International News Market Transactions and Sentiment**: Data from the U.S. Commodity Futures Trading Commission (CFTC) for the week ending December 10 showed that speculators' net long positions in NYMEX WTI crude oil decreased by 12,448 contracts to 103,986 contracts, hitting a six-week low. Their net long positions in Brent and WTI crude oil decreased by 11,013 contracts to 215,325 contracts, while NYMEX gasoline net long positions increased to 73,037 contracts, hitting an approximately eight-week high. Statement by the Energy Minister**: Italy's energy minister said that if the Russia-Ukraine conflict ends, importing natural gas from Russia in the future will not be ruled out. This statement may have an impact on the future supply pattern of the international natural gas market.

Domestic News Progress of Enterprise Projects**: The ethylene plant of ExxonMobil's Huizhou Ethylene Phase I Project has entered the commissioning stage. The smooth progress of this project will help improve China's production capacity and technological level in the ethylene production field. Technological Innovation and Experiments**: China National Petroleum Corporation has carried out the industrial experiment on FCC flue gas carbon capture for the first time. This experiment is of great significance for reducing carbon emissions in the oil refining process and promoting the green and low-carbon development of the petroleum industry. Production Trends in Oilfields**: The total energy equivalent of Daqing Oilfield shows an upward, innovative and positive trend. It has achieved high-quality and stable crude oil production for 10 consecutive years, stable natural gas growth for 14 consecutive years. The output of tertiary oil recovery has exceeded 10 million tons again and achieved more than 10 million tons for 23 consecutive years ahead of schedule. The crude oil output of peripheral oilfields exceeded 6 million tons 66 days ahead of schedule, and the self-consumed power generation of new energy exceeded 700 million kilowatt-hours, which is 1.4 times the cumulative power generation over the years. Market Price Adjustment**: Shanghai has adjusted the benchmark price of residential bottled liquefied petroleum gas. Each bottle of 14.5 kg specification is priced at 100 yuan. The price adjustment will affect residents' daily living costs and the consumption structure of the relevant energy market.Industry Trends Implementation of Standards and Cooperation: Chinese standards have been implemented in Chad for the first time, reflecting the gradual increase in the influence of China's petroleum industry on the international stage and the international recognition of its experience in technology and management. Integrated Development of New Energy: Major oilfields in China have been accelerating the construction of new energy projects. For example, there are 19 photovoltaic and wind power projects under construction in Daqing Oilfield, with the installed capacity expanding six times compared to the same period last year. The 600,000-kilowatt centralized photovoltaic and wind power projects in Lindian, Heilongjiang and the 620,000-kilowatt ones in Guangxi have been fully launched. Meanwhile, geothermal heating projects have also been carried out, promoting the transformation of the petroleum industry towards green and low-carbon.