据路透社消息，2025年11月以来，乌克兰对俄罗斯能源基础设施发动多轮无人机袭击，目标直指炼油厂及石油码头。仅11月15日至17日，梁赞炼油厂、新 库伊比雪夫斯克炼油厂及伏尔加格勒炼油厂便遭重创，其中梁赞炼油厂作为俄罗斯四大炼油厂之一，年处理能力达1310万吨原油（日均34万桶），其原油 蒸馏装置和燃料储存罐受损，导致俄罗斯整体炼油量下降6%。此外，伏尔加格勒炼油厂因袭击多次停产，该厂年产能达1570万吨，是卢克石油公司核心 产能之一。 据统计，自2025年1月以来，乌克兰已累计袭击俄罗斯至少4座炼油厂及2个石油码头，导致俄成品油出口能力大幅下降，同时全球硫黄市场也因俄罗斯供 应收缩而价格飙升。这一系列连锁反应不仅重塑了全球能源格局，更为中国成品油出口和硫黄产业带来新的发展机遇。 全球成品油裂解价差扩大 硫黄价格飙升 俄罗斯炼油产能锐减直接推高了海外成品油裂解价差。数据显示，2025年11月中旬以来，海外成品油裂解价差呈全线飙升态势，柴油领涨各类油品，衡量 炼油利润的核心指标3-2-1裂解价差创近两年新高，炼油行业迎来高盈利周期。11月18日，全球3-2-1裂解价差触及$32.13/桶，为2024年3月以来最 ...

Group 1 - The core point of the article highlights the dramatic decline in China's oil imports from the U.S., dropping from 29 million barrels to 3 million barrels, marking a 90% decrease, which is the largest drop in history for a single commodity in U.S.-China trade [1][3][5] - The U.S. shale oil industry is facing significant challenges due to this decline, with a surplus of 120 million barrels of crude oil and storage facilities operating at over 90% capacity [16][18] - Trump's contradictory statements regarding oil purchases from Iran and the U.S. have created confusion in the market, reflecting the U.S.'s passive position in the energy game [5][20][37] Group 2 - China's response to the situation emphasizes its independent energy security strategy, stating it will take reasonable measures based on national interests [7][10] - The article discusses China's strategic shift towards diversifying its oil supply sources, with imports from Canada reaching 7.3 million barrels per month, which is 2.5 times the peak U.S. export volume [24][25] - The cost disadvantage for U.S. oil, exacerbated by tariffs, has made it less competitive compared to alternatives from Russia and the Middle East, leading to a significant shift in China's sourcing strategy [11][13][14] Group 3 - The article outlines China's multi-faceted strategic responses, including the rise of the renminbi oil futures market, which has gained a 10% share globally, indicating a shift away from the dollar-dominated oil trade [27][39] - Technological advancements in renewable energy and electric vehicles position China favorably in the ongoing energy transition, reducing its reliance on imported crude oil [32][41] - The overall trend indicates a structural shift in global energy governance towards a multi-polar system, diminishing the U.S.'s previous dominance in energy diplomacy [34][43][45]