Core Viewpoint - Oil futures are experiencing a downward trend, with the main contract reported at 433.6 yuan per barrel, a significant drop of 2.17% [1] News Summary - Egypt has raised gasoline prices, with 80-octane gasoline now at 17.75 Egyptian pounds per liter, 92-octane at 19.25 pounds, 95-octane at 21 pounds, and diesel at 17.5 pounds [2] - Indian refiners have purchased their first batch of Guyanese crude oil from ExxonMobil for delivery between December and January [2] - U.S. officials indicated productive discussions with India, which has reduced its oil imports from Russia by 50% [2] Institutional Perspectives - Dongwu Futures notes that oil prices are declining due to a potential breakthrough in Russia-Ukraine negotiations, with Trump indicating a summit with Putin to discuss ending the conflict. If Russian energy sanctions are lifted, it could significantly impact Western energy markets, particularly the currently tight diesel market. The latest EIA report showed a much larger-than-expected increase in U.S. crude oil inventories, with refinery utilization rates indicating deepening autumn maintenance. The firm maintains a bearish long-term outlook but acknowledges the possibility of a return of geopolitical risk premiums in the short term [3] - Yide Futures attributes the drop in oil prices to easing geopolitical tensions, with Trump planning a summit with Putin to discuss the end of the Russia-Ukraine war, which introduces uncertainty into global energy supply. The recent EIA inventory report revealed a substantial increase in U.S. crude oil inventories, primarily due to a significant decline in refinery utilization rates as they enter the autumn maintenance season. U.S. production has reached a record high of 13.636 million barrels per day. The potential cessation of Russian oil imports by India is expected to reshape oil flows and increase supply demand in other regions. Data shows a continued decline in monthly spreads, with mixed movements in crack spreads, and the market remains undervalued [3]
俄乌和谈再次出现转机 原油盘面继续低估值运行
Jin Tou Wang·2025-10-17 06:20