原油周报：多重利空因素叠加，国际油价走跌-20250810

Investment Rating - The industry investment rating is "Positive" [1] Core Viewpoints - International oil prices have declined due to multiple negative factors, including tariff concerns and weak economic data from the US, leading to demand worries. Additionally, OPEC+ has agreed to increase production in September, raising expectations of supply surplus [2][8] - As of August 8, 2025, Brent and WTI oil prices were $66.59 and $63.88 per barrel, respectively, reflecting a decrease of 4.42% and 5.12% from the previous week [25][16] Summary by Sections Oil Price Review - Brent crude futures settled at $66.59 per barrel, down $3.08 (-4.42%) from the previous week. WTI crude futures settled at $63.88 per barrel, down $3.45 (-5.12%) [25][16] - The Urals crude price remained stable at $65.49 per barrel, while ESPO crude fell to $62.47 per barrel, down $4.68 (-6.97%) [25][16] Offshore Drilling Services - As of July 28, 2025, the number of global offshore self-elevating drilling platforms was 379, a decrease of 3 from the previous week. The number of floating drilling platforms remained at 133 [31][33] US Oil Supply - As of August 1, 2025, US crude oil production was 13.284 million barrels per day, a decrease of 30,000 barrels per day from the previous week. The number of active drilling rigs was 411, an increase of 1 rig [48][42] US Oil Demand - As of August 1, 2025, US refinery crude processing was 17.124 million barrels per day, an increase of 213,000 barrels per day. The refinery utilization rate was 96.90%, up 1.5 percentage points from the previous week [59][53] US Oil Inventory - As of August 1, 2025, total US crude oil inventory was 827 million barrels, a decrease of 2.794 million barrels (-0.34%). Strategic oil inventory increased by 235,000 barrels (+0.06%) [70][62]