The international crude oil futures price broke through the 100 mark for the first time.
On the first trading day of 2008, international oil prices rose sharply. By about 2 12: 06 EDT, the price of light crude oil futures for February delivery in the New York Mercantile Exchange reached $0 100 per barrel in electronic trading, setting a new record for international crude oil futures of $99.29 per barrel in 2007.
A variety of factors have led to a sharp rise in international crude oil prices. The domestic situation in Nigeria, Africa's major oil producer, continues to be turbulent. On June 1, militants attacked the country's main oil-producing areas, causing many deaths. The Organization of Petroleum Exporting Countries (OPEC) warned on the 2nd that it may not be able to meet the demand of the international crude oil market by 2024. In addition, the dollar continued to depreciate against the currencies of major western countries on the same day, and the international gold and major commodity futures prices continued to rise. (xinhuanet)
Industries directly affected by rising oil prices
Oil prices directly or indirectly affect a wide range of industries. In the context of rising oil prices, the relevant beneficiary sectors of rising oil prices will inevitably have corresponding performance in the secondary market. And investors pay attention to the oil price benefit plate, which can get better structural profit opportunities in the 2008 market.
1, directly benefiting industries
Oil exploration, oil equipment manufacturing and oil transportation industries are undoubtedly the direct beneficiaries of rising oil prices. First of all, as an upstream industry, the oil exploitation industry is undoubtedly the most direct beneficiary of rising oil prices. Secondly, high oil prices have directly promoted the acceleration of oil development, so the equipment manufacturing and oil transportation industries related to oil exploitation will inevitably benefit from the improvement of industry prosperity. This department specifically includes crude oil mining enterprises, petroleum engineering contractors, petroleum machinery manufacturers, oilfield maintenance and pipeline transportation enterprises. At present, there are not many listed companies in the two cities, and only a handful are worthy of attention.
2. Energy substitution industry
There is no doubt that coal has the biggest substitution role in related energy products. The increase in the overall demand for resources and the increase in the price of products (petroleum) with similar characteristics have prompted the coal price to continue to rise. Electricity and other alternative energy industries are undoubtedly the main indirect beneficiaries in the process of rising oil prices. In particular, hydropower listed companies and new energy industries that are not affected by rising coal and oil prices.
3. Listed companies that can absorb the pressure of rising oil prices.
For example, in the aviation industry, on the surface, in the process of rising oil prices, the increase in jet fuel prices, which accounts for a large proportion of its costs, may be damaged, but this is not the case. On the one hand, the domestic jet fuel price is under control, and the jet fuel price may not rise with the oil price year-on-year. In addition, the fuel surcharge actually helps airlines completely absorb the pressure of rising costs. On the other hand, under the background of booming economic development and rising oil prices, the passenger load factor of airlines has increased and the fare discount has decreased (that is, the actual price increase), but the profit level of airlines has increased.
In addition, high oil prices have also formed substantial benefits for coal chemical industry and calcium carbide chemical industry. In the process of rising oil prices, coal chemical enterprises with coal as raw materials have obvious cost advantages compared with chemical enterprises with oil and natural gas as raw materials. Include coal tar, synthetic ammonia, methanol, etc. , its products can get the corresponding price increase space with the rise of oil price. In particular, companies with supply gaps such as PVC, PTA and MDI have strong price adjustment ability, which deserves attention. (Guangzhou Wanlong)