行业研究——周报：原油周报：俄气供应问题及美国寒潮推动国际油价反弹上涨

Investment Rating - The report rates the oil processing industry as "Positive" [1] Core Viewpoints - The recent rebound in oil prices is attributed to geopolitical tensions and increased energy demand due to cold weather in the U.S. [8] - The supply side is the essence of the current oil price cycle, with OPEC+ maintaining a strong ability to control prices through production adjustments [10] - Long-term oil demand is expected to continue growing, leading to a sustained tight supply situation and high oil prices in the medium to long term [9][10] Summary by Sections Oil Price Review - As of January 3, 2025, Brent and WTI oil prices were $76.51 and $73.96 per barrel, respectively, reflecting increases of 3.69% and 4.76% from the previous week [25] Oil Price Outlook - The report suggests that the U.S. shale oil production faces limitations due to resource quality degradation and inflationary pressures, while OPEC+ remains committed to maintaining high oil prices [9][10] Oil and Petrochemical Sector Performance - The oil and petrochemical sector saw a decline of 2.43% as of January 3, 2025, while the oil and gas extraction sector increased by 1.32% [12] Offshore Drilling Services - As of December 16, 2024, the number of global offshore self-elevating drilling rigs was 385, a decrease of 2 rigs from the previous week [30] U.S. Oil Supply - U.S. crude oil production was 13.57 million barrels per day as of December 27, 2024, a decrease of 10,000 barrels from the previous week [34] U.S. Oil Demand - U.S. refinery crude oil processing was 16.857 million barrels per day as of December 27, 2024, an increase of 41,000 barrels from the previous week [40] U.S. Oil Inventory - As of December 27, 2024, U.S. total crude oil inventory was 809 million barrels, a decrease of 918,000 barrels (-0.11%) from the previous week [41]