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OPEC+8月已按计划上限实施增产 | 投研报告
Zhong Guo Neng Yuan Wang·2025-09-18 01:43

Oil Price Sector - As of September 16, 2025, the prices for Brent crude, WTI crude, Russian EPSO crude, and Russian Urals crude are $68.47, $64.52, $63.69, and $65.49 per barrel respectively [1][2] - The month-on-month price changes for major oil products are as follows: Brent crude (+2.81%), WTI crude (+2.90%), Russian EPSO (+3.02%), and Russian Urals (0.00%) [1][2] - Year-to-date price changes from the beginning of 2025 to September 16, 2025, show Brent crude (-9.82%), WTI crude (-11.77%), Russian EPSO (-11.48%), and Russian Urals (-4.41%) [2] Oil Inventory Sector - The IEA, EIA, and OPEC predict global oil inventory changes for 2025 to be +195.06, +171.83, and -53.06 thousand barrels per day respectively, with adjustments from August predictions being +17.80, +9.25, and -17.83 thousand barrels per day [2] - The average forecast for global oil inventory changes in 2025 is +104.61 thousand barrels per day, an increase of +3.07 thousand barrels per day from the previous month [2] Oil Supply Sector - For September 2025, the IEA, EIA, and OPEC predict global oil supply to be 10,582.51, 10,552.82, and 10,460.46 million barrels per day respectively, with increases from 2024 supply being +267.18, +233.92, and +200.88 million barrels per day [3][4] - The 2026 oil supply predictions are 10,787.62, 10,664.34, and 10,618.42 million barrels per day, reflecting increases of +205.12, +111.53, and +157.96 million barrels per day from 2025 [3] Oil Demand Sector - The IEA, EIA, and OPEC forecast global oil demand for 2025 to be 10,387.45, 10,380.99, and 10,513.52 million barrels per day respectively, with year-on-year increases of +73.68, +89.62, and +129.47 million barrels per day [5] - For Q3 2025, the demand predictions are +93.54, +116.34, and +156.83 million barrels per day, with adjustments from August predictions being +40.99, +12.22, and -0.07 million barrels per day [5] Related Companies - Relevant listed companies include China National Offshore Oil Corporation (CNOOC), China Petroleum & Chemical Corporation (Sinopec), and China National Petroleum Corporation (PetroChina) among others [6]