Core Viewpoint - In May, OPEC's crude oil production increased by 183,000 barrels per day, reaching a total of 27.02 million barrels per day according to secondary data [1] Group 1 - OPEC's crude oil production in May showed a month-on-month increase [1] - The total production level reached 27.02 million barrels per day [1] - The increase in production may impact global oil supply dynamics [1]

Group 1 - International oil prices showed volatility, with a decline in closing prices on June 10, 2023. The price of light crude oil futures for July delivery fell by $0.31 to $64.98 per barrel, a decrease of 0.47%. Brent crude oil for August delivery decreased by $0.17 to $66.87 per barrel, down 0.25% [1] - Optimism surrounding the China-US trade talks is providing support for oil prices, as indicated by Harry Tchilinguirian from Onyx Capital Group [1] - Saudi Aramco is expected to ship approximately 47 million barrels of crude oil to China in July, a decrease of 1 million barrels compared to June, which may signal an early indication of OPEC+ exiting production cuts [1] Group 2 - According to a survey by S&P Global, analysts estimate a decrease of 1.9 million barrels in US commercial crude oil inventories, while gasoline and refined product inventories are expected to increase by 1.7 million barrels and 0.9 million barrels, respectively [2] - The US Energy Information Administration's monthly short-term energy outlook report indicates that US oil companies will reduce drilling activities due to low oil prices, leading to a decrease in drilling and completion numbers over the next 18 months [2] - The report projects that US average daily crude oil production will decline from 13.5 million barrels per day in Q2 to 13.3 million barrels per day in Q4 of this year, with an average slightly above 13.4 million barrels per day expected for the year [2]

Group 1 - OPEC's crude oil production increased by 200,000 barrels per day in May, reaching 27.54 million barrels per day [1]

欧佩克月报：二手资料显示，利比亚4月原油产量减少1.4万桶/日，至126.3万桶/日。 ...