原油成品油早报-20260213

Group 1: Report Industry Investment Rating - No information provided Group 2: Core View of the Report - This week, crude oil prices fluctuated at high levels due to the Iran situation, with the monthly spread declining and the North Sea Brent basis falling to $1.005 per barrel. The first round of US-Iran nuclear negotiations lasted about six hours, and the second round is expected in the next few days. Netanyahu will meet with Trump next Wednesday to discuss the Iran issue. Iran stated it does not want a regional war. Fundamentally, global oil inventories decreased this week, with US commercial crude inventories declining by 3.455 million barrels and refined oil inventories by 5.553 million barrels due to the cold wave. Saudi Arabia adjusted the official selling prices of Arabian light crude for March. Singapore's refined oil inventories increased, while ARA's crude and refined oil inventories decreased. Domestic gasoline and diesel inventories increased. Short - term oil prices are still affected by the Iran situation, and the global crude oil supply - demand fundamentals in the first and second quarters remain in a surplus state, not supporting high valuations [5] Group 3: Summary by Relevant Catalogs 1. Daily News - Israeli Prime Minister Netanyahu is skeptical about the quality of any agreement with Iran, covering nuclear issues, ballistic missiles, and Iran's proxy problems. He also said Trump might reach a good agreement with Iran [3][4] - The Trump administration secretly shipped about 6,000 Starlink terminals to Iran after the Iranian regime's crackdown on demonstrations last month to help anti - regime activists bypass the internet shutdown, though it's illegal in Iran [4] - The IEA lowered the forecast of global oil demand growth in 2026 to 850,000 barrels per day from 930,000 barrels per day in January's report, while keeping the large supply - surplus estimate basically unchanged. OPEC's research department predicted a growth of 1.38 million barrels per day in 2026 [4] 2. EIA Report (02/06 Week) - US crude oil exports decreased by 308,000 barrels per day to 3.739 million barrels per day [14] - US domestic crude oil production increased by 498,000 barrels to 13.713 million barrels per day [14] - Commercial crude inventories excluding strategic reserves increased by 8.53 million barrels to 429 million barrels, a 2.03% increase [14] - The four - week average supply of US crude oil products was 20.827 million barrels per day, a 2.36% increase year - on - year [14] - US Strategic Petroleum Reserve (SPR) inventories decreased by 100,000 barrels to 415.2 million barrels, a 0.0% decrease [14] - US imports of commercial crude oil excluding strategic reserves were 6.805 million barrels per day, an increase of 604,000 barrels per day from the previous week [14] 3. Inventory - No detailed summary information provided other than mentioned in the weekly view 4. Weekly View - Crude oil prices were affected by the Iran situation, with monthly spreads and North Sea Brent basis declining. The US - Iran nuclear negotiations were held, and the second round is expected. Netanyahu will discuss the Iran issue with Trump. Iran doesn't want a regional war. Global oil inventories decreased, and Saudi Arabia adjusted oil prices. Singapore, ARA, and domestic inventories had different trends. Short - term oil prices are affected by the Iran situation, and the first - and second - quarter fundamentals are in surplus [5]