Group 1: Report Overview - Report Type: Crude Oil Daily Report [1] - Date: September 19, 2025 [2] Group 2: Investment Rating - No investment rating information provided Group 3: Core Views - The Fed cut interest rates by 25bp, but the oil market reacted calmly. The market is still worried about the impact of the trade war on demand, leading to a slight decline in oil prices [6] - In August, OPEC+ increased production by 510,000 barrels per day. After the latest compensatory production cuts, except for Kazakhstan overproducing by 280,000 barrels per day, the crude oil production of the other seven member countries was basically within the quota [6] - On the 8th, OPEC announced that it had received the latest compensatory production cut plans from some member countries. This update mainly reduced the production cut intensity this year and strengthened the production cuts in 2026, resulting in marginal negative news on the supply side [6] - Ukraine's recent increased attacks on Russian infrastructure may cause SC to be relatively strong in the short term. Pay attention to the long spread opportunity and take profit in time [7] Group 4: Market Review and Operation Suggestions Market Review - WTI: Opened at $63.89, closed at $63.27, with a high of $63.97, a low of $62.98, a decline of 0.86%, and a trading volume of 12.83 million lots [6] - Brent: Opened at $68.07, closed at $67.41, with a high of $68.14, a low of $67.13, a decline of 0.88%, and a trading volume of 24.87 million lots [6] - SC: Opened at 498.3 yuan/barrel, closed at 491.8 yuan/barrel, with a high of 500.5 yuan/barrel, a low of 491.7 yuan/barrel, a decline of 1.60%, and a trading volume of 9.59 million lots [6] Operation Suggestions - Pay attention to the long spread opportunity of SC and take profit in time [7] Group 5: Industry News - Kuwait's oil minister said that if Russian oil is sanctioned, it is expected to have a positive impact on oil prices [8] - U.S. crude oil exports in the week ending September 12 were the highest since the week ending December 29, 2023, and EIA strategic petroleum reserve inventories were the highest since the week ending October 7, 2022 [8] - Ukraine's harassment of Baltic ports caused a sharp drop of 934,000 barrels in Russia's weekly crude oil exports, the largest single - week decline since July last year [8] Group 6: Data Overview - The report presents multiple data charts, including global high - frequency crude oil inventories, EIA crude oil inventories, U.S. crude oil production growth rate, Dtd Brent price, WTI spot price, Oman spot price, U.S. gasoline consumption, and U.S. diesel consumption [9][12][15][20]
建信期货原油日报-20250919
Jian Xin Qi Huo·2025-09-19 01:32