格隆汇2月17日｜美国总统特朗普当地时间2月16日晚在总统专机"空军一号"上回答记者提问时，再次施 压乌克兰同俄罗斯达成协议。特朗普说，今天（2月17日）在瑞士日内瓦举行的新一轮美俄乌会谈很重 要，也将"非常容易"，而"乌克兰最好快速回到谈判桌前"。 近来，特朗普多次施压乌克兰。2月13日， 他就曾在白宫对媒体说，俄罗斯想要达成协议，乌克兰总统泽连斯基也"必须行动起来"，否则他将"错 失良机"。 ...

8月6日，美国总统特朗普表示他近期很可能与俄罗斯总统普京举行会晤，美国中东问题特使与普京总统 进行了一些非常好的会谈。特朗普不愿透露俄乌是否接近达成协议，他还称将对俄罗斯实施更多二级制 裁。当天美国特使威特科夫与普京举行会谈，俄方表示会谈是"有益和建设性的"。另据两名知情人士透 露，特朗普告知欧洲领导人，他计划最早下周与普京面对面会晤，随后他还计划与普京和泽连斯基举行 三方会谈。 ...

Report Industry Investment Ratings - Crude oil: ★★★ (indicating a clearer long - term trend and relatively appropriate investment opportunities currently) [1] - Fuel oil: ☆☆☆ (white star, suggesting short - term long/short trends are in a relatively balanced state with poor operability on the current market, advisable to wait and see) [1] - Low - sulfur fuel oil: No specific rating given [1] - Asphalt: ★★★ (indicating a clearer long - term trend and relatively appropriate investment opportunities currently) [1] - Liquefied petroleum gas: ★☆☆ (indicating a bullish/bearish bias, with a driving force for price increase/decrease, but poor operability on the market) [1] Core Viewpoints - The oil market has continued the inventory - building trend since the peak season in Q3, with a 0.6% reduction in crude oil inventory and a 1.7% increase in refined oil inventory. There is always a supply - demand surplus pressure under the OPEC+ production - increase path. Oil prices are mainly under oscillating pressure, but geopolitical factors may bring support at the end of August and early September [1]. - The fuel oil futures showed strong performance among oil products today. The high - low sulfur spread was under pressure again, and the rebound strength of FU cracking needs further observation. The LU's unilateral trend follows crude oil, but with a smaller fluctuation range and under pressure on cracking [2]. - The asphalt 09 contract rebounded after hitting the bottom during the day, with low inventory supporting the price, but the upside space is limited before the actual improvement in demand [2]. - The overseas market decline has led to a weakening of the domestic LPG market. Domestic chemical demand is strong in the short term, and domestic gas is expected to stabilize under the situation of weak supply and demand. The spot market is loose, and the futures market is mainly weak [3]. Summary by Directory Crude Oil - Overnight international oil prices rose, with the SC09 contract up 1.71% during the day. The oil market has continued the inventory - building trend since Q3, with a 0.6% reduction in crude oil inventory and a 1.7% increase in refined oil inventory. The US government may allow Chevron to operate in Venezuela, which may lead to a recovery of about 200,000 barrels per day in Venezuelan crude oil exports. Before the final implementation of trade agreements, there are still bearish risks related to trade wars. Oil prices are mainly under oscillating pressure, but geopolitical factors may bring support at the end of August and early September [1] Fuel Oil & Low - Sulfur Fuel Oil - Today, fuel - related futures showed strong performance among oil products, with FU leading the gains. The high - low sulfur spread was under pressure again after two consecutive days of rebound, and the FU cracking rebounded slightly from a low level. The Singapore diesel cracking dropped slightly from a high level. The LU's unilateral trend follows crude oil, but with a smaller fluctuation range and under pressure on cracking [2] Asphalt - The 09 contract rebounded after hitting the bottom at 3593 yuan/ton during the day, with a small increase at the close but a relatively weak increase among oil products. Chevron is allowed to continue operating in Venezuela, which may increase Venezuelan oil production. The August refinery production plan decreased significantly compared with July. Affected by the widespread rainfall, demand recovery was slower than expected. The inventory of refineries decreased, and the social inventory remained flat, with the overall commercial inventory decreasing month - on - month. Low inventory supports the price, but the upside space is limited before the actual improvement in demand [2] LPG - The overseas market decline has led to a weakening of the domestic LPG market. The increase in Middle East sales and high - level inventory accumulation in North America continue to suppress the market. Domestic PDH has resumed production rapidly, with good short - term chemical demand. The refinery's external supply volume has decreased slightly, and domestic gas is expected to stabilize under the situation of weak supply and demand. The spot market is loose, strengthening the delivery discount pressure, and the futures market is mainly weak [3]