Influences of Global Oil Price Fluctuations on the Adjustment of China’s Overseas Oil and Gas Assets
Hou Jinping1, Hou Mingyang2
1. Yantai Highway Business Development Center;
2. Oil and Gas Planning Institute of the Sinopec Petroleum Exploration and Production Research Institute
Influences of Global Oil Price Fluctuations on the Adjustment of China’s Overseas Oil and Gas Assets
Hou Jinping1, Hou Mingyang2
1. Yantai Highway Business Development Center;
2. Oil and Gas Planning Institute of the Sinopec Petroleum Exploration and Production Research Institute
摘要Since the second half of 2020, the volatile trend of global oil prices and the transformation development of oil companies have had a large impact on the global crude oil market. From the perspective of oil price fluctuations, although the oil price is in a relatively high range at the current stage, it is still bound by the low oil price cycle and does not have the basis for an uptrend in the long term. From the perspective of oil company transformation, although the attitudes and paths of European and U.S. oil companies responding to the energy transition differ greatly, they both value the role of the M&A market for oil and gas resources in optimizing their asset portfolios, especially at the current stage of higher oil price levels. For China's oil companies, first, they should grasp the trend of global oil prices as accurately as possible; second, they should make full use of the “window period” of the asset divestment of global oil companies to identify and strive to obtain high-quality overseas oil and gas assets; and third, they should learn from the experience of international companies operating overseas and continuously optimize their overseas oil and gas assets.
Abstract：Since the second half of 2020, the volatile trend of global oil prices and the transformation development of oil companies have had a large impact on the global crude oil market. From the perspective of oil price fluctuations, although the oil price is in a relatively high range at the current stage, it is still bound by the low oil price cycle and does not have the basis for an uptrend in the long term. From the perspective of oil company transformation, although the attitudes and paths of European and U.S. oil companies responding to the energy transition differ greatly, they both value the role of the M&A market for oil and gas resources in optimizing their asset portfolios, especially at the current stage of higher oil price levels. For China's oil companies, first, they should grasp the trend of global oil prices as accurately as possible; second, they should make full use of the “window period” of the asset divestment of global oil companies to identify and strive to obtain high-quality overseas oil and gas assets; and third, they should learn from the experience of international companies operating overseas and continuously optimize their overseas oil and gas assets.
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出版日期: 2022-11-05
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引用本文:
Hou Jinping, Hou Mingyang. Influences of Global Oil Price Fluctuations on the Adjustment of China’s Overseas Oil and Gas Assets[J]. 中国油气, 2021, 28(6): 48-53.
Hou Jinping, Hou Mingyang. Influences of Global Oil Price Fluctuations on the Adjustment of China’s Overseas Oil and Gas Assets. China Oil & Gas, 2021, 28(6): 48-53.
2021, Vol. 28 
