstream refining sales have limited income growth.In this way, whether it is oil prices rising or oil prices have plummeted, my country's oil companies have always lost money. Of course, because the oil industry is monopolized by state -owned enterprises, the corresponding rigid costs are also an important factor affecting income.Otherwise, the measures of the three barrels of oil are the reduction of cost reduction and efficiency, which will reduce costs as the unique and important measures to improve corporate benefits. Three barrels of oil in the domestic basic energy industry are one of the hard costs of various domestic economic activities to some extent.Originally, international oil prices are now in a super low state, and my country is a big country of imports. Even if it is the refining of crude oil imported three or four months ago in the market, it is not short for oil prices. If it can follow the trend, it can follow the trend. To reduce the price of the domestic market oil products, at least, it can greatly reduce the cost of various domestic economic activities in a large area. It greatly reduces the cost of various domestic economic activities, so that domestic commodity services, especially transportation costs, have greatly reduced.Obviously, this is to increase the competitiveness of domestic products or services and improve the reasonable choice of sales and consumption.However, the existence of floor prices allows the risk reserve to pay the state treasury. Indeed, this significance is also great.However, compared with the cost of reducing domestic goods and services, the latter may be more value. The well -known fact is that the areas where state -owned enterprises exist are high and inefficient.Like the domestic oil industry, the existence of three barrels of oil directly monopolizes the upstream and downstream areas, leading to the overall cost rigidity, so that whether the international oil price is high or low, it cannot make state -owned enterprises gain sufficient profits.EssenceFor example, CNPC's 2019 financial report shows that due to factors such as overcapacity, narrowing gross profit space, decline in chemical products, and the marketization marketization of the company.A year -on -year decrease of 69.2%. At this point, I think that it may break the monopoly and let go of competition, which can also ensure the safety of my country's energy field. The key is that this can bring high efficiency and cost reduction, which is fully conducive to my country's overall economy competitiveness.Not to mention, there are still a small amount of private oil companies in Shandong in China. Although there are restrictions on imported quotas, not only can it achieve profitability, but also has made very obvious changes in the price of refined oil in the Shandong region. In short, if the company has a long -term loss, it is always expected to be subsidized by the government, and it is better to go bankrupt in such enterprises, otherwise it will be overcapacity.If the domestic petrochemical industry may not be allowed to compete, it will not become the government's burden as it is now, and it will not allow the domestic economy to enjoy the benefits of international oil prices.After all, energy is not only oil, but also the field of oil, as well as hydropower, nuclear power, and new energy.
