Oil and gas concept stocks usher in a good start

Sinochem New Network News On the first trading day of the Year of the Tiger, oil and gas concept stocks collectively rose sharply

Industry insiders generally believe that the reduction in supply is the main reason behind the recent rise in international oil prices

Jinlianchuang crude oil analyst Xi Jiarui said that in the first week of February this year, the weather in most parts of the central and eastern parts of the United States was colder than the same period in previous years.

"International oil prices continued to break through after the oversold rebound in January this year, mainly for several reasons: First, the market bet that the economy and fuel demand will recover faster; At present, the supply expansion of oil-producing countries is blocked, and the expectation that crude oil supply lags behind the growth rate of demand has exacerbated the concern of tight balance

Regarding the later trend of the crude oil market, Minsheng Securities analyzed that the supply and demand of the global crude oil market will maintain a tight balance in 2022

Minsheng Securities recommends focusing on the upstream crude oil extraction industry, whose profitability benefits from rising crude oil, and the oil service industry, which benefits from capital expenditure growth under high oil prices

The "China Ocean Energy Development Report 2021" released by the CNOOC Energy Economics Research Institute pointed out that the increase in China's offshore crude oil production exceeds 80% of the national increase, and the output will continue to increase in 2022

Based on this, Everbright Securities predicts that the overall supply and demand pattern of crude oil will be good in the future.