CPC码头遇袭，美乌和谈遇阻

Report Summary 1. Industry Investment Rating - No information provided about the report industry investment rating 2. Core Viewpoints - The weekend attack on a CPC SPM terminal by Ukrainian unmanned boats could lead to a significant decline in CPC crude exports, depending on the repair speed of the terminal facilities. Ukrainian attacks have shifted from refineries to key terminal facilities and oil tankers, directly impacting Russian oil exports. The US-Ukraine peace talks have reached a deadlock again, after a previous easing of concerns in the oil market [2] - Oil prices are expected to trade in a short - term range and be configured as a short - position in the medium term [3] 3. Summary by Related Catalogs Market News and Important Data - At the close, the January - delivery light crude oil futures on the New York Mercantile Exchange rose 77 cents to $59.32 a barrel, a 1.32% increase; the February - delivery Brent crude oil futures in London rose 79 cents to $63.17 a barrel, a 1.27% increase. The SC crude oil main contract closed up 0.04% at 454 yuan per barrel [1] - OPEC+ agreed to keep the group's overall oil production unchanged in 2026, approved a mechanism to evaluate member countries' maximum sustainable production capacity, and confirmed the plan to suspend production increases in the first quarter of next year [1] - Canada's federal government signed a memorandum of understanding with Alberta to build a major oil pipeline for the Asian market, aiming to reduce dependence on the US market. The pipeline can transport at least 1 million barrels of low - emission bitumen per day [1] - The UK government postponed sanctions on the international business unit of Russia's Lukoil. The sanctions grace period for Lukoil International Limited and its subsidiaries will be extended to February 26 next year [1] - Three OPEC+ representatives said that OPEC+ may keep oil production in the first quarter of 2026 unchanged at its Sunday meeting, and actions to regain market share will ease as the market is increasingly worried about oversupply [1] - A diesel - carrying oil tanker was attacked near Dakar, Senegal. It was the third attack on a Russian - linked vessel in a few days. The ship's engine room was flooded, but the hull was stable, and the crew was safe with no pollution accident [1] Investment Logic - The attack on the CPC SPM terminal and the attacks on oil tankers in the Black Sea by Ukraine, along with the deadlock in US - Ukraine peace talks, are influencing the oil market [2] Strategy - Short - term range - bound trading for oil prices and medium - term short - position configuration [3]