Falling oil prices will benefit the oil exploration industry.
Oil is an important part of the national economy. The global oil and gas market is close to $7 trillion. China is the largest oil and gas country in the world. However, China's oil production is dominated by oil exploitation, and crude oil accounts for about 60% of China's crude oil production. With the development of China's oil consumption structure from the original oil and gas consumption to conventional oil and gas and unconventional oil and gas. However, China's unconventional oil and gas resources are non-renewable and scarce, and their exploration and development are difficult, with high technical requirements, relatively high cost and slow effect, which determines that China's oil and gas exploration enterprises are basically in a monopoly position in the international oil market, so price adjustment has little impact on them. After the oil price falls, it has a great impact on the oil exploitation industry, which is conducive to the development of the oil exploitation industry. ?
Falling oil prices will benefit the refining industry.
The decline in international crude oil prices will lead to the decline in refined oil prices, thus reducing the cost of the refining industry. Petroleum refining industry refers to the production, transportation and sales of oil and natural gas in crude oil processing industry. Among them, petroleum refining is the main link of energy consumption in China, and its total consumption occupies an important position in the national economy and is also an important means of production. China's oil refining industry has been closely related to the trend of international crude oil prices.
Lower oil prices are good for the automobile and transportation industries.
The decline in refined oil is mainly beneficial to transportation, chemical fiber industry and automobile consumption. First of all, the main driving force of the transportation company is crude oil, and its cost accounts for a large part of the company's operation. Lower prices will increase the company's profit margin. Due to the cost reduction, the leading profitable enterprises in chemical, rubber and chemical fiber industries will be lower than expected. In addition, falling oil prices will push consumption into a new stage, especially for car dealers. It is estimated that with the increase of consumption, their profits will also increase.