原油成品油早报-20260325

Group 1: Report Industry Investment Rating - No relevant information provided Group 2: Core Viewpoints of the Report - The news of a potential one - month cease - fire in the Iran war may lead to a short - term reduction in geopolitical risks, causing significant fluctuations in the gold, silver, and oil markets. The decline in oil prices reflects the energy market's high sensitivity to any signs of potential cooling of regional tensions. The sustainability of this trend depends on official confirmation and support from relevant parties [3] - Iran has stated that "non - hostile ships" can pass through the Strait of Hormuz after coordinating with Iranian authorities. The International Maritime Organization is negotiating to establish a humanitarian corridor for ships in the Persian Gulf [4] - The US and regional mediators are discussing the possibility of high - level peace talks with Iran as early as Thursday, but are waiting for a response from Tehran. Israel has concerns about the potential agreement [5] - This week, oil prices continued to rise. The traffic volume in the Strait of Hormuz remained low, and the spread between Brent and WTI reached the highest level in nearly a decade. The US approved a 30 - day authorization to conditionally relax sanctions on Iranian oil products. Global floating storage has significantly reduced inventory. Attention should be paid to whether Trump will have constructive dialogue with Iran regarding the Strait's navigation and geopolitical situation next week [7] Group 3: Summary by Directory 1. Daily News - According to Israeli media, the US may announce a one - month cease - fire in the Iran war, which may reduce short - term geopolitical risks and cause the energy market to re - price. The sustainability of this trend depends on official confirmation and support from relevant parties [3] - Iran has informed the International Maritime Organization that "non - hostile ships" can pass through the Strait of Hormuz after coordinating with Iranian authorities. The International Maritime Organization is negotiating to establish a humanitarian corridor for ships in the Persian Gulf [4] - The US and regional mediators are discussing the possibility of high - level peace talks with Iran as early as Thursday, but are waiting for a response from Tehran. Israel has concerns about the potential agreement [5] 2. Weekly Inventory - For the week ending March 20, the API crude oil inventory in the US was 234.8 million barrels, with an expected - 136.7 million barrels and a previous value of 655.6 million barrels. The API gasoline inventory was 52.8 million barrels, with an expected - 193.3 million barrels and a previous value of - 456 million barrels. The API refined oil inventory was 139.3 million barrels, with an expected - 140 million barrels and a previous value of - 139.4 million barrels [6] 3. Weekly Viewpoints - This week, oil prices continued to rise. The traffic volume in the Strait of Hormuz remained low, and the spread between Brent and WTI reached the highest level in nearly a decade. The US approved a 30 - day authorization to conditionally relax sanctions on Iranian oil products. Global floating storage has significantly reduced inventory. Attention should be paid to whether Trump will have constructive dialogue with Iran regarding the Strait's navigation and geopolitical situation next week [7]