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市场关注俄乌问题进展,国际油价整体上涨 | 投研报告
Zhong Guo Neng Yuan Wang·2025-09-01 01:37

Core Viewpoint - International oil prices continue to rise, driven by geopolitical tensions and supply concerns, with Brent and WTI prices reaching $67.48 and $64.01 per barrel respectively as of August 29, 2025 [1][2]. Oil Price Review - As of August 29, 2025, Brent crude futures settled at $67.48 per barrel, up $0.26 per barrel (+0.39%) from the previous week; WTI crude futures settled at $64.01 per barrel, up $0.35 per barrel (+0.55%); Russian Urals crude spot price remained stable at $65.49 per barrel, while Russian ESPO crude spot price increased by $0.23 per barrel (+0.36%) [2]. Offshore Drilling Services - As of August 25, 2025, the number of global offshore self-elevating drilling rigs increased by 3 to a total of 373, with additions in Southeast Asia, Europe, and the Middle East; the number of global floating drilling rigs decreased by 2 to 131, with reductions in Africa and Southeast Asia [2]. U.S. Crude Supply - As of August 22, 2025, U.S. crude oil production was 13.439 million barrels per day, an increase of 57,000 barrels per day from the previous week; the number of active drilling rigs in the U.S. was 412, up by 1 rig [3]. U.S. Crude Demand - As of August 22, 2025, U.S. refinery crude processing volume was 16.880 million barrels per day, down by 328,000 barrels per day from the previous week; the refinery utilization rate was 94.60%, a decrease of 2.0 percentage points [3]. U.S. Crude Inventory - As of August 22, 2025, total U.S. crude oil inventory was 822 million barrels, a decrease of 1.616 million barrels (-0.20%); strategic crude oil inventory increased by 776,000 barrels (+0.19%) to 404 million barrels; commercial crude oil inventory decreased by 2.392 million barrels (-0.57%) to 418 million barrels [3]. U.S. Refined Product Inventory - As of August 22, 2025, U.S. gasoline inventory was 222.334 million barrels, down by 1.236 million barrels (-0.55%); diesel inventory was 114.242 million barrels, down by 1.786 million barrels (-1.54%); jet fuel inventory was 43.589 million barrels, up by 293,000 barrels (+0.68%) [4].