Group 1 - The domestic futures market for fuel oil is experiencing a strong upward trend, with the main contract opening at 2952.00 CNY/ton and reaching a high of 3020.00 CNY, reflecting a 3.05% increase [1] - The current fuel oil sales in China are 44,200 tons, up from 43,100 tons in the previous period, indicating a 2.55% increase [1] - The inventory rate for domestic fuel oil is at 6.4%, an increase of 0.8 percentage points from the previous period's 5.6% [1] Group 2 - ARA region fuel oil inventories have decreased, which is favorable for fuel oil prices [2] - The trade demand is recovering as tariff disputes move towards agreement, which is expected to support fuel oil prices [2] - The cost side is seeing a rebound in crude oil prices, which is anticipated to drive fuel oil prices higher [2]

Group 1 - The domestic futures market for energy and chemicals showed mixed results, with fuel oil futures experiencing a price increase of approximately 3.05%, reaching a high of 3083.00 yuan/ton [1] - As of May 28, the total inventory of refined oil at the Fujairah Oil Industrial Zone in the UAE decreased by 13% to 17.894 million barrels, marking a four-month low [1] - The inventory of light distillates fell by 984,000 barrels to 729,300 barrels, while medium distillates decreased by 289,000 barrels to 100,600 barrels, and heavy residual fuel oil dropped by 1.395 million barrels to 959,500 barrels [1] Group 2 - The US has banned Chevron from exporting crude oil from Venezuela, while OPEC and its allies have maintained their production quotas [2] - The profit margin for Shandong independent refineries on fuel oil samples has decreased by 81.34%, down 109 yuan/ton to 25 yuan/ton [2] - The technical outlook for the FU main contract indicates support at 2900 and resistance at 3100, while the LU main contract shows support at 3400 and resistance at 3600, with a short-term bearish trend [2]

Group 1 - The domestic energy chemical sector showed positive performance on May 20, with fuel oil futures experiencing fluctuations and a price increase of 1.91% [1] - Japan's commercial aviation fuel inventory decreased to 750,500 kiloliters as of May 17, down from 761,400 kiloliters, indicating a reduction of 10,912 kiloliters [1] - Egypt's state-owned oil company announced a demand for 2 million tons of fuel oil for delivery in May and June, which, if fulfilled, would exceed seasonal levels [1] Group 2 - Southwest Futures noted that global trade demand is recovering, leading to a stronger fuel oil price after tax friction agreements are signed, supported by declining inventories in ARA, Singapore, and Fujairah [1] - According to Ruida Futures, the U.S. Treasury market instability may increase uncertainty, and geopolitical tensions, including potential Israeli strikes on Iran, could impact oil prices [2] - The fuel oil market is experiencing cautious procurement from downstream sectors, with a slight improvement in trading atmosphere [2]