原油成品油早报-20260317

Group 1: Report Information - Report Name: Crude Oil and Refined Oil Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center [2] - Date: March 17, 2026 [2] Group 2: Market Data Price Changes from 2026/03/13 to 2026/03/16 - WTI decreased by $5.21 to $93.50 [3] - BRENT decreased by $2.93 to $100.21 [3] - DUBAI increased by $2.04 to $129.90 [3] - SC remained unchanged at $750.80 [3] - OMAN increased by $2.62 to $143.63 [3] - Japan Naphtha CFR decreased by $7.25 to $1052.50 [3] Other Price - Related Data - BRENT 1 - 2 month spread decreased by $0.06 to $4.17 [3] - WTI - BRENT spread decreased by $2.28 to - $6.71 [3] - DUBAI - BRT (EFS) increased by $0.92 to $8.00 [3] - SC - BRT increased by $2.85 to $8.51 [3] - SC - WTI increased by $5.13 to $15.22 [3] - Singapore 380 - BRT increased by $65.98 to - $58.46 [3] - SHFE FU - BRT increased by $21.04 to - $51.60 [3] - SHFE BU - BRT increased by $21.11 to - $144.42 [3] Group 3: Daily News - Trump refused to restart negotiations with Iran. Iran tried to contact the US through multiple channels, but Trump instructed the team not to negotiate and wanted military operations to continue [3] - US Treasury Secretary said the daily oil shortage in the Gulf was about 10 - 14 million barrels, about 140 million barrels of Iranian crude were at sea, and the US was "approving" some ships to pass through the Strait of Hormuz. Oil prices might be "well below" $80 in a few months [4] - Trump suggested attacking the oil facilities on Kharg Island. Iran warned that if the US attacked, it would strongly strike the oil and gas facilities of the attacking countries [4][5] - Iranian Foreign Minister denied recent contact with the US, saying it was to mislead oil traders and the public [5] Group 4: Weekly Inventory - US crude exports decreased by 563,000 barrels per day to 3.434 million barrels per day in the week ending March 6 [6] - US domestic crude production decreased by 18,000 barrels to 13.678 million barrels per day in the week ending March 6 [6] - Commercial crude inventories (excluding strategic reserves) increased by 3.824 million barrels to 443 million barrels, a 0.87% increase in the week ending March 6 [6] - The four - week average supply of US crude products was 21.043 million barrels per day, a 1.85% increase compared to the same period last year [6] - US Strategic Petroleum Reserve (SPR) inventory increased by 100,000 barrels to 415.4 million barrels, a 0.0% increase in the week ending March 6 [6] - US commercial crude imports (excluding strategic reserves) were 6.422 million barrels per day in the week ending March 6, an increase of 98,000 barrels per day compared to the previous week [6] Group 5: Weekly Viewpoint - The impact of the US - Iran situation on the global crude oil market supply escalated this week. VLCCs couldn't pass through the Strait of Hormuz, and about 10 million barrels per day of Middle - East production was shut down [7] - 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 allies to jointly maintain the Strait of Hormuz [7] - The International Energy Agency announced the largest - ever emergency oil reserve release of about 400 million barrels by 32 member countries, but the release speed was restricted by logistics and transportation, and it couldn't fundamentally solve the upstream production interruption problem [7] - The current forward curve of crude oil prices reflects an expected supply interruption of about 30 days, but the actual interruption time is likely to be longer. The international crude oil market still faces upward price risks next week [7]