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    Lixin Ren

    Senior Research Analyst at Haitong Securities

    Lixin Ren is a Senior Research Analyst at Haitong Securities, specializing in oil and gas sector analysis with a focus on global energy market dynamics. He closely covers international energy companies, particularly those involved in the upstream and downstream oil and gas industries, and is recognized for his in-depth reports and market insights, though specific quantitative performance metrics and rankings are not publicly available. Ren has built his career at Haitong Securities, contributing expert commentary on supply, demand, and pricing in the oil and gas field, and has become a sought-after expert for institutional investor calls and market analysis in this domain. While formal information about securities licenses or FINRA registration is not public, his senior analyst status at one of China’s leading brokerages attests to his professional standing and expertise.

    Lixin Ren's questions to PETROCHINA CO (PCCYF) leadership

    Lixin Ren's questions to PETROCHINA CO (PCCYF) leadership • Q2 2022

    Question

    Lixin Ren from Haitong Securities inquired about the supply and demand dynamics in the international oil and gas markets, including price assumptions, and asked about the specific impact of COVID-19 on PetroChina's production and operations.

    Answer

    Senior Vice President Ren Lixin stated that global crude demand growth is below expectations due to economic slowdowns, with prices fluctuating at high levels. He anticipates international LNG spot prices will remain elevated in the near term before trending down. He acknowledged that COVID-19 contributed to a 6.1% year-over-year decline in PetroChina's refined oil sales volume, but noted a substantial increase of over 10% in diesel sales. The company managed these challenges by adjusting resource allocation and product structures to ensure stable operations.

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