智通财经6月7日电，美国至6月6日当周石油钻井总数为442口，前值461口。 ...

美国6月6日当周石油钻井数 442，前值 461。 ...

美国至6月6日当周石油钻井总数 442口，前值461口。 ...

美国至6月6日当周石油钻井总数将于十分钟后公布。 ...

Core Insights - The report from Kpler highlights the increasing presence of "zombie ships" in the critical Strait of Malacca, particularly on the route from the Eastern Outer Port Limit (EOPL) to China, complicating the tracking of Iranian crude oil entering China [1][6] Group 1: Zombie Ships and AIS Manipulation - "Zombie ships" are vessels that have become part of a shadow fleet due to sanctions, shutting off their AIS signals and broadcasting signals from decommissioned ships to conceal their identities during cargo unloading [1][6] - Kpler reported four new cases of "zombie ships" following the unloading of approximately 6 million barrels of Iranian crude oil by the sanctioned VLCC "Gather View" at a Chinese port [3] - Specific examples include the VLCC "Vanity" using the AIS identity of the retired VLCC "Uranus," and the VLCC "Ivy" adopting the identity of the VLCC "DS Tina" after loading Iranian crude [5] Group 2: Impact of Sanctions on Iranian Oil Exports - Despite the emergence of "zombie ships," Iranian crude oil exports to China have reportedly declined, with May figures showing approximately 1.1 million barrels per day, a decrease of about 20% year-on-year [7] - The decline in exports reflects the effectiveness of U.S. sanctions, although tracking accuracy is hindered by the closure of vessel transponders and the re-labeling of oil from other countries [7][8] - The tightening of U.S. sanctions is putting pressure on supply chains, while demand is also weakening due to seasonal refinery maintenance delays [7] Group 3: Market Dynamics and Competition - The decline in prices of competing crude varieties from Russia, such as Sokol and Novy Port, is also affecting the market share of Iranian oil [8] - Chinese buyers have reduced their crude oil procurement demand in May, following earlier stockpiling behaviors [8] - The dual impact of sanctions and market factors is reshaping the landscape of Iranian oil trade, presenting new challenges for international maritime regulation and oil trade tracking [10]

Report Industry Investment Rating No information provided in the given content. Core Viewpoints of the Report - Interest rates and exchange rates: Despite the unexpected month - on - month decline in US PPI data in April and the relatively high US Treasury yields in May, economic data on June 4 showed signs of slowdown in the US job market and service industry, increasing the uncertainty of interest rate cuts. China's fiscal policy has been significantly front - loaded, and banks have entered a "low - interest - rate era". The implementation of the policy of significantly reducing tariffs between China and the US has short - term boosted domestic risk appetite and increased the demand for RMB financial asset allocation [81]. - Commodities: In the short term, commodities are bearish under the impact of the trade war. However, considering the improvement in the cost side, China's petrochemical industry chain is complete and still has a cost - competitive advantage [81]. - Equities: Bullish on China's consumption recovery (towards cost - effectiveness) and self - controllable industrial chains [81]. - Trade and oil demand: It is expected that after the oil price reaches the bottom in the off - season of the second quarter, it is expected to recover, which is beneficial to targets with upstream resources, such as PetroChina and CNOOC [81]. - Offshore oil and gas exploration: It is expected that the offshore oilfield service industry will maintain stable capital expenditure, and China will continue to increase oil and gas reserves and production. Bullish on listed oilfield service companies with low valuations, large overseas market potential, and internationally advanced technology, such as Offshore Oil Engineering, China Oilfield Services, and Bohai Machinery Equipment [81]. - Refining and chemical integration: Bullish on targets with strong hydrocracking capabilities and integrated refining - PX - PTA industrial chains, such as Hengli Petrochemical, Rongsheng Petrochemical, and Tongkun Group [81]. - Cost - competitive advantage: The negative impact of ethane imports is expected to be repaired, which is beneficial to previously oversold domestic targets, such as Satellite Chemical and Wanhua Chemical, as well as natural - gas - related targets, such as ENN Energy and Jiufeng Energy [81]. Summary by Directory 1. Oil Price Review and Outlook - **Price judgment**: In May 2025, Brent crude oil was weakly traded, closing at around $63.9 per barrel at the end of the month. OPEC+ countries will increase production by an additional 411,000 barrels per day in June and July. The Fed continued to pause interest rate cuts in June 2025 as expected. The oil price has entered a short - term downward channel, and Brent crude oil may touch a low of $55 per barrel in the second quarter. In the long term, oil prices are greatly affected by the demand side. With the Fed resuming interest rate cuts later, the risk of oil price correction increases. It is expected that Brent crude oil will fluctuate between $55 - $80 per barrel in 2025 [3]. - **Supply and demand factors**: OPEC+ will increase production by 411,000 barrels per day in June and July, and the production cut of 3.6 million barrels per day will be maintained until the end of 2026. US refinery processing volume improved in May compared with the previous month but was lower than the same period last year. China's crude oil consumption was sluggish, but imports improved. In April 2025, China's industrial crude oil processing decreased by 1.3% year - on - year, and imports increased by 7.5% year - on - year [3]. - **Other factors**: As of May 30, 2025, the US 10 - year Treasury yield was about 4.41%. Economic data on June 4 showed signs of slowdown in the US job market and service industry, and the market increased bets on interest rate cuts. The US dollar was relatively weak in May. In April, the US CPI increased by 2.3% year - on - year, lower than market expectations. Geopolitical situations in the Middle East are expected to continue to deteriorate, and global trade frictions may escalate. The Yellowtail - grade crude oil in Guyana is expected to be launched in the third quarter [3]. 2. Commodities, Interest Rates, and Exchange Rates - **Interest rates**: The Fed has gone through 13 complete interest - rate hike cycles since 1954. As of May 30, 2025, the US 10 - year Treasury yield was about 4.41%. The inversion of the yield curve between 2 - year and 10 - year US Treasuries, which lasted from early July 2022 to the end of August 2024, has basically ended, but there was an inversion with 3 - month US Treasuries as of June 4, indicating a low market expectation of interest rate cuts [32][37]. - **Exchange rates**: In May, the US dollar index was volatile and remained weak, closing at 99.44, up 0.23% from the end of the previous month and down 5.07% from the same period last year. The offshore RMB appreciated slightly against the US dollar, closing at 7.20, up 1.01% from the end of the previous month and up 0.79% from the same period last year [38]. - **Inflation**: In April, the US CPI increased by 2.3% year - on - year, lower than market expectations. The US PPI increased by 0.7% year - on - year and unexpectedly decreased month - on - month. The Fed is still very cautious about inflation risks [44]. 3. Polyester Industry Chain - **Profit margins**: In May, the international crude oil price declined, driving down the prices of industrial chain products and weakening the spreads. The spread of ethylene cracking from naphtha was $151 per ton, down $12 per ton month - on - month. The prices of raw materials PTA and ethylene glycol increased month - on - month, and the average price of polyester filament increased month - on - month. The profit of the entire PX - PTA - polyester filament industrial chain was about $28 per ton, a significant month - on - month improvement [54]. - **Supply and demand**: As of the end of May, the average inventory of polyester filament sample enterprises was around 20 days, basically the same as at the end of the previous month. In May, the total supply of polyester filament was 3.25 million tons, up 0.7% month - on - month and 3.6% year - on - year. The average monthly capacity utilization rate was 90.6%, down 3.5 percentage points month - on - month and up 2.8 percentage points from the same period last year [64]. - **Exports**: In April 2025, China's polyester filament exports were 349,800 tons, up 5.59% from the previous month. From January to April 2025, the cumulative exports were 1.3405 million tons, up 6.99% from the same period last year. From January to April 2025, China's textile and clothing exports were generally stable, with textile exports continuing to grow and clothing exports still under pressure [69]. 4. Conclusions and Investment Recommendations - **Overall view**: OPEC+ continues to increase production, and crude oil may face pressure. - **Investment recommendations**: Bullish on companies with upstream resources, offshore oilfield service companies, refining and chemical integration companies, and companies with cost - competitive advantages [81].

党的二十大报告提出，弘扬以伟大建党精神为源头的中国共产党人精神谱系。在中国能源体系中，没有 哪一种能源像石油这样，承载着全民族的情感。在石油工业发展历程中，中国共产党以强大组织能力和 动员能力，领导几百万、上千万石油工人用生命和汗水书写了石油工业光辉历史，孕育形成了"苦干实 干""三老四严"的石油精神，创造了令世人瞩目的辉煌业绩，挺起了民族工业的脊梁，大长了中国人的 志气。要建设的社会主义现代化强国，不仅要在物质上强，更要在精神上强。精神上强，才是更持久、 更深沉、更有力量的。新征程"加油争气"端牢能源饭碗，离不开精神滋养。因此，传承践行石油精神战 略意义非凡、影响深远，兹事体大、不可不察。 深刻领悟和牢牢把握"加油争气"、许党报国的崇高情怀。多少故事感魂魄,凯歌高奏向人寰。一切向前 走，都不能忘记走过的路；走得再远、走到再光辉的未来，也不能忘记走过的过去，不能忘记为什么出 发。石油工业的发展历程始终贯穿着爱国主义精神这条主线。石油精神既是宝贵的财富和力量，也是检 验"许党报国、许党报国"初心的镜子。一代又一代石油人坚定不移听党话、跟党走，推动我国石油装备 和石油工业实现从无到有、由弱变强的跨越，谱写了大庆奇 ...

Economic Data and Events - Key economic data and events to focus on include speeches from Federal Reserve officials regarding economic outlook and banking policies [1] - Germany's industrial production and trade balance for April will be released, along with the Halifax house price index for the UK [1] - France's industrial production and trade balance for April are also scheduled for release [1] - Eurozone's first quarter GDP year-on-year revision and employment figures will be published [1] - Retail sales data for April in the Eurozone will be reported [1] - Canada and the US will release employment figures for May, including unemployment rate and non-farm payroll data [1] - The total number of oil rigs in the US will be updated for the week ending June 6 [1]

智通财经6月5日电，伊拉克石油部表示，其石油出口减少的原因在于未能接收并出口库尔德地区生产的 石油，同时被迫减产以遵守欧佩克配额。 ...

供需双压致油价走低：美国汽油库存暴增520万桶，欧佩克计划持续增产，沙特降价争夺市场份额，叠 加贸易摩擦抑制需求预期，国际油价承压下行。邓正红软实力表示，美国数据显示汽油和柴油库存出人 意料地大幅增加，欧佩克联盟增产导致供需平衡趋松，且关税紧张局势引发的全球经济前景担忧持续发 酵，供需两端挤压石油软实力，周三（6月4日）国际油价走低。截至收盘，纽约商品期货交易所西得克 萨斯轻质原油7月期货结算价每桶跌0.56美元至62.85美元，跌幅0.88%；伦敦洲际交易所布伦特原油8月 期货结算价每桶跌0.77美元至64.86美元，跌幅1.17%。美国能源信息署（EIA）称，上周美国汽油库存 增加520 万桶，馏分油库存增加 420 万桶。据知情人士透露，沙特希望欧佩克联盟在未来几个月继续加 速石油增产，因为沙特更加重视夺回失去的市场份额。 宏观风险压制软实力扩张空间，贸易摩擦抑制需求预期。尽管美中计划元首通话，但特朗普政府持续指 责中国"违反协议"，叠加OECD下调全球增长预期，关税紧张局势持续发酵。贸易不确定性直接抑制原 油需求前景，加剧投资者对经济衰退的担忧。地缘政治博弈的复杂影响。伊朗宣布实现完整核燃料循 环，哈 ...