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原油周报：中东局势急剧升级，油价大幅攀升-20250615
Xinda Securities·2025-06-15 07:46

Investment Rating - The industry investment rating is "Positive" [1] Core Insights - Oil prices have significantly increased due to escalating geopolitical tensions in the Middle East, with Brent and WTI prices reaching $74.23 and $72.98 per barrel respectively as of June 13, 2025 [7][28] - The EIA has adjusted its supply forecast upwards while lowering the demand forecast, contributing to price fluctuations [7] - The oil and petrochemical sector has shown resilience, with the sector index rising by 3.50% during the week ending June 13, 2025, while the broader market (CSI 300) fell by 0.25% [8][10] Oil Price Summary - As of June 13, 2025, Brent crude futures settled at $74.23 per barrel, up $7.76 (+11.67%) from the previous week, while WTI crude futures rose to $72.98 per barrel, an increase of $8.40 (+13.01%) [28] - The Urals crude price remained stable at $65.49 per barrel, while ESPO crude increased by $6.52 (+10.66%) to $67.70 per barrel [28] Offshore Drilling Services - The number of global offshore self-elevating drilling rigs decreased to 377, with a reduction of 3 rigs from the previous week [33] U.S. Oil Supply - U.S. crude oil production reached 13.428 million barrels per day, an increase of 20,000 barrels from the previous week [49] - The number of active drilling rigs in the U.S. decreased to 439, down by 3 rigs [49] U.S. Oil Demand - U.S. refinery crude processing increased to 17.226 million barrels per day, up by 228,000 barrels from the previous week, with a refinery utilization rate of 94.30% [60] U.S. Oil Inventory - Total U.S. crude oil inventory stood at 834 million barrels, a decrease of 3.407 million barrels (-0.41%) from the previous week [69] - Strategic oil reserves increased slightly to 402 million barrels, while commercial crude oil stocks fell to 432 million barrels [69] Related Companies - Key companies in the sector include China National Offshore Oil Corporation (CNOOC), China Petroleum & Chemical Corporation (Sinopec), and China National Petroleum Corporation (PetroChina) [1]