石油加工行业原油周报：中东地缘冲突主导，国际油价高位震荡

Investment Rating - The report rates the oil processing industry as "Positive" [1] Core Insights - International oil prices have remained volatile at high levels due to geopolitical tensions in the Middle East, including threats to oil facilities and ongoing conflicts [2][9] - As of March 20, 2026, Brent and WTI oil prices were reported at $106.41 and $98.23 per barrel, respectively [2][9] - The report highlights significant fluctuations in oil prices, with Brent crude futures increasing by $3.27 per barrel (+3.17%) and WTI crude futures decreasing by $0.48 per barrel (-0.49%) over the past week [27] Summary by Sections Oil Price Review - Brent crude futures settled at $106.41 per barrel, up $3.27 per barrel (+3.17%) from the previous week; WTI crude futures settled at $98.23 per barrel, down $0.48 per barrel (-0.49%) [27] - The price of Russian ESPO crude rose to $102.91 per barrel, an increase of $12.69 per barrel (+14.07%) [27] Offshore Drilling Services - As of March 16, 2026, the number of global offshore self-elevating drilling platforms was 369, a decrease of 3 from the previous week; the number of floating drilling platforms was 135, an increase of 1 [30] Oil Supply - As of March 13, 2026, U.S. crude oil production was reported at 13.668 million barrels per day, a decrease of 10,000 barrels per day from the previous week [45] - The number of active drilling rigs in the U.S. increased by 2 to 414 rigs as of March 20, 2026 [45] Oil Demand - U.S. refinery crude oil processing volume was 16.232 million barrels per day as of March 13, 2026, an increase of 63,000 barrels per day from the previous week [54] - The U.S. refinery utilization rate was reported at 91.40%, up 0.6 percentage points from the previous week [54] Oil Inventory - As of March 13, 2026, total U.S. crude oil inventories stood at 865 million barrels, an increase of 6.156 million barrels (+0.72%) from the previous week [64] - Commercial crude oil inventories increased by 6.156 million barrels (+1.39%) to 449 million barrels [64] Finished Oil Products - In North America, the average prices for diesel, gasoline, and jet fuel were reported at $173.70, $130.72, and $152.84 per barrel, respectively, with significant increases compared to the previous week [86] - In Europe, average prices for diesel, gasoline, and jet fuel were $174.85, $140.19, and $228.61 per barrel, respectively, also reflecting notable increases [90]