<p>巨大的减产 ...</p>
<p><strong>预期</strong> 我看到的集中在：</p>
<ul>
<li>原油 -340 万桶</li>
<li>柴油 -130 万桶</li>
<li>汽油 -210 万桶</li>
</ul>
<p>---</p>
<p>原油市场在周二经历了一段波动的交易后，最终基本持平，两个晚间《华尔街日报》的报道将基准价格拉回到接近收盘时的高点。</p>
<p>其中一则更重要的报道指出，调解人认为美伊核谈判没有实质性进展，德黑兰的谈判立场与之前未能达成协议的轮次基本 unchanged。WSJ 的消息来源还表示，美国和以色列一直在积极准备对伊朗的新一轮打击，有人暗示军事行动可能在下周早些时候就会发生。另一则 WSJ 报道补充说，华盛顿在印度洋扣押了一艘与伊朗有关的船只，这标志着与打击伊朗影子舰队相关的至少第三次油轮扣押。</p>
<p>在交易的早些时候，因卡什姆岛发生爆炸的报道引发了一阵短暂的上涨，尽管这后来被归因于处理未爆弹药，而不是任何新的军事交火，因此该走势随之消退。</p>
<p>该交易时段最重要的消息实际上是在周一的结算后发布的，当时特朗普确认他已取消原定于周二对伊朗的打击，理由是沙特阿拉伯、阿联酋和卡塔尔的请求。尽管如此，他仍然施加压力，警告伊朗可能在两到三天内面临再次打击，并表示决定将 “很快” 公布。副总统范斯强调了二元框架，表示伊朗面临达成协议或恢复敌对行动的简单选择，同时指出已经取得了实质性进展。</p>
<p>WTI 和布伦特原油价格变化不大，价格区间仍然受到近期标准的限制。</p>
<p>---</p>
<p>这一数据点来自美国石油协会（API）进行的私人调查。</p>
<ul>
<li>这是对石油储存设施和公司的调查</li>
<li>官方报告预计在美国时间周三早上发布。关闭许可。</li>
</ul>
<p>这两份报告有很大不同。</p>
<p>官方政府数据来自美国能源信息署（EIA）</p>
<ul>
<li>基于能源部和其他政府机构的数据</li>
<li>而 API 报告提供的原油储存总水平及与前一周水平的变化信息，EIA 报告还提供了炼油厂的输入和输出统计数据，以及石油市场状态的其他重要指标，以及轻质、中质和重质原油的储存水平。</li>
<li>EIA 报告被认为比 API 的调查更准确和全面。</li>
</ul>

西方石油

美国近 12 月期原油期货 ETF

德银原油基金 - PowerShares

<p>美国石油协会（API）的一项私人库存调查显示，原油库存减少了 340 万桶，超出预期。在地缘政治紧张局势下，尤其是关于美伊关系的紧张，原油市场保持稳定，近期有潜在军事行动和船只被扣押的报道。预计美国能源信息署（EIA）的官方报告将提供关于石油储存和市场状况的更全面数据</p>

<p>Huge draw ...</p>
<div class="lb-trans"><p>巨大的减产 ...</p>
</div><p><strong>Expectations</strong> I had seen centred on:</p>
<div class="lb-trans"><p><strong>预期</strong> 我看到的集中在：</p>
</div><ul>
<li>Headline crude -3.4 mn barrels</li>
<li>Distillates -1.3 mn bbls</li>
<li>Gasoline -2.1 mn</li>
</ul>
<div class="lb-trans"><ul>
<li>原油 -340 万桶</li>
<li>柴油 -130 万桶</li>
<li>汽油 -210 万桶</li>
</ul>
</div><p>---</p>
<div class="lb-trans"><p>---</p>
</div><p>Crude markets navigated a choppy session before settling broadly flat on Tuesday, with two late Wall Street Journal reports pulling benchmarks back toward their highs into the close.</p>
<div class="lb-trans"><p>原油市场在周二经历了一段波动的交易后，最终基本持平，两个晚间《华尔街日报》的报道将基准价格拉回到接近收盘时的高点。</p>
</div><p>The more consequential of the two pieces reported that mediators see little meaningful progress in US-Iran nuclear talks, with Tehran's negotiating position described as largely unchanged from earlier rounds that failed to produce a deal. WSJ sources also indicated that the United States and Israel had been actively preparing fresh strikes on Iran, with some suggesting military action could still come as early as next week. A separate WSJ report added that Washington had seized an Iran-linked vessel in the Indian Ocean overnight, marking at least the third tanker seizure tied to the crackdown on Iran's shadow fleet.</p>
<div class="lb-trans"><p>其中一则更重要的报道指出，调解人认为美伊核谈判没有实质性进展，德黑兰的谈判立场与之前未能达成协议的轮次基本 unchanged。WSJ 的消息来源还表示，美国和以色列一直在积极准备对伊朗的新一轮打击，有人暗示军事行动可能在下周早些时候就会发生。另一则 WSJ 报道补充说，华盛顿在印度洋扣押了一艘与伊朗有关的船只，这标志着与打击伊朗影子舰队相关的至少第三次油轮扣押。</p>
</div><p>Earlier in the session, a brief burst of upside followed reports of an explosion on Qeshm Island, though this was subsequently attributed to the disposal of unexploded munitions rather than any new military exchange, and the move faded accordingly.</p>
<div class="lb-trans"><p>在交易的早些时候，因卡什姆岛发生爆炸的报道引发了一阵短暂的上涨，尽管这后来被归因于处理未爆弹药，而不是任何新的军事交火，因此该走势随之消退。</p>
</div><p>The session's most significant headline had actually landed after Monday's settlement, when Trump confirmed he had called off a planned strike on Iran scheduled for Tuesday, citing requests from Saudi Arabia, the UAE and Qatar. He nonetheless kept the pressure on, warning Iran could face another hit within two to three days, and that a decision would be known &#34;very soon.&#34; Vice President Vance reinforced the binary framing, stating Iran faces a straightforward choice between reaching an agreement or resuming hostilities, while noting that meaningful progress had been made.</p>
<div class="lb-trans"><p>该交易时段最重要的消息实际上是在周一的结算后发布的，当时特朗普确认他已取消原定于周二对伊朗的打击，理由是沙特阿拉伯、阿联酋和卡塔尔的请求。尽管如此，他仍然施加压力，警告伊朗可能在两到三天内面临再次打击，并表示决定将 “很快” 公布。副总统范斯强调了二元框架，表示伊朗面临达成协议或恢复敌对行动的简单选择，同时指出已经取得了实质性进展。</p>
</div><p>WTI and Brent settled little changed, with ranges remaining contained by recent standards.</p>
<div class="lb-trans"><p>WTI 和布伦特原油价格变化不大，价格区间仍然受到近期标准的限制。</p>
</div><p>---</p>
<div class="lb-trans"><p>---</p>
</div><p>This data point is from a privately-conducted survey by the American Petroleum Institute (API).</p>
<div class="lb-trans"><p>这一数据点来自美国石油协会（API）进行的私人调查。</p>
</div><ul>
<li>It's a survey of oil storage facilities and companies</li>
<li>The official report is due Wednesday morning US time. Shut down permitting.</li>
</ul>
<div class="lb-trans"><ul>
<li>这是对石油储存设施和公司的调查</li>
<li>官方报告预计在美国时间周三早上发布。关闭许可。</li>
</ul>
</div><p>The two reports are quite different.</p>
<div class="lb-trans"><p>这两份报告有很大不同。</p>
</div><p>The official government data comes from the US Energy Information Administration (EIA)</p>
<div class="lb-trans"><p>官方政府数据来自美国能源信息署（EIA）</p>
</div><ul>
<li>Its based on data from the Department of Energy and other government agencies</li>
<li>Whereas information on total crude oil storage levels and variations from the previous week's levels are both provided by the API report, the EIA report also provides statistics on inputs and outputs from refineries, as well as other significant indicators of the status of the oil market, and storage levels for various grades of crude oil, such as light, medium, and heavy.</li>
<li>the EIA report is held to be more accurate and comprehensive than the survey from the API</li>
</ul>
<div class="lb-trans"><ul>
<li>基于能源部和其他政府机构的数据</li>
<li>而 API 报告提供的原油储存总水平及与前一周水平的变化信息，EIA 报告还提供了炼油厂的输入和输出统计数据，以及石油市场状态的其他重要指标，以及轻质、中质和重质原油的储存水平。</li>
<li>EIA 报告被认为比 API 的调查更准确和全面。</li>
</ul>
</div>

石油：私人库存调查显示，原油库存减少的幅度远超预期