原油日报：由于炼厂遇袭减产，俄罗斯将释放更多原油用于出口-20250827

Report Summary 1. Report Industry Investment Rating - Short - term: Oil prices will fluctuate within a range; Medium - term: Bearish allocation [3] 2. Core View - Due to the disruption of refinery operations caused by Ukrainian drone attacks, Russia has increased its August crude oil export plan from western ports by 200,000 barrels per day, but it's uncertain whether the increased supply can be exported, especially under the background of the US imposing secondary tariffs on India [2] 3. Summary by Related Content Market News and Important Data - On the New York Mercantile Exchange, the October - delivery light crude oil futures price dropped by $1.55 to $63.25 per barrel, a decline of 2.39%; the October - delivery London Brent crude oil futures price fell by $1.58 to $67.22 per barrel, a decline of 2.30%. The SC crude oil main contract closed down 2.19% at 487 yuan per barrel [1] - Russia has extended the broader gasoline export restrictions until September 30. Gasoline producers are prohibited from exporting gasoline until the end of next month, and non - producers until the end of October, mainly affecting maritime supplies. This is due to refinery attacks and increased demand, especially in the agricultural sector [1] - Due to refinery disruptions from drone attacks, Russia has increased its August western port crude oil export plan by 200,000 barrels per day, but export arrangements are uncertain due to continuous attacks and changing maintenance plans [1] - Iran's crude oil exports in August declined. The average daily export volume so far this month is about 1.5 million barrels, down from 1.7 million barrels from March to May [1] Investment Logic - The increased supply from Russia may not be successfully exported as the motivation for sellers to purchase Russian oil is limited without further discounts under the US tariff policy [2] Strategy - Short - term: Oil prices will oscillate within a range; Medium - term: Bearish allocation [3]