路透社计算显示，俄罗斯5月份初级离线炼油产能较之前的计划上调29.5%，至341万吨。 ...

拟共建两大炼油项目拓展全球市场 近日，印度政府官员表示，印度与沙特阿拉伯已就合作推进印度境内两个新建炼油项目达成协议。 此举不仅将推动双方突破传统能源贸易关系，进一步拓展合作领域，还将对全球能源市场格局产生重要 影响。目前，印度正依托沙特油气资源加速发展炼油产业。 能源合作共识达成 莫迪指出："两国在供应链、循环经济、能源效率和绿氢等领域合作潜力巨大。作为国际太阳能联 盟成员，我们正研究印度与沙特及周边地区电网互联的可行性。"他强调，尽管全球能源市场面临挑 战，但印沙地理邻近的优势为双边贸易提供了坚实基础。 在印度总理莫迪访问沙特期间，双方就扩大能源合作达成一致。印度官员表示，随着能源需求持续 增长，沙特将继续作为印度推进能源安全进程中的重要合作伙伴。数据显示，2023至2024财年，两国能 源贸易额达257亿美元。沙特是印度第三大原油及石油产品供应国，占印度原油进口总量的14.3%，同 时也是印度第三大液化石油气（LPG）供应来源，占比约18%。 莫迪还表示："能源、农业和化肥仍是贸易合作重点，同时我们正推动多元化发展，印度企业与沙 特产业的联系正日益紧密。" 莫迪表示："能源始终是印沙经济合作的核心支柱。 ...

Core Insights - The article highlights the rapid growth and expansion of logistics and trade between Shaanxi province and Central Asian countries, driven by improved infrastructure and strategic initiatives [2][3][4]. Group 1: Logistics and Trade Development - The operation of the Xi'an West Port in Kazakhstan has significantly reduced cargo transfer time from several days to just 3 hours, with shipments to Central Asia and Central Europe increasing to approximately 4,000 containers, more than triple the amount in 2023 [2]. - The upcoming completion of the Almaty logistics hub in Kazakhstan will enable one-stop services for storage, distribution, and transportation, enhancing logistics efficiency and reducing costs [2]. - In the first quarter of this year, Shaanxi's import and export volume with Kazakhstan reached 710 million yuan, a year-on-year increase of 130% [4]. Group 2: Economic Cooperation and Investment - Shaanxi's trade with Central Asian countries continues to prosper, with the province's exports including over 200 million tons of refined oil to Kyrgyzstan, capturing one-third of the local market share [5]. - The market share of Shaanxi's heavy-duty trucks in Central Asia exceeds 40%, making it the leading Chinese brand in the region [5]. - The province's trade volume with Central Asian countries is projected to reach 8.575 billion yuan in 2024, reflecting a year-on-year growth of 48.1%, alongside new investments totaling 7.044 million USD [8]. Group 3: Cultural and Educational Exchange - Cultural exchanges between Shaanxi and Central Asian countries are flourishing, with various events showcasing traditional music and arts [10][11]. - Educational collaborations are expanding, with multiple universities establishing branches and programs in Central Asia, enhancing talent development [11]. - The establishment of the China-Central Asia Mechanism Secretariat is expected to facilitate broader and deeper cooperation between Shaanxi and Central Asian nations [12].

Group 1 - An explosion occurred at the Baiji oil refinery in Iraq on Sunday [1]

智通财经5月17日电，大阪的日石（ENEOS）堺市炼油厂发生气体泄漏，3人被送往医院，其中2人昏 迷。 ...

美国环保署署长：环保署希望"尽快"处理小型炼油厂的生物燃料豁免申请。 ...

Group 1 - The oil market continues its strong performance, with WTI crude oil futures rising 2.8% to $63.67 per barrel and Brent crude oil futures increasing 2.6% to $66.63 per barrel, marking the largest four-day gain since October of the previous year [1] - The positive market sentiment is driven by a breakthrough in US-China trade negotiations, where both parties agreed to suspend new tariffs for 90 days, alleviating concerns over weak energy demand [1] - The US Labor Department reported a narrowing year-on-year increase in the Consumer Price Index (CPI) to 2.3%, the lowest in four years, which has led institutions like JPMorgan and Barclays to lower recession forecasts for the US economy [1] Group 2 - Geopolitical factors are also providing support, with the Trump administration adopting a hardline stance towards Iran, raising concerns about the stability of Middle Eastern supply [2] - Demand signals are turning positive, as a JPMorgan report indicates that despite uncertainties in crude oil demand, the refined oil market remains strong, with gasoline and diesel prices stable [2] - The refining sector is experiencing a bullish response in the secondary market, with companies like PBF Energy rising 10.1% and Delek US increasing by 6.1% [2]

沙特阿美首席执行官：计划投资34亿美元扩建美国炼油厂。 ...

Group 1 - Chevron is attempting to restart its El Segundo refinery in California after partially shutting down some units last week [1]

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - The near - end high - sulfur supply in the Asian market remains abundant, with high inventories of high - sulfur fuel oil in Singapore. However, there is still a medium - term supply gap due to geopolitical and sanctions affecting exports from Russia and the Middle East. High - sulfur seasonal power generation demand is starting to increase [7]. - Low - sulfur fuel oil spot prices are fluctuating. Supply is continuously rising while downstream demand is weak. The return of external low - sulfur raw material supply and increased production in some regions are contributing to the supply increase [7]. 3. Summary by Directory First Part: Related Data - **Prices and Changes**: On May 12, 2025, the FU main contract was at 2996, up 47 from May 9; the LU main contract was at 3518, up 46 from May 9. The LU - FU main contract spread was 522, down 1 from May 9 [4]. - **Positions and Changes**: FU main contract positions were 14.3 million hands, down 0.6 million hands from May 9; LU main contract positions were 6.4 million hands, down 0.2 million hands from May 9 [4]. - **Warehouse Receipts and Changes**: FU high - sulfur fuel oil warehouse receipts were 44,390 tons, down 6730 tons from May 9; LU low - sulfur fuel oil warehouse receipts were 26,270 tons, down 15,980 tons from May 9 [4][7]. Second Part: Market Analysis - **Important News**: The RFCC of Dangote Refinery has restarted, and BP Rotterdam Refinery plans to shut down one of its two CDU units for maintenance in May. Intermittent supply may increase price fluctuations, and the success of Dangote's production increase will affect the EBOB spread in Q3 2025 [6]. - **Market Judgment**: High - sulfur fuel oil: Supply is abundant in the short - term but has a medium - term gap. Demand for power generation is increasing. Low - sulfur fuel oil: Supply is rising while demand is weak, and the return of external supply and increased production in some regions are factors [7]. Third Part: Related Attachments - The report includes six graphs showing data such as Singapore high - sulfur and low - sulfur spot premiums, high - and low - sulfur price differentials, and fuel oil cracking spreads. The data sources are Galaxy Futures and Reuters [9].