<h2>关键点</h2>
<ul>
<li>随着中东地缘政治冲突的持续，全球石油库存每天都在小幅下降。</li>
</ul>
<ul>
<li>在石油库存处于 11 年低点的情况下，冲突的解决不会迅速恢复正常。</li>
</ul>
<ul>
<li>我们更看好的 10 只股票超过 Enterprise Products Partners ›</li>
</ul>
<p>全球石油市场是一个复杂的商业和资产网络，包括可用石油的数量。根据一些估计，全球石油储备处于 11 年低点。随着中东地缘政治冲突的持续，这一安全缓冲正在进一步被削弱。更糟糕的是，冲突结束后，石油市场可能需要数月才能恢复正常。在如此多的不确定性下，投资者可能希望在这些可靠的高股息股票中保持谨慎。</p>
<h2>今天投资石油股票的问题</h2>
<p>石油行业内部人士不断警告华尔街，中东冲突的影响并未完全反映在石油价格中。这就是 11 年低能源储备所突显的问题。投资者似乎没有注意到，石油价格在对地缘政治冲突的新闻反应中起伏不定。</p>
<p><em><strong>人工智能会创造出世界上第一个万亿富翁吗？</strong> 我们的团队刚刚发布了一份关于一家鲜为人知的公司报告，该公司被称为 “不可或缺的垄断”，提供 Nvidia 和 Intel 都需要的关键技术。<strong>继续 »</strong></em></p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2OTQ4Ny8yNV8wMl8wNi1hLXdhdGVyLXBhaWwtd2F0ZXJpbmctcGxhbnRzLWF0b3AtYS1yaXNpbmctc2VyaWVzLW9mLWNvaW4tcGlsZXMtbGVhZGluZy10by1hLXBpZ2d5LWJhbmtfLW1mLWRsb2FkZ2V0dHlpbWFnZXMtMTIzNjkwMzAzMS0xMjAweDgwMC01YjJkZjc5LmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2OTQ4Ny8yNV8wMl8wNi1hLXdhdGVyLXBhaWwtd2F0ZXJpbmctcGxhbnRzLWF0b3AtYS1yaXNpbmctc2VyaWVzLW9mLWNvaW4tcGlsZXMtbGVhZGluZy10by1hLXBpZ2d5LWJhbmtfLW1mLWRsb2FkZ2V0dHlpbWFnZXMtMTIzNjkwMzAzMS0xMjAweDgwMC01YjJkZjc5LmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<p>行业基本面最终可能会占据中心舞台，推动石油价格上涨。但同样可能的是，冲突仍然是主要驱动力，冲突结束后石油价格可能会下跌。因为投资者是高度情绪化的生物，所以没有办法知道。希望在能源领域获得曝光的长期投资者应该谨慎行事。</p>
<h2>买入中介公司</h2>
<p><strong>Enterprise Products Partners</strong>（NYSE: EPD）和 <strong>Enbridge</strong>（NYSE: ENB）都已经连续数十年每年增加股息。它们的收益率分别为 5.5% 和 4.8%。但故事中最好的部分是，石油价格对它们的财务结果并不是那么重要。石油需求通常在整个能源周期中都很强劲，才是真正推动业绩的因素。</p>
<p>Enterprise 和 Enbridge 是收费中介，帮助在全球范围内运输石油和天然气。它们对使用其能源基础设施资产（如管道）收取费用，因此无论石油价格如何，都能产生高度可靠的现金流。这些现金流支撑着这些企业支付的高额股息。如果你购买这两家中游巨头的股票，你可以专注于你的股息支票，而忽略石油价格的波动和不可预测的变化。</p>
<h2>Enterprise 和 Enbridge：良好的地理位置是另一个优势</h2>
<p>Enterprise 和 Enbridge 的另一个好处是它们在北美运营，远离中东冲突。因此，它们的运营没有受到影响。或者至少没有受到负面影响，因为冲突可能导致一些国家重新考虑能源安全，开始从美国和加拿大购买更多石油。这可能会在长期内为 Enterprise 和 Enbridge 带来更多业务，增加这些乏味的高收益能源投资的吸引力。</p>
<h2>现在应该购买 Enterprise Products Partners 的股票吗？</h2>
<p>在你购买 Enterprise Products Partners 的股票之前，请考虑以下几点：</p>
<p>_Motley Fool Stock Advisor_分析师团队刚刚确定了他们认为的 <strong>10 只最佳股票</strong> 供投资者现在购买……而 Enterprise Products Partners 并不在其中。入选的 10 只股票在未来几年可能会产生巨额回报。</p>
<p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你将拥有 477,813 美元</strong>！* 或者当 <strong>Nvidia</strong> 在 2005 年 4 月 15 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你将拥有 1,320,088 美元</strong>！*</p>
<p>现在值得注意的是，<em>Stock Advisor_的总平均回报率为 986%——相比之下，标准普尔 500 指数的回报率为 208%。** 不要错过最新的前 10 名单，加入由个人投资者为个人投资者建立的投资社区，获取_Stock Advisor</em>。**</p>
<p><strong>查看这 10 只股票 »</strong></p>
<p><em>*Stock Advisor 的回报截至 2026 年 5 月 25 日。</em></p>
<p><em>Reuben Gregg Brewer 在 Enbridge 持有头寸。Motley Fool 在 Enbridge 持有头寸并推荐 Enbridge。Motley Fool 推荐 Enterprise Products Partners。Motley Fool 有披露政策。</em></p>
<p>此处表达的观点和意见是作者的观点和意见，并不一定反映 Nasdaq, Inc.的观点。</p>

安桥

北美管道公司指数 - Tortoise

<p>全球石油库存降至 11 年来的最低水平，受到中东持续地缘政治冲突的加剧。投资者被建议保持谨慎，因为冲突的解决可能不会导致石油市场的快速复苏。像 Enterprise Products Partners 和 Enbridge 这样的中游公司，因其强劲的股息收益和稳定的现金流，在波动中被视为更安全的投资选择</p>

<h2>Key Points</h2>
<div class="lb-trans"><h2>关键点</h2>
</div><ul>
<li>Global oil inventories fall a little more every day the geopolitical conflict in the Middle East continues.</li>
</ul>
<div class="lb-trans"><ul>
<li>随着中东地缘政治冲突的持续，全球石油库存每天都在小幅下降。</li>
</ul>
</div><ul>
<li>With oil inventories at an 11-year low, a resolution to the conflict won't lead to a swift return to normal.</li>
</ul>
<div class="lb-trans"><ul>
<li>在石油库存处于 11 年低点的情况下，冲突的解决不会迅速恢复正常。</li>
</ul>
</div><ul>
<li>10 stocks we like better than Enterprise Products Partners ›</li>
</ul>
<div class="lb-trans"><ul>
<li>我们更看好的 10 只股票超过 Enterprise Products Partners ›</li>
</ul>
</div><p>The global oil market is a complex web of businesses and assets, including the amount of oil that is available. Global oil reserves are at an 11-year low, by some estimates. That safety cushion is being eroded further each day the geopolitical conflict in the Middle East continues. Worse, it could take months for the oil market to return to normal after the conflict ends. With so much uncertainty, investors may want to err on the side of caution with these reliable dividend stocks.</p>
<div class="lb-trans"><p>全球石油市场是一个复杂的商业和资产网络，包括可用石油的数量。根据一些估计，全球石油储备处于 11 年低点。随着中东地缘政治冲突的持续，这一安全缓冲正在进一步被削弱。更糟糕的是，冲突结束后，石油市场可能需要数月才能恢复正常。在如此多的不确定性下，投资者可能希望在这些可靠的高股息股票中保持谨慎。</p>
</div><h2>The problem with investing in oil stocks today</h2>
<div class="lb-trans"><h2>今天投资石油股票的问题</h2>
</div><p>Oil industry insiders keep warning Wall Street that the impact of the Middle East conflict isn't being fully reflected in oil prices. That's the issue highlighted by the 11-year low in energy reserves. Investors don't seem to be taking notice, as oil prices rise and fall in response to news about the geopolitical conflict.</p>
<div class="lb-trans"><p>石油行业内部人士不断警告华尔街，中东冲突的影响并未完全反映在石油价格中。这就是 11 年低能源储备所突显的问题。投资者似乎没有注意到，石油价格在对地缘政治冲突的新闻反应中起伏不定。</p>
</div><p><em><strong>Will AI create the world's first trillionaire?</strong> Our team just released a report on the one little-known company, called an &#34;Indispensable Monopoly&#34; providing the critical technology Nvidia and Intel both need. <strong>Continue »</strong></em></p>
<div class="lb-trans"><p><em><strong>人工智能会创造出世界上第一个万亿富翁吗？</strong> 我们的团队刚刚发布了一份关于一家鲜为人知的公司报告，该公司被称为 “不可或缺的垄断”，提供 Nvidia 和 Intel 都需要的关键技术。<strong>继续 »</strong></em></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2OTQ4Ny8yNV8wMl8wNi1hLXdhdGVyLXBhaWwtd2F0ZXJpbmctcGxhbnRzLWF0b3AtYS1yaXNpbmctc2VyaWVzLW9mLWNvaW4tcGlsZXMtbGVhZGluZy10by1hLXBpZ2d5LWJhbmtfLW1mLWRsb2FkZ2V0dHlpbWFnZXMtMTIzNjkwMzAzMS0xMjAweDgwMC01YjJkZjc5LmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F869487%2F25_02_06-a-water-pail-watering-plants-atop-a-rising-series-of-coin-piles-leading-to-a-piggy-bank_-mf-dloadgettyimages-1236903031-1200x800-5b2df79.jpg&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><p>It is possible that industry fundamentals will eventually grab center stage, pushing oil prices higher. But it is equally possible that the conflict remains the driving force, with an end to the conflict pushing oil prices lower. There's just no way to know, because investors are highly emotional creatures. So long-term investors who want exposure to the energy sector should probably tread with caution.</p>
<div class="lb-trans"><p>行业基本面最终可能会占据中心舞台，推动石油价格上涨。但同样可能的是，冲突仍然是主要驱动力，冲突结束后石油价格可能会下跌。因为投资者是高度情绪化的生物，所以没有办法知道。希望在能源领域获得曝光的长期投资者应该谨慎行事。</p>
</div><h2>Buy the middlemen</h2>
<div class="lb-trans"><h2>买入中介公司</h2>
</div><p><strong>Enterprise Products Partners</strong>(NYSE: EPD) and <strong>Enbridge</strong>(NYSE: ENB) have both increased their dividends annually for decades. They offer yields of 5.5% and 4.8%, respectively. But the best part of the story is that oil prices aren't really that important to their financial results. Demand for oil, which is usually strong through the entire energy cycle, is what really drives performance.</p>
<div class="lb-trans"><p><strong>Enterprise Products Partners</strong>（NYSE: EPD）和 <strong>Enbridge</strong>（NYSE: ENB）都已经连续数十年每年增加股息。它们的收益率分别为 5.5% 和 4.8%。但故事中最好的部分是，石油价格对它们的财务结果并不是那么重要。石油需求通常在整个能源周期中都很强劲，才是真正推动业绩的因素。</p>
</div><p>Enterprise and Enbridge are toll takers, helping to move oil and natural gas around the world. They charge fees for the use of their energy infrastructure assets, such as pipelines, resulting in highly reliable cash flows regardless of oil prices. Those cash flows are what back the lofty dividends these businesses pay. If you buy these two midstream giants, you can focus on your dividend checks and ignore the volatile and unpredictable swings in oil prices.</p>
<div class="lb-trans"><p>Enterprise 和 Enbridge 是收费中介，帮助在全球范围内运输石油和天然气。它们对使用其能源基础设施资产（如管道）收取费用，因此无论石油价格如何，都能产生高度可靠的现金流。这些现金流支撑着这些企业支付的高额股息。如果你购买这两家中游巨头的股票，你可以专注于你的股息支票，而忽略石油价格的波动和不可预测的变化。</p>
</div><h2>Enterprise and Enbridge: A good location is another plus</h2>
<div class="lb-trans"><h2>Enterprise 和 Enbridge：良好的地理位置是另一个优势</h2>
</div><p>Another bonus with Enterprise and Enbridge is that they operate in North America, far away from the Middle East conflict. So their operations aren't being impacted. Or at least not negatively impacted, since the conflict could cause some countries to rethink energy security and start buying more oil from the United States and Canada. And that would likely lead to more business for Enterprise and Enbridge over the long term, increasing the desirability of these boring, high-yield energy plays.</p>
<div class="lb-trans"><p>Enterprise 和 Enbridge 的另一个好处是它们在北美运营，远离中东冲突。因此，它们的运营没有受到影响。或者至少没有受到负面影响，因为冲突可能导致一些国家重新考虑能源安全，开始从美国和加拿大购买更多石油。这可能会在长期内为 Enterprise 和 Enbridge 带来更多业务，增加这些乏味的高收益能源投资的吸引力。</p>
</div><h2>Should you buy stock in Enterprise Products Partners right now?</h2>
<div class="lb-trans"><h2>现在应该购买 Enterprise Products Partners 的股票吗？</h2>
</div><p>Before you buy stock in Enterprise Products Partners, consider this:</p>
<div class="lb-trans"><p>在你购买 Enterprise Products Partners 的股票之前，请考虑以下几点：</p>
</div><p>The <em>Motley Fool Stock Advisor</em> analyst team just identified what they believe are the <strong>10 best stocks</strong> for investors to buy now… and Enterprise Products Partners wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.</p>
<div class="lb-trans"><p>_Motley Fool Stock Advisor_分析师团队刚刚确定了他们认为的 <strong>10 只最佳股票</strong> 供投资者现在购买……而 Enterprise Products Partners 并不在其中。入选的 10 只股票在未来几年可能会产生巨额回报。</p>
</div><p>Consider when <strong>Netflix</strong> made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, <strong>you’d have $477,813</strong>!* Or when <strong>Nvidia</strong> made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, <strong>you’d have $1,320,088</strong>!*</p>
<div class="lb-trans"><p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你将拥有 477,813 美元</strong>！* 或者当 <strong>Nvidia</strong> 在 2005 年 4 月 15 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你将拥有 1,320,088 美元</strong>！*</p>
</div><p>Now, it’s worth noting <em>Stock Advisor’s</em> total average return is 986% — a market-crushing outperformance compared to 208% for the S&amp;P 500. <strong>Don't miss the latest top 10 list, available with <em>Stock Advisor</em>, and join an investing community built by individual investors for individual investors.</strong></p>
<div class="lb-trans"><p>现在值得注意的是，<em>Stock Advisor_的总平均回报率为 986%——相比之下，标准普尔 500 指数的回报率为 208%。** 不要错过最新的前 10 名单，加入由个人投资者为个人投资者建立的投资社区，获取_Stock Advisor</em>。**</p>
</div><p><strong>See the 10 stocks »</strong></p>
<div class="lb-trans"><p><strong>查看这 10 只股票 »</strong></p>
</div><p><em>*Stock Advisor returns as of May 25, 2026.</em></p>
<div class="lb-trans"><p><em>*Stock Advisor 的回报截至 2026 年 5 月 25 日。</em></p>
</div><p><em>Reuben Gregg Brewer has positions in Enbridge. The Motley Fool has positions in and recommends Enbridge. The Motley Fool recommends Enterprise Products Partners. The Motley Fool has a disclosure policy.</em></p>
<div class="lb-trans"><p><em>Reuben Gregg Brewer 在 Enbridge 持有头寸。Motley Fool 在 Enbridge 持有头寸并推荐 Enbridge。Motley Fool 推荐 Enterprise Products Partners。Motley Fool 有披露政策。</em></p>
</div><p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p>
<div class="lb-trans"><p>此处表达的观点和意见是作者的观点和意见，并不一定反映 Nasdaq, Inc.的观点。</p>
</div>

Global Oil Inventories Are at an 11-Year Low and Getting Worse. Here's Where Investors Should Look Now.

nasdaq

Enterprise Products Partner

第一信托北美能源基础设施基金

油气开采 ETF - SPDR

美国石油设备与服务 ETF - iShares

基础设施指数 MLP ETF

能源基础设施 MLP ETF - GlobalX

MLP ETF - GlobalX

油气服务 ETF - Market Vectors

标普油气设备与服务 ETF - SPDR

英伟达

英特尔

奈飞

标普 500 指数

纳斯达克 OMX 交易所

NVIDIA Corporation

全球石油库存已降至 11 年来的最低水平，并且情况还在继续恶化。投资者现在应该关注哪些领域