上海原油期货对胜利油田的影响和建议

Implications and Suggestions for Shengli Oilfield about Shanghai Crude Oil Futures Launch

2018年3月26日,国内首个中质含硫原油期货在上海国际能源交易中心上市交易,首行合约1809已于2018年9月7日平稳交割。针对上海原油期货上市运行交割和胜利原油入选交割油种的有利条件,作为国内的油田企业胜利油田应持续关注上海原油期货上市运行与胜利原油入选交割油种的积极影响,审视总部政策制度变化、优化资源资金投入,合力解决胜利原油实物交割所面临的交割油源储备、交割库准备和业务开展能力不足等条件制约,打通期货服务企业的"最后一公里",体现胜利原油油种的实物影响和交割价值;同时,积极利用上海原油期货在完善油田原油销售定价和对冲原油价格波动风险方面的效用,适时开展原油套保类期现业务,助力经营绩效提升,推进油田转型发展。

On March 26th, 2018, China’s first trading of medium sour crude oil futures was launched at the Shanghai International Energy Exchange, with its frst futures contract SC1809 settled smoothly on September 7th, 2018. As a major Chinese oil company, Shengli Oilfield, with the tailwind of Shengli crude oil selected delivery variety of Shanghai crude oil futures, should continue to follow the resultant positive infuence on crude oil futures and the policy change from Sinopec headquarters, and optimize resource and capital input to jointly address the constraints on inventory, warehouse and business capability in physical delivery of Shengli crude oil, clear the ＂last mile＂ issues in futures market service, and refect the infuence and value of Shengli crude oil as physical commodity in futures trading. Meanwhile, Shengli Oilfeld should take full advantage of the functions of Shanghai crude oil futures in better pricing of crude oil and hedging of price fuctuation risk, and take on crude oil hedging operations in time to help boost its business proft and transformation.