Group 1 - Singapore's fuel oil inventory decreased by 2.095 million barrels, reaching a 13-week low of 23.378 million barrels [1] - Light distillate oil inventory increased by 297,000 barrels, reaching a 41-week high of 1.5821 million barrels [1] - Medium distillate oil inventory rose by 319,000 barrels, reaching a 7-week high of 8.638 million barrels [1]

Core Insights - The total refined oil inventory at Fujairah Port in the UAE reached 18.966 million barrels as of the week ending January 5, marking an increase of 272,000 barrels or 15% from the previous week [1] Group 1: Inventory Breakdown - Light distillates inventory rose to 7.665 million barrels [1] - Medium distillates inventory increased to 2.402 million barrels [1] - Heavy residual fuel oil inventory decreased to 8.899 million barrels [1]

Group 1 - Singapore's fuel oil inventory increased by 503,000 barrels, reaching a 13-week high of 26.062 million barrels [1] - The inventory of medium distillates decreased by 676,000 barrels, falling to a two-week low of 8.36 million barrels [1] - Light distillate inventory rose by 186,400 barrels, reaching a 16-week high of 1.4991 million barrels [1]

Core Insights - Singapore's fuel oil inventory increased by 1.47 million barrels to 25.95 million barrels, reaching a 9-week high as of the week ending November 12 [1] - Light distillate oil inventory decreased by 74,000 barrels to a 5-week low of 12.08 million barrels [1] - Medium distillate oil inventory fell by 119,000 barrels to a 2-week low of 9.10 million barrels [1]

Core Insights - The total refined oil inventory at Fujairah Port in the UAE reached 18.607 million barrels as of the week ending November 3, marking an increase of 851,000 barrels from the previous week [1] Group 1: Inventory Breakdown - Light distillates inventory decreased to 6.713 million barrels [1] - Medium distillates inventory decreased to 3.234 million barrels [1] - Heavy residual fuel oil inventory increased to 8.66 million barrels [1]

Core Insights - The total inventory of refined oil at Fujairah Port in the UAE was reported at 13.089 million barrels as of the week ending September 15, reflecting a decrease of 2.935 million barrels from the previous week [1] Group 1: Inventory Breakdown - The inventory of light distillates decreased to 6.048 million barrels [1] - The inventory of middle distillates decreased to 1.651 million barrels [1] - The inventory of heavy residual fuel oil decreased to 5.390 million barrels [1]

Report Summary 1. Investment Rating There is no specific report industry investment rating provided in the content. 2. Core View - After the power outage on April 28, Spain has 700,000 barrels per day of refining capacity and Portugal has 200,000 barrels per day of refining capacity in a shutdown state. This leads to a significantly low refinery utilization rate in Europe, which will drag down Europe's crude oil import demand and tighten European refined oil supply, supporting the refined oil crack spread. The power outage reflects the vulnerability of the European power system, and relying solely on new energy power generation will bring instability to the power system, affecting European refinery operations and downstream refined oil consumption [2]. - Oil prices are expected to oscillate and bottom out in the short - term and be short - configured in the medium - term [3]. 3. Summary by Relevant Contents Market News and Important Data - The price of light crude oil futures for June delivery on the New York Mercantile Exchange fell $1.02 to $58.07 per barrel, a decline of 1.73%. The price of Brent crude oil futures for July delivery in London fell $1.03 to $61.12 per barrel, a decline of 1.66%. The main SC crude oil contract closed down 1.52% at 459 yuan per barrel [1]. - As of the week ending May 5, the total refined oil inventory at the Port of Fujairah in the UAE increased 0.1% month - on - month to 20.742 million barrels. Medium distillate inventory decreased 20% to 1.73 million barrels, a seven - month low. Heavy residue fuel oil inventory decreased 2.6% to 10.462 million barrels, a six - week low. Light distillate inventory rose to 8.55 million barrels from a one - month low the previous week [1]. - Qatar set the shipping price of June marine crude oil at a premium of $0.80 per barrel over Oman/Dubai crude oil prices and the shipping price of land - transported crude oil at a premium of $0.70 per barrel over Oman/Dubai crude oil prices [1]. - The EU is considering sanctions against Litasco Middle East DMCC, a trading subsidiary of Russian oil giant Lukoil PJSC in Dubai. This is part of a comprehensive new measure against Moscow's shadow tanker fleet [1]. - For the week ending May 2 in the US, EIA crude oil inventory was - 2.032 million barrels (expected - 0.833 million barrels, previous value - 2.696 million barrels); Cushing, Oklahoma crude oil inventory was - 0.74 million barrels (previous value 0.682 million barrels); refined oil inventory was - 1.107 million barrels (expected - 1.271 million barrels, previous value 0.937 million barrels). Domestic crude oil production decreased by 0.098 million barrels to 13.367 million barrels per day; Strategic Petroleum Reserve (SPR) inventory increased by 0.58 million barrels to 399.1 million barrels, an increase of 0.15%. Commercial crude oil imports excluding strategic reserves were 6.056 million barrels per day, an increase of 0.558 million barrels per day from the previous week [1]. Investment Logic The power outage on April 28 led to a significant amount of refining capacity in Spain and Portugal being shut down, resulting in a low refinery utilization rate in Europe. This has an impact on European crude oil import demand and refined oil supply, and also reflects the instability of the European power system [2]. Strategy - Short - term: Oil prices will oscillate and bottom out. - Medium - term: Short - configure oil prices [3]. Risk - Downside risks: OPEC significantly increases production, macro black swan events [3]. - Upside risks: Supply of sanctioned oil (Russia, Iran, Venezuela) tightens, large - scale supply disruptions due to Middle East conflicts [3].

金十数据整理：每日期货市场要闻速递（5月8日） 1. 据Mysteel，限产消息对东北区域影响有限，吉林区域由于近年钢厂生产意愿持续低迷还处于减量状 态，故与限产难有关联；至于辽黑两地限产消息影响几何，也需等政策最终落地方能知晓。 2. 路透公布对USDA 5月供需报告中美国农作物产量的数据预测，分析师平均预计，美国2025/2026年度 大豆产量料为43.38亿蒲式耳，预估区间介于43-44亿蒲式耳，USDA农业展望论坛为43.7亿蒲式耳。 3. 巴西全国谷物出口商协会（Anec）预计，巴西5月大豆出口为1260万吨，去年同期为1347万吨；豆粕 出口预计为187万吨，去年同期为197万吨。 4. 阿联酋富查伊拉石油工业区最新数据显示，截至5月5日当周，阿联酋富查伊拉港的成品油总库存环比 上升了0.1%，达到2074.2万桶。其中，中质馏分油库存下降了20%，至173万桶，为七个月低点。 5. 据SMM了解，近期华南市场光伏玻璃企业部分报价下调至13元/平方米，主要原因为组件需求以及组 件价格的下降使组件企业对原料接受心态下降，原报价无接单，为促进接单，局部报价下调，预计后续 光伏玻璃市场或将出现普遍下调预 ...