中国石化新闻网讯 据8月19日FX Empire报道,欧佩克本月向市场投放更多石油,需求担忧仍与对冠状病毒的担忧息息相关。美国西德克萨斯中质原油和全球基准布伦特原油期货价格周三早盘小幅走低。市场担心美国燃料需求可能不会像预期的那样迅速复苏。
格林尼治标准时间05:35,10月WTI原油期货价格为每桶42.86美元,下跌0.26美元,降幅为0.60%,12月布伦特原油期货价格为每桶46.20美元,下跌0.29美元,降幅为0.62%。
成交量远低于平均水平,投资者一方面关注周三稍晚举行的欧佩克+部长级会议,另一方面关注定于14:30公布的美国政府每周库存报告。
美国石油学会周二公布,截至8月14日当周的原油库存减少了426.4万桶。分析师此前预计库存将小幅减少267万桶。汽油产量增加499.1万桶,此前分析师预计将增加105.7万桶。馏分油库存本周减少了96.4万桶,库欣库存小幅下降59万桶。
投资者正焦急地等待欧佩克+部长级小组会议的消息,该会议将审查之前达成的石油减产协议的遵守情况。
欧佩克+在8月份将减产幅度从之前的970万桶/天降至770万桶/天。根据欧佩克+消息人士和路透周一审阅的一份报告草稿显示,7月份减产遵守率为95%至97%。
过去两周的价格走势表明,投资者正努力将该市场推至五个月新高,因需求担忧仍与冠状病毒担忧相关联,加上欧佩克本月向市场投放更多原油。
美国政府新刺激计划的推迟也可能打压需求,因汽油消费者手中的资金将减少。此外,美国的失业率仍然很高,这意味着开车上班的人越来越少,航空客流量减少也是一个主要问题。值得注意的是美国即将度过夏季,但目前汽油库存仍非常高。
在周二的API报告中,汽油库存的大量增加抵消了原油库存的温和减少,冷却了市场的看涨情绪。如果EIA报告也发布了同样的消息,那么油价降幅可能会更大。
王佳晶 摘译自 FX Empire
原文如下:
Oil Price Fundamental Daily Forecast – API Gasoline Build Offsets Crude Oil Draw; EIA on Tap
Demand concerns remain tied to the coronavirus worries as OPEC returns more barrels to the market this month.
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are edging lower early Wednesday on concerns that U.S. fuel demand may not recover as quickly as expected amid stalled talks on an economic stimulus package, overshadowing a bigger-than-expected drawdown in U.S. crude stocks in a private industry report.
At 05:35 GMT, October WTI crude oil futures are trading $42.86, down $0.26 or -0.60% and December Brent crude oil is at $46.20, down $0.29 or -0.62%.
The range is tight and volume is well below average with investors keeping one eye on the key OPEC+ ministerial meeting later in the day, and the other eye on a U.S. government weekly inventories report, due to be released at 14:30 GMT.
The API reported Tuesday a draw in crude oil inventories of 4.264 million barrels for the week-ending August 14. Analysts had predicted a modest inventory draw of 2.670-million barrels.
The API also reported a build of 4.991 million barrels of gasoline for the week ending August 14. Analysts were looking for a 1.057-million barrel draw for the week.
Distillate inventories were down by 964,000 barrels for the week. Cushing inventory fell by a modest 590,000 barrels.
Investors are anxiously awaiting news from Wednesday’s meeting of a ministerial panel of OPEC+, which is set to review adherence to a previously agreed deal on oil output cuts.
Compliance with the cuts stood at 95-97% in July, according to OPEC+ sources and a draft report reviewed by Reuters on Monday. OPEC+ eased their cuts in August to 7.7 million barrels per day (bpd) from 9.7 million bpd previously.
The price action the past two weeks suggests investors are struggling to push this market into new 5-month high territory as demand concerns remain tied to the coronavirus worries as OPEC returns more barrels to the market this month.
The delay in the new U.S. government stimulus program could also weigh on demand since less money will be in the hands of gasoline consumers. Furthermore, the U.S. jobless rate remains high, meaning that fewer workers are driving to work. Reduced airline traffic is also a major concern. Finally, the U.S. summer season is rapidly coming to an end and gasoline inventories are extremely high.
In the API report on Tuesday, a large build in gasoline inventories offset a modest draw in crude oil inventories, cooling bullish sentiment in the markets. If the EIA report delivers the same news then look for an even steeper decline.