原油成品油早报-20260316

1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - This week, the impact of the US - Iran situation on the global crude oil market supply has escalated. VLCCs cannot pass through the Strait of Hormuz, about 10 million barrels per day of Middle - East production has been shut down. The US launched an air - strike on Kharg Island over the weekend, but Iran's crude oil export facilities were not damaged. The US called on its allies to jointly safeguard the Strait of Hormuz. The IEA announced the largest - ever emergency oil reserve release, with 32 member countries planning to release about 400 million barrels of oil, but it cannot fundamentally solve the problem of upstream production interruption. The core issue still depends on the duration of the strait blockade. Currently, the forward curve of crude oil prices reflects an expected disruption of about 30 days, but the actual disruption time is expected to be longer. Next week, the international crude oil market still faces upward price risks [7] 3. Summary by Relevant Catalogs Daily News - France is planning a joint naval mission with partners to ensure the safe passage of tankers through the Strait of Hormuz, and the French foreign minister will discuss this with EU foreign ministers on Monday [3] - Israel's military operation against Iran will last at least three more weeks, with thousands of targets remaining to be hit. Israel aims to "severely weaken the Iranian regime" [4] - Iran's foreign minister says the end of the war depends on two conditions: ensuring the war does not resume and receiving compensation. Iran welcomes regional initiatives to end the war fairly and the Strait of Hormuz is open to all except US and its allies' ships [4] - Iran's diplomatic communication with Qatar, Saudi Arabia, Oman and surrounding countries continues [4] - Israeli senior officials say the possibility of overthrowing the Iranian regime is lower than initially estimated [4] - After the US air - strike on Kharg Island, the storage tanks were intact and two Iranian tankers started loading 2.7 million barrels of crude oil [5] - Only 77 ships have passed through the Strait of Hormuz from March 1st to the present [5] Weekly Inventory - In the week ending March 6th, US crude oil exports decreased by 563,000 barrels per day to 3.434 million barrels per day [6] - In the week ending March 6th, US domestic crude oil production decreased by 18,000 barrels to 13.678 million barrels per day [6] - Commercial crude inventories excluding strategic reserves increased by 3.824 million barrels to 443 million barrels, a 0.87% increase [6] - The four - week average supply of US crude oil products was 21.043 million barrels per day, a 1.85% increase year - on - year [6] - The US Strategic Petroleum Reserve (SPR) inventory increased by 100,000 barrels to 415.4 million barrels, a 0.0% increase [6] - In the week ending March 6th, US commercial crude imports excluding strategic reserves were 6.422 million barrels per day, an increase of 98,000 barrels per day from the previous week [6]