原油&燃料油数据日报-20250813

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - International oil prices are oscillating. The meeting between Russian President Putin and US President Trump in August 2025 may discuss a long - term peace plan to end the Ukraine war. OPEC+ decided to increase crude oil production by 547,000 barrels per day in September, ending the first - stage复产 work one year ahead of schedule. Geopolitical factors and supply - side changes may lead to a long - term downward trend in crude oil prices. For fuel oil, due to weak power demand in the Middle East and increased production, and with OPEC's continued production increase weakening crude oil sentiment, fuel oil is expected to remain weak. The recommended operation strategy for both crude oil and fuel oil is to wait and see [3]. 3. Summary by Related Catalogs 3.1 Market News - Russian President Putin and US President Trump will meet in Alaska on August 15, 2025, to discuss a long - term peace plan to end the Ukraine war. Trump plans to promote a "Putin - Zelensky - Trump" tripartite meeting, but Ukraine opposes excluding European countries. Russia's core demands include Ukraine's recognition of the sovereignty of Russian - occupied areas and abandonment of joining NATO. The US tries to fulfill the "100 - day cease - fire" commitment through a cease - fire agreement [3]. - OPEC+ 8 - country meeting decided to increase crude oil production by 547,000 barrels per day in September, ending the first - stage复产 work one year ahead of schedule. The next meeting will be held on September 7 to discuss future production policy changes [3]. 3.2 Futures Market Data 3.2.1 Futures Closing Prices - Domestic Market: SC crude oil closed at 495.2 yuan/barrel, up 5.8 yuan (+1.19%); FU high - sulfur fuel oil at 2770 yuan/ton, up 10 yuan (+0.36%); LU low - sulfur fuel oil at 3502 yuan/ton, up 39 yuan (+1.13%) [3]. - Foreign Market: WTI crude oil at 64 dollars/barrel, unchanged; Brent crude oil at 66.71 dollars/barrel, unchanged; Nymex gasoline at 2.0775 dollars/gallon, unchanged; ICE diesel at 669 dollars/ton, unchanged; Nymex natural gas at 2.984 dollars/mmBtu, unchanged [3]. 3.2.2 Spread Data - Crude Oil Spreads: SC - WTI spread increased by 0.80 yuan/barrel (+17.62%); SC - Brent spread increased by 0.80 yuan/barrel (+43.73%); Brent - WTI spread remained unchanged at 2.71 dollars/barrel [3]. - Fuel Oil Spreads: FU - SC spread decreased by 4 yuan/ton (+6.58%); LU - SC spread increased by 1 yuan/ton (+0.46%); LU - FU spread increased by 29 yuan/ton (+4.13%) [3][4]. 3.3 Spot Price Data - Crude Oil: Oman crude oil decreased by 0.62 dollars/barrel (-0.89%) to 68.76 dollars/barrel; Russian ESPO decreased by 0.46 dollars/barrel (-0.73%) to 62.47 dollars/barrel; Brent Dtd increased by 0.18 dollars/barrel (+0.26%) to 68.15 dollars/barrel [4]. - Fuel Oil: Singapore high - sulfur fuel oil decreased by 9 dollars/ton (-2.23%) to 394 dollars/ton; Singapore low - sulfur fuel oil decreased by 3 dollars/ton (-0.61%) to 486.5 dollars/ton [4]. 3.4 Fundamental Data - US EIA Data: US commercial crude oil inventory decreased by 3029 thousand barrels (-0.71%) to 423,662 thousand barrels; gasoline inventory decreased by 1323 thousand barrels (-0.58%) to 227,082 thousand barrels; distillate oil inventory decreased by 565 thousand barrels (-0.50%) to 112,971 thousand barrels; US production decreased by 30 thousand barrels/day (-0.23%) to 13,284 thousand barrels/day; refined oil inventory decreased by 141 thousand barrels (-0.32%) to 44,681 thousand barrels [4]. - Singapore ESG Data: Singapore fuel oil inventory increased by 314 thousand barrels (+1.34%) to 23,699 thousand barrels [4]. - Exchange Warehouse Receipts: SC crude oil warehouse receipts remained unchanged at 4,767,000; FU fuel oil warehouse receipts remained unchanged at 92,710; LU fuel oil warehouse receipts remained unchanged at 21,050 [4]. 3.5 Macro and Shipping Data - Macro Data: The US dollar index was at 98.267, up 0.2343 (+0.24%); the US 10 - year Treasury yield remained unchanged at 4.27%; the RMB/US dollar exchange rate remained unchanged at 7.2545 [4]. - Shipping Data: The Baltic BDI index was at 2038, down 13 (-0.63%); the crude oil freight rate BDTI index was at 1013, up 2 (+0.20%); the refined oil freight rate BCTI index was at 656, down 15 (-2.24%) [4].