此前，美俄双方宣布，两国领导人将于15日在阿拉斯加举行会晤。 （文章来源：新华社） 新华财经华盛顿8月13日电美国财政部长贝森特13日说，如果美国总统特朗普与俄罗斯总统普京的会晤 进展不顺利，美国可能会加大对俄制裁或征收次级关税。 贝森特当天在接受美国媒体采访时表示，特朗普将让普京明白，美国可能会做出各种选择：可能加紧对 俄制裁，也可能是放宽制裁，或者是无限期延续制裁。 贝森特同时呼吁欧洲加入对俄制裁，"欧洲需要同意对俄方实施次级制裁"。 ...

此前，美俄双方宣布，两国领导人将于15日在阿拉斯加举行会晤。 （文章来源：新华网） 美国财政部长贝森特13日说，如果美国总统特朗普与俄罗斯总统普京的会晤进展不顺利，美国可能会加 大对俄制裁或征收次级关税。 贝森特当天在接受美国媒体采访时表示，特朗普将让普京明白，美国可能会做出各种选择：可能加紧对 俄制裁，也可能是放宽制裁，或者是无限期延续制裁。 贝森特同时呼吁欧洲加入对俄制裁，"欧洲需要同意对俄方实施次级制裁"。 ...

Core Viewpoint - The upcoming meeting between US President Trump and Russian President Putin is characterized as "exploratory," with Trump indicating that the outcome may be known quickly and emphasizing the need for a constructive dialogue to end the conflict in Ukraine [1][3]. Group 1: Meeting Dynamics - Trump has stated that he does not plan to invite Ukrainian President Zelensky to the Alaska meeting but hopes to arrange a future meeting involving Zelensky and Putin [3]. - The meeting is viewed as a high-risk gamble for Trump, who has previously promised to resolve the Ukraine conflict swiftly but has not yet achieved this goal [3][4]. - Trump suggests that both Kyiv and Moscow may need to make concessions on territorial issues to reach a resolution [4]. Group 2: European Response - The EU is anxious about being excluded from critical discussions regarding Ukraine's future, leading to an emergency meeting among EU foreign ministers to discuss actions before the Trump-Putin meeting [5]. - EU leaders plan to impose a 19th round of sanctions against Russia and provide additional military support to Ukraine, emphasizing that no concessions should be made until a comprehensive ceasefire is agreed upon [5]. - The absence of EU leaders from the Trump-Putin meeting raises concerns about the EU's influence in international diplomacy and the potential implications for Ukraine's territorial integrity [5].

Group 1 - The core viewpoint emphasizes the need for clear security guarantees for Ukraine in any discussions regarding a ceasefire and future agreements with Russia [1] - Ukrainian President Zelensky stated that any decisions about Ukraine's future and the safety of its citizens cannot be made without Ukrainian participation [1] - Zelensky and Lithuanian President Nauseda agreed that a ceasefire must precede diplomatic efforts to achieve a fair and lasting peace, highlighting that without clear security guarantees, any agreements would merely allow Russia to regroup [1] Group 2 - Discussions included Ukraine's EU membership negotiations, with Lithuania fully supporting Ukraine and Moldova's simultaneous accession to the EU [1]

Core Viewpoint - The conversation between Ukrainian President Zelensky and Indian Prime Minister Modi focused on bilateral cooperation and the overall diplomatic situation, emphasizing the importance of Ukraine's involvement in any discussions related to its issues [1] Group 1: Bilateral Cooperation - Zelensky and Modi discussed enhancing bilateral cooperation and reviewed the progress of the Ukraine-India partnership [1] - Both leaders agreed to meet face-to-face during the upcoming United Nations General Assembly in September and plan future visits [1] Group 2: Sanctions Against Russia - Zelensky highlighted the need to limit the export of Russian energy products, particularly oil, to weaken Russia's ability to fund its ongoing conflict [1] - The discussion included a focus on sanctions against Russia, indicating a collaborative approach to addressing the issue [1] Group 3: Commitment to Peace - Modi reiterated India's unwavering support for a peaceful resolution to the conflict and expressed India's commitment to providing all possible support for peace efforts [1]

Core Viewpoint - European leaders are urging the United States to increase pressure on Russia through sanctions, as the upcoming meeting between President Trump and President Putin could significantly impact Ukraine's fate and Europe's long-term security [1] Group 1: Meeting Context and Objectives - The meeting between Trump and Putin is scheduled to take place in Alaska, with European capitals unifying their stance on the meeting's format and substance [1] - U.S. Vice President JD Vance described the planned meeting as a "major breakthrough" in American diplomacy, aiming for a "stop the killing" territorial resolution [2] Group 2: European Concerns and Proposals - European officials emphasize that any future ceasefire agreement should include strict sanctions for violations, ensuring Russia cannot exploit peace for economic benefits [1] - There is a proposal to use frozen Russian sovereign assets to pressure Russia, with discussions around borrowing from the €190 billion in assets held by Euroclear to fund Ukraine [3] Group 3: Security Guarantees for Ukraine - European leaders insist that any resolution must include strong security guarantees for Ukraine, opposing any limitations on military and financial support from the West [4] - Concerns have been raised regarding Trump's suggestion of "territorial exchange," which is viewed as a potential land concession by Ukraine [4][5] Group 4: Stance on Ukraine's Future - NATO Secretary-General Mark Rutte stated that negotiations should recognize Ukraine's right to determine its future, and its military size should not be restricted [5] - European officials express apprehension that Trump may pressure Ukrainian President Zelensky to accept any agreements reached in Alaska, which could undermine Ukraine's security [5]

Group 1 - The core viewpoint of the article highlights the significant increase in the stock price of Rusal (00486), which rose over 13% and is currently trading at 4.7 HKD with a transaction volume of 17.273 million HKD [1] - U.S. President Trump announced a meeting with Russian President Putin on August 15 in Alaska, which may influence the future of U.S.-Russia trade relations, particularly regarding aluminum imports [1] - In February, President Putin indicated that Russia would be willing to resume aluminum exports to the U.S. if sanctions on Russian metal imports were lifted, with an estimated 2 million tons of aluminum potentially available for export [1] Group 2 - According to research from Open Source Securities, Russia is the third-largest primary aluminum producer globally, with Rusal contributing significantly to this output [1] - Rusal's primary aluminum production is projected to reach 3.847 million tons in 2023, with expectations to increase to 3.9 million tons in 2024 due to the ramp-up of Taishet's production capacity [1] - The global aluminum supply is expected to see Rusal contributing approximately 5% of the total production, while the U.S. remains the second-largest aluminum consumer, indicating potential for stable orders if exports resume [1]

交易咨询业务资格：证监许可【2012】1091号 2025-08-08燃料油早报 大越期货投资咨询部 金泽彬 从业资格证号：F3048432 投资咨询证号： Z0015557 联系方式：0575-85226759 重要提示：本报告非期货交易咨询业务项下服务，其中的观点和信息仅作参考之用，不构成对任何人的投 资建议。 我司不会因为关注、收到或阅读本报告内容而视相关人员为客户；市场有风险，投资需谨慎。 CONTENTS 目 录 1 每日提示 2 多空关注 3 基本面数据 4 5 价差数据 库存数据 燃料油： 1、基本面：市场观望美是否本周推进对俄制裁，报道称特朗普计划与俄罗斯总统普京会面后，油价回吐 早前涨幅，连续第五日收跌，国际原油整体呈现弱势下行的走势，燃料油价格也震荡下跌；偏空 2、基差：新加坡高硫燃料油406.63美元/吨，基差为182元/吨，新加坡低硫燃料油为501.5美元/吨，基差 为163元/吨，现货升水期货；偏多 3、库存：新加坡燃料油8月6日当周库存为2074.9万桶，增加47万桶；偏空 4、盘面：价格在20日线下方，20日线偏下；偏空 5、主力持仓：高硫主力持仓空单，空增，偏空；低硫主力持仓多 ...

Group 1 - International oil prices experienced a significant increase due to market assessments of direct US-Russia contact and potential further sanctions against Russia, followed by a notable decline in prices during the trading session [1] - As of the close, light crude oil futures for September delivery on the New York Mercantile Exchange fell by $0.81 to $64.35 per barrel, a decrease of 1.24%, while Brent crude for October delivery dropped by $0.75 to $66.89 per barrel, down 1.11% [1] - The US Secretary of State indicated that more information regarding the Russia-Ukraine conflict and potential sanctions would be released later that day [1] Group 2 - Rystad Energy analysts noted that while oil prices rose due to potential US tariffs on Indian goods, the market is awaiting formal implementation and its impact on market factors [2] - The US Energy Information Administration reported a decrease of 3 million barrels in commercial crude oil inventories, bringing the total to 423.7 million barrels [2] - The average daily crude oil processing volume in US refineries increased by 213,000 barrels to 17.1 million barrels, with an average utilization rate of 96.9% [2] Group 3 - The American Petroleum Institute predicted a decrease of 4.2 million barrels in commercial crude oil inventories, with gasoline inventories expected to drop by 900,000 barrels [3]

据英国《金融时报》5日报道，如果俄罗斯和乌克兰在8日前未达成停火协议，美国政府将考虑对俄"影 子舰队"实施制裁。 美国总统特朗普7月29日称，他把俄罗斯与乌克兰达成和平协议的最后期限设定为10天，从当天开始计 算。如果俄方没有就此取得进展，将面临美国新的制裁。俄总统新闻秘书佩斯科夫7月30日表示，俄经 济多年来已形成对制裁的"免疫力"。 （文章来源：新华网） 西方国家指责俄罗斯利用油轮等商用船只逃避西方制裁，将这些商用船只称为"影子舰队"。此前，欧盟 已通过第17轮和第18轮对俄制裁方案，其中包括对俄"影子舰队"船只进行制裁，禁止其停靠欧盟港口并 停止相关海事服务。 报道援引知情人士的消息说，特朗普政府正考虑采取一系列措施，包括制裁俄"影子舰队"，此举被视为 对俄施压"简单的第一步"。 ...