油价基本面驱动不足，但存地缘扰动 | 投研报告

Group 1 - The core focus is on the recent attack on Russian oil loading ports, which has led to a strengthening of crude oil prices on Friday. Additionally, EIA reported increases in both crude oil and refined product inventories [1] - The petrochemical industry index underperformed this week, declining by 0.41% compared to the previous week, while the oilfield services sector showed the best performance within the petrochemical sector, with a rise of 3.98% [1] - The report highlights the importance of monitoring domestic commodity prices and the ongoing progress in eliminating outdated facilities and upgrading within the petrochemical industry [1] Group 2 - In the upstream sector, any future geopolitical developments that lead to a premium on crude oil would benefit upstream stocks [1] - In the refining sector, an improvement in demand, along with progress in eliminating outdated production capacity, would be favorable for midstream refining [2]