智通财经网·2025-09-02 07:55Group 1 - The core viewpoint of the report is that Brent crude oil prices are expected to trend downward, with a projected trading range of $62-69 per barrel, influenced by seasonal demand and OPEC+ production increases [1][2] - In August, the average prices for Brent and WTI crude oil were $67.3 and $64.0 per barrel, reflecting a month-on-month decrease of 3.3% and 4.7% respectively [1] - OPEC+ has agreed to increase oil production by 548,000 barrels per day starting in September, marking the fifth consecutive month of production increases, which is expected to raise global oil supply expectations [1][2] Group 2 - In the first seven months of the year, China's apparent crude oil demand increased by 1.6% year-on-year, with crude oil processing at 425 million tons, a 2.6% increase [3] - China's natural gas apparent demand saw a slight increase of 0.4% year-on-year, with consumption at 2,455 billion cubic meters [4] - In contrast, China's apparent demand for refined oil decreased by 5.0% year-on-year, with refined oil production at 236 million tons, a decline of 5.7% [5]