原油周报：供给过剩趋势下，国际油价走势纠结-20251116

Investment Rating - The industry investment rating is "Positive" [1] Core Viewpoints - International oil prices experienced slight fluctuations, with Brent crude oil price at $64.39 per barrel (up 1.19%) and WTI at $59.39 per barrel (down 0.75%) as of November 14, 2025 [2][19] - The oil and petrochemical sector outperformed the market, with a 2.29% increase compared to a 1.08% decline in the CSI 300 index [10] - The oil and gas extraction sector has seen a significant increase of 210.63% since 2022, indicating strong growth potential [12] Summary by Sections Oil Price Review - Brent crude oil futures settled at $64.39 per barrel, increasing by $0.76 per barrel, while WTI crude oil futures settled at $59.39 per barrel, decreasing by $0.45 per barrel [2][19] Offshore Drilling Services - As of November 10, 2025, the number of global offshore self-elevating drilling platforms was 370, an increase of 1 from the previous week, while floating drilling platforms decreased to 128 [21] Oil Supply - As of November 7, 2025, U.S. crude oil production was 13.862 million barrels per day, an increase of 211,000 barrels per day from the previous week [35] - The number of active drilling rigs in the U.S. was 417, with an increase of 3 rigs [35] Oil Demand - U.S. refinery crude oil processing volume was 15.973 million barrels per day, an increase of 717,000 barrels per day, with a refinery utilization rate of 89.40% [47] Oil Inventory - As of November 7, 2025, total U.S. crude oil inventory was 838 million barrels, an increase of 7.211 million barrels [55]