摘要
2014年6月至今,国际油价迎来一轮单边下行走势,布伦特和WTI两种国际基准油价分别跌至近五年最低水平。本轮国际油价暴跌是由于石油输出国组织(OPEC)常规油与美国页岩油的市场份额博弈等诸多因素综合作用导致,给美国页岩油发展带来沉重的成本压力和市场压力。在此背景下,美国页岩油生产企业选择采用回撤核心产区、压缩生产成本、选用金融工具避险、推迟完井和重新投入页岩气资产开发等策略,积极应对低油价对页岩油生产的挑战。
Since the unilateral downward trend in global oil prices ushered in in June 2014, both international benchmark prices, Brent and West Texas Intermediate(light sweet), in their separate ways dropped sharply to their lowest levels in almost five years. The current round of international oil price declines is due to the struggle for market share between OPEC conventional oil and US shale oil and the combined effect of multiple other factors, bringing heavy cost and market pressure to bear on US shale oil development. In this context US shale oil producers are choosing strategies such as withdrawing to the core production areas, reducing production cost, using financial instruments to hedge, postponing well completion, and re-investing in shale gas development, in active response to the low oil-price challenge to shale oil production.
出处
《国际石油经济》
2015年第5期74-79,112,共6页
International Petroleum Economics
