原油日报 | 2025-07-22 欧盟加大对俄罗斯石油制裁，意在堵住炼油漏洞 市场要闻与重要数据 1、纽约商品交易所8月交货的轻质原油期货价格下跌14美分，收于每桶67.20美元，跌幅为0.21%；9月交货的伦敦 布伦特原油期货价格下跌7美分，收于每桶69.21美元，跌幅为0.10%。SC原油主力合约收跌1.20%，报509元/桶。 2、 对于是否重启与美国的核谈判事宜，伊朗外交部长阿拉格齐在接受采访时表示，伊朗仍在等待美方展现"真正 的决心"。他强调："军事手段解决不了问题，只有外交途径才行。我们准备好了，但前提是美国放弃军事野心， 并作出补偿。" (来源：Bloomberg） 3、\t欧盟已就针对俄罗斯的第十八轮制裁方案达成协议，新措施旨在进一步打击俄罗斯原油与能源产业。此次制 裁将七国集团（G7）对俄罗斯石油价格上限从每桶60美元调降至47.6美元。欧盟外交与安全政策高级代表卡拉斯 宣布："欧盟刚批准迄今最严厉的对俄制裁方案，我们将持续提高战争成本，直至停止行动成为俄罗斯唯一出路。" 制裁措施还将导致约20家俄罗斯银行被切断国际支付系统SWIFT的服务并面临全面交易禁令，北溪天然气管道将 受到制裁以确 ...

原油日报 | 2025-07-17 EIA美国商业原油库存环比下降 市场要闻与重要数据 1、\t纽约商品交易所8月交货的轻质原油期货价格下跌14美分，收于每桶66.38美元，跌幅为0.21%；9月交货的伦 敦布伦特原油期货价格下跌19美分，收于每桶68.52美元，跌幅为0.28%。SC原油主力合约收跌0.00%，报517元/桶。 3、\t国家能源局消息，2025年7月16日，全国最大电力负荷继今年7月4日首创新高（14.65亿千瓦）、7月7日再创新 高（14.67亿千瓦）后再次刷新历史纪录，首次突破15亿千瓦，最大达到15.06亿千瓦，较去年最大负荷增加0.55亿 千瓦。本周全国电力负荷持续维持高位，迎峰度夏能源保供工作已进入关键时期。（来源：Bloomberg） 4、\t沙特采用了一种新的计量标准来报告6月原油产量，使其与配额要求相符。根据欧佩克最新月度报告，该国上 月的"市场供应量"为每日936万桶，而实际原油产量为每日975万桶。沙特改变了其供应报告方式，采用向市场的 供应量而非实际产量数据。若不做此调整，沙特6月的每日原油产量将超出其生产目标38.5万桶。（来源：Bloomberg） 5、\tEIA报 ...

Group 1: Report Industry Investment Rating - Oil prices will fluctuate within a range, and a medium - term short - position allocation is recommended [3] Group 2: Core Viewpoints - Saudi Arabia's recent production increase is not for market share but due to the Middle East conflict. It is to transfer supply overseas, not directly increase sales to customers. This operation is not sustainable as the conflict eases. Saudi Arabia is still restrained in production increase and aims to balance Trump's call to lower oil prices with its own interests [2] Group 3: Summary by Related Catalogs Market News and Important Data - WTI August crude oil futures fell $1.47, a nearly 2.15% decline, to $66.98 per barrel. Brent September crude oil futures dropped $1.15, over a 1.63% decline, to $69.21 per barrel [1] - Trump said the US will send more weapons to Ukraine, produce weapons independently, and have Ukraine bear the cost. If no agreement is reached in 50 days, the US will impose 100% secondary tariffs on Russia, possibly targeting countries buying Russian oil [1] - The IEA monthly report raised oil supply forecasts for this and next year. Iranian crude production and exports declined in June, while Saudi oil production soared in June, far exceeding OPEC+ quotas [1] - OPEC Secretary - General Haitham Al Ghais said OPEC and its allies are increasing oil production. Third - quarter oil demand will be "very strong", and supply - demand will be in a tight balance in the following months. The organization expects 2025 demand to increase by 1.3 million barrels per day year - on - year. However, OPEC lowered its global oil demand forecast for the next 4 years last week [1] Investment Logic - Saudi Arabia's production increase is not for market share but due to the Middle East conflict and will not be sustainable [2] Strategy - Oil prices will have a range - bound movement, and a medium - term short - position allocation is advised [3]