Investment Rating - The industry investment rating is "Positive" for the oil and petrochemical sector, indicating an expectation of performance that exceeds the market benchmark by more than 5% over the next six months [4]. Core Insights - As of August 8, 2025, Brent and WTI crude oil prices have decreased, while OPEC and domestic crude oil prices have increased in July [3][14]. - U.S. refinery utilization rates have risen, and the supply of finished gasoline and petroleum products has increased, while gasoline inventories have decreased month-over-month [2][3]. - U.S. crude oil imports have increased month-over-month, while exports have decreased; in contrast, China's crude oil imports have declined significantly, but exports have surged [2][44][48]. Summary by Sections 1. Crude Oil Prices - Brent crude futures settled at $66.59 per barrel, down 2.99% month-over-month; WTI crude futures settled at $63.88 per barrel, down 4.04% [8][9]. - OPEC crude prices increased to $70.97 per barrel in July, up 1.78% month-over-month [14]. 2. Supply and Demand - OPEC crude oil production increased to 27,543 thousand barrels per day in July, up 1.13% month-over-month [21]. - U.S. refinery crude oil production decreased slightly to 17.24 million barrels per day, down 0.06% month-over-month but up 1.71% year-over-year [24]. 3. Inventory - Total U.S. crude oil and petroleum product inventories rose to 1,670,549 thousand barrels, up 0.72% month-over-month [32]. - U.S. gasoline inventories decreased to 226,290 thousand barrels, down 2.82% month-over-month [32]. 4. Imports and Exports - U.S. crude oil imports averaged 6,214.25 thousand barrels per day in July, up 1.61% month-over-month [44]. - China's crude oil imports fell to 4,720,000 tons, down 5.39% month-over-month, while exports increased significantly [44][48].