Core Viewpoint - The article discusses recent military actions between Ukraine and Russia, highlighting Ukraine's attack on a key Russian oil facility and ongoing battles in various regions, as well as the geopolitical implications involving NATO and diplomatic efforts. Group 1: Military Actions - Ukrainian armed forces conducted a coordinated attack on the Russian oil refinery in Saratov, which is crucial for supplying fuel to the Russian military [1][3] - The Russian Defense Ministry reported control over the Oligovskoye settlement in the Zaporizhzhia region, while Ukraine claimed to have repelled multiple Russian attacks in various directions [5][7][9] Group 2: Geopolitical Context - Russian presidential spokesperson Peskov stated that NATO is effectively engaged in combat with Russia by providing support to Ukraine, indicating a significant escalation in the conflict [10][12] - Peskov also mentioned that there has been no progress in the trilateral talks involving Russia, the U.S., and Ukraine, emphasizing Russia's willingness for diplomatic resolution despite perceived obstacles from Ukraine and European nations [12][13]

Group 1 - The Gulf Cooperation Council (GCC) member countries are expanding refining capacity to derive more value from fossil fuel resources, with refining capacity increasing by one-third since 2017, reaching 10.5 million barrels per day [1] - Gasoline production in the Gulf region has risen significantly from 1.7 million barrels per day to nearly 2.4 million barrels per day, with gasoline exports doubling to 654,000 barrels per day [1] - The traditional pricing mechanism based on Singapore market prices is becoming less relevant as Singapore now accounts for only 7% of the Gulf's gasoline exports, prompting the need for a new pricing mechanism to better reflect local market fundamentals [1] Group 2 - The new pricing mechanism called "MEBOB" has been introduced, which corresponds to the European "EBOB" and the American "RBOB," positioning the Middle East as a new oil trading hub [2] - MEBOB aims to reflect the value of Gulf refined products and is seen as a recognition of the structural changes in the global energy market [2] Group 3 - The UAE has initiated the Murban crude oil trading to compete with Brent and WTI, launching Murban crude futures contracts to establish an alternative benchmark for Middle Eastern crude [3] - Murban crude is characterized by its low sulfur content of 0.78% and an API gravity of 39.9 degrees, with a significant infrastructure project underway to enhance its export capabilities [3] - A large underground storage facility is being constructed in Fujairah, with a total capacity of 42 million barrels, representing the largest of its kind globally, and is expected to be operational after delays due to the pandemic [3] Group 4 - The trading volume of Murban crude futures has surged, with the second quarter of 2024 seeing a record trading volume of 1.5 billion barrels, more than double the growth rate from the beginning of the year [4] - June 2024 set new trading records with an average daily trading volume of 31 million barrels and a single-day peak of 573,000 contracts, indicating Murban crude's emergence as a globally influential pricing benchmark [4]

Group 1 - The Russian Ministry of Defense reported that its air defense systems shot down 361 drones in the past 24 hours [1] - Ukrainian armed forces conducted an attack on the Kirishi oil refinery in Leningrad Oblast, indicating a systematic effort to weaken Russia's military economic capabilities [1] - The Kirishi refinery is one of Russia's largest, capable of refining over 80 types of petroleum products, including gasoline, diesel, and aviation fuel, which are essential for the Russian armed forces [1]

乌消息人士称打击俄彼尔姆边疆区一化工厂 中新网9月15日电 据《基辅独立报》报道，乌克兰国防部情报总局消息人士当地时间14日称，乌无人机 13日对俄罗斯彼尔姆边疆区一化工厂实施打击。 据报道，消息人士还称，初步消息显示，生产设备已遭损坏。 俄罗斯列宁格勒州州长德罗兹坚科则表示，俄罗斯防空部队拦截了3架无人机。一架无人机残骸导致炼 油厂燃起大火。目前，大火已被扑灭，没有造成人员伤亡。 来源：中国新闻网 编辑：董文博 此外，乌克兰总参谋部证实，乌军于14日袭击了俄罗斯列宁格勒州的"基里希"炼油厂。这是俄罗斯最大 的炼油厂之一。 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 ...

Core Viewpoint - Ukrainian armed forces conducted an attack on the Kirishi oil refinery in Leningrad Oblast, Russia, aiming to weaken Russia's military economic capabilities by targeting energy, weapons, and ammunition production facilities [1] Group 1: Attack Details - The attack was carried out by Ukrainian unmanned systems and special forces, resulting in an explosion and fire at the Kirishi oil refinery [1] - The situation regarding the attack is currently being verified by the Ukrainian armed forces [1] Group 2: Strategic Importance - The Kirishi oil refinery is one of Russia's largest refineries, capable of refining over 80 types of petroleum products, including gasoline, diesel, and aviation fuel [1] - The products from this refinery are essential for meeting the needs of the Russian armed forces [1]

Core Viewpoint - Recent fluctuations in low-sulfur fuel oil futures prices are primarily influenced by supply-side factors, with increased low-sulfur supply and high inventory levels leading to downward pressure on prices [6][24]. Supply Analysis - The Dangote refinery has delayed the restart of its RFCC unit, which was originally scheduled for September 20, extending the shutdown by at least three months. This is expected to double the weekly export volume of low-sulfur fuel oil to around 180,000 tons over the next three months [7]. - Other Middle Eastern refineries are maintaining stable low-sulfur supply levels without significant changes [7]. - The total low-sulfur fuel oil tendered by Dangote for September amounts to 390,000 tons, with no corresponding shipping dates observed yet [9]. Demand Analysis - The demand for low-sulfur fuel oil is under pressure due to the end of the summer peak and the decline in power generation needs in the Middle East. The current demand for low-sulfur fuel oil lacks substantial support [6][24]. - In July, Singapore's marine fuel demand showed stability and slight improvement, with total marine fuel sales reaching 4.92 million tons, a month-on-month increase of 7% and a year-on-year increase of 5.7%. However, low-sulfur fuel oil sales decreased by 3% month-on-month [15]. Inventory Levels - As of September 10, 2025, Singapore's fuel oil inventory reached approximately 4.18 million tons, a slight decrease of 160,000 tons but still at a historical high. Zhoushan Port's fuel oil inventory stands at 1.18 million tons [23][24]. Price Dynamics - The price difference between low-sulfur and high-sulfur fuel oils has widened to historical highs, prompting some shipowners to switch to high-sulfur fuel. The recent price fluctuations are mainly driven by supply changes, with the low-sulfur fuel oil market facing downward pressure due to high inventory and weak demand [15][24].

【环球时报驻韩国、美国特约记者 黎枳银 冯亚仁 环球时报记者 倪浩】编者的话：作为韩国第四大出口行业的石化产业，正遭遇近年来最严峻 的"寒冬"。韩国"石化四巨头"——乐天化学、LG化学、韩华解决方案、锦湖石化2025年上半年均陷入巨额亏损。韩国新政府6月上任后将石化行 业列为重点整顿对象，要求企业"结构性瘦身"自保。在这个关乎行业存亡的紧要关头，韩企改革却裹足不前，任由危机层层扩散。与此同时，美 国石油巨头雪佛龙突然高调宣布加码对韩投资，被舆论质疑是在产业低谷中"低位切入"，意在进一步掌控韩国的支柱产业。 " 炼油强国的崩塌边缘 " 韩国石化与炼油体系近年来全面承压。韩国央行10日发布的《2025年第二季度企业经营分析》报告显示，受制造业整体疲软拖累，石化行业销售 额同比下降7.8%，自2024年三季度以来已连续四个季度负增长。据韩国《朝鲜日报》9日报道，韩国的"石化四巨头"2024年由盈转亏8784亿韩元 （1000韩元约合5.1元人民币），2025年上半年再亏近5000亿韩元，全年亏损或进一步扩大。《朝鲜日报》称，石油炼制工业是韩国继半导体、汽 车和通用机械之后的第四大出口行业，但如今的韩国处于"炼油强国 ...

在革命老区甘肃庆阳，一座现代化的炼化企业——中国石油天然气股份有限公司庆阳石化分公司（以下 简称庆阳石化），在税务合规经营方面树立了行业标杆。 近年来，国家税务总局庆阳市税务局引导企业诚信纳税，帮助企业实现链式合规，助力其完成从"老区 窑洞"到"城市型精品炼厂"的绿色转型。 诚信纳税：从"合规遵从"到"价值创造" 多年来，庆阳石化始终将"诚信纳税"作为企业经营的底线，坚持依法纳税、规范管理，严格遵守各项税 收法律法规，确保税款计算准确、申报及时、缴纳足额，连续多年纳税缴费信用等级被评为A级，2022 —2024年累计缴纳各项税费超220亿元。 "所谓'链式合规'，就是建立了供应商税务信用评价体系，将税务合规作为供应商准入的重要标准，推 动上下游企业共同构建合规生态。"韩永强介绍。 庆阳石化主动与税务机关建立常态化沟通机制，积极参与税收政策研讨，反馈行业诉求。2024年，庆阳 市税务局与企业联合开展"税收合规护航行动"，为区域内中小企业提供税务合规辅导，推动全行业健康 发展。 "合规经营不是'紧箍咒'，而是'护身符'。"庆阳石化财务部主任韩永强表示。庆阳石化作为国有大型企 业，合规经营、依法纳税不仅是企业应尽的 ...

Group 1 - The main contract for fuel oil futures experienced a rapid increase, reaching a peak of 2807.00 yuan, with a current price of 2794.00 yuan, reflecting a rise of 1.38% [1] - Southwest Futures indicates that there is significant downward pressure on fuel oil prices due to high inventories in Singapore and a lack of momentum in the Asian fuel oil market [1] - The ARA refining storage center reported a fuel oil inventory of 1 million tons, a decrease of 4.4% week-on-week, indicating some supply adjustments [1] Group 2 - Ruida Futures expects short-term fluctuations in fuel oil prices to be weak, influenced by OPEC+ production increases and weak demand, while geopolitical risks and interest rate cut expectations provide some support [2] - Domestic refining capacity is recovering as major refineries complete maintenance, although the overall fuel oil supply remains high compared to the year [2] - The shipping market shows signs of recovery, but high inventories in Singapore continue to exert pressure on domestic supply, leading to overall weakness in fuel oil prices [2]

Group 1 - Ukrainian armed forces confirmed attacks on one of Russia's four major oil refineries and a fuel depot supplying the Russian military, marking a continuation of systematic attacks on energy infrastructure since the beginning of 2024 [1][11] - The attack on the Ryazan refinery involved the 14th drone brigade, special forces, and other defense units, indicating a coordinated military effort [5] - Reports indicate that a fire broke out at the Ryazan refinery following the drone strike, with local authorities claiming that eight drones were shot down during the incident [7] Group 2 - The attack on the occupied Luhansk region targeted a significant fuel depot for the Russian military, further demonstrating Ukraine's strategy to disrupt Russian supply lines [9] - Ukrainian military leadership has confirmed most of the attacks, stating that the defense forces are systematically working to weaken the operational capabilities of the Russian occupying forces [13] - Since early 2024, Ukrainian drones have regularly targeted Russian refineries, with some facilities suffering damage to key oil processing equipment that requires repairs [11]