The decline in the international crude oil market is due to US sanctions against Russia. The price of crude oil may have fallen below the cost price. In fact, the same is true of gold, copper, plastics, rebar and iron ore, and commodities have fallen out of sight. Gold can survive without it, but the consumption of crude oil as energy is still very large. Therefore, it is still necessary to continue mining. It is normal that the mining cost of Daqing and other oil fields (basically fixed) will deviate from the international crude oil futures price (affected by economic and political factors).
Just like the cost of Apple's online exposure is 1000 yuan, now we sell it for 5,000 to 6,000 yuan. If the specialty store sells for 4000 yuan, they will definitely lose money. The reason is the same. Cost belongs to cost, period channel and labor cost, which is different from the perspective of national strategy.