<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/05/Crude-oil-pump-drilling.png?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://invezz.com/wp-content/uploads/2025/05/Crude-oil-pump-drilling.png"/></p>
<p>沙特阿拉伯，全球最大的石油出口國，準備連續第三個月下調其基準阿拉伯輕質原油對亞洲客户的價格，這反映了由於供應充足而導致的現貨市場價格普遍下跌的趨勢。</p>
<p>預計沙特阿拉伯旗艦阿拉伯輕質原油的官方銷售價格（OSP）將在 2 月份下調。</p>
<p>路透社對六家亞洲煉油來源的調查顯示，可能下跌 10 到 30 美分每桶。</p>
<p>調整預計將使溢價設定在阿曼/迪拜基準報價平均水平之上 30 到 50 美分。</p>
<p>這一變化反映了市場動態和亞洲地區的煉油需求。</p>
<p>這一下跌將代表連續第三個月的下降，進一步加深了 1 月份每桶 60 美分的溢價損失，而該溢價已經是五年來的最低水平。</p>
<p>根據最新市場調查，阿拉伯超輕質原油的 OSP 預計將在 2 月份下調。</p>
<p>預計這一下調將在每桶 10 到 20 美分的範圍內。</p>
<h2>重質原油的市場動態</h2>
<p>相比之下，阿拉伯中質和重質原油的前景則顯示出更大的穩定性。</p>
<p>調查顯示，阿拉伯中質和重質原油的 OSP 可能與上個月持平，或僅經歷小幅下調，最多可能下調 10 美分每桶。</p>
<p>這種不同原油等級 OSP 的差異變化反映了亞洲原油市場在即將到來的一個月中供需動態和感知質量溢價的不同。</p>
<p>現金迪拜在現貨市場上的溢價上週有所上升，結束了自十月以來的下跌，原因是供應充足。</p>
<p>本月，溢價平均為每桶 61 美分，較 11 月的 88 美分有所下降。</p>
<p>此外，這一平均水平現在是十月記錄的溢價的一半，突顯了近期的波動性和從高峰以來的下行趨勢。</p>
<h2>全球供應壓力與 OPEC+ 行動</h2>
<p>油價下行壓力直接源於全球原油供應的增加。</p>
<p>這種生產激增主要來自兩個來源。</p>
<p>首先，石油輸出國組織及其盟友，統稱為 OPEC+，故意提高了他們的產量。</p>
<p>這一策略通常旨在平衡市場或應對感知的需求增長。</p>
<p>其次，OPEC+ 聯盟之外的生產顯著增加，尤其是在美國。</p>
<p>這兩個主要生產集團的聯合增長使市場供應過剩，導致價格下跌。</p>
<p>OPEC+ 已暫時停止在 2026 年第一季度增加石油生產。</p>
<p>這一決定是在 2025 年 4 月以來，八個成員國向市場釋放了約 290 萬桶每天的原油之後做出的。</p>
<p>根據國際能源署最新的月度石油市場報告，預計到 2026 年，全球石油供應將超過需求 384 萬桶每天（bpd）。</p>
<p>與此同時，委內瑞拉石油出口的中斷對中東市場的影響微乎其微，因為該拉美生產國僅佔全球供應的約 1%。</p>
<p>其大部分原油運往中國的小型獨立煉油廠。</p>
<p>沙特阿美，這家國有石油巨頭，在考慮客户建議和評估其石油價值的月度變化後，決定其原油價格，這一價值是根據產品價格和產量計算的。</p>
<p>這些沙特原油 OSP 通常在每月的第五天發佈，影響伊朗、科威特和伊拉克原油的定價趨勢。</p>
<p>這一集體定價影響約 900 萬桶每天（bpd）運往亞洲的原油。</p>
<p>沙特阿拉伯將在供應過剩的情況下下調 2 月份對亞洲的原油價格的消息最早出現在 Invezz 上。</p>

<p>沙特阿拉伯計劃連續第三個月下調其對亞洲客户的基準阿拉伯輕質原油的 2 月份價格，這反映出由於供應充足，現貨市場價格呈下降趨勢。官方售價預計每桶下降 10 到 30 美分，溢價定在比阿曼/迪拜基準報價高出 30 到 50 美分。相比之下，重質原油的價格可能保持穩定或略有調整。此次價格下調歸因於 OPEC+ 及非 OPEC 來源的全球原油供應增加，導致供應相對於需求過剩</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/05/Crude-oil-pump-drilling.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/05/Crude-oil-pump-drilling.png"/></p>
<p>Saudi Arabia, the world’s largest oil exporter, is poised to cut the February price for its benchmark Arab Light crude for Asian customers for the third consecutive month, reflecting a broader trend of declining spot market prices driven by abundant supplies.</p>
<div class="lb-trans"><p>沙特阿拉伯，全球最大的石油出口國，準備連續第三個月下調其基準阿拉伯輕質原油對亞洲客户的價格，這反映了由於供應充足而導致的現貨市場價格普遍下跌的趨勢。</p>
</div><p>The official selling price (OSP) for Saudi Arabia’s flagship Arab Light crude is anticipated to decrease for February loadings.</p>
<div class="lb-trans"><p>預計沙特阿拉伯旗艦阿拉伯輕質原油的官方銷售價格（OSP）將在 2 月份下調。</p>
</div><p>A Reuters survey of six Asia-based refining sources suggests a potential fall of 10 to 30 cents per barrel.</p>
<div class="lb-trans"><p>路透社對六家亞洲煉油來源的調查顯示，可能下跌 10 到 30 美分每桶。</p>
</div><p>The adjustment is expected to set the premium at 30 cents to 50 cents above the average of the Oman/Dubai benchmark quotes.</p>
<div class="lb-trans"><p>調整預計將使溢價設定在阿曼/迪拜基準報價平均水平之上 30 到 50 美分。</p>
</div><p>This change reflects market dynamics and refining demand in the Asian region.</p>
<div class="lb-trans"><p>這一變化反映了市場動態和亞洲地區的煉油需求。</p>
</div><p>This decline would represent the third consecutive monthly drop, deepening losses from the January premium of 60 cents a barrel, which was already the lowest in five years.</p>
<div class="lb-trans"><p>這一下跌將代表連續第三個月的下降，進一步加深了 1 月份每桶 60 美分的溢價損失，而該溢價已經是五年來的最低水平。</p>
</div><p>The OSP for Arab Extra Light crude oil is anticipated to decrease in February, according to the latest market survey.</p>
<div class="lb-trans"><p>根據最新市場調查，阿拉伯超輕質原油的 OSP 預計將在 2 月份下調。</p>
</div><p>This decline is projected to be in the range of 10 to 20 cents per barrel.</p>
<div class="lb-trans"><p>預計這一下調將在每桶 10 到 20 美分的範圍內。</p>
</div><h2>Market dynamics for heavier grades</h2>
<div class="lb-trans"><h2>重質原油的市場動態</h2>
</div><p>In contrast, the outlook for the heavier grades, Arab Medium and Arab Heavy, suggests greater stability.</p>
<div class="lb-trans"><p>相比之下，阿拉伯中質和重質原油的前景則顯示出更大的穩定性。</p>
</div><p>The survey indicated that the OSPs for both Arab Medium and Arab Heavy crude may either remain unchanged from the previous month or experience only a marginal downward adjustment, potentially dipping by a maximum of 10 cents per barrel.</p>
<div class="lb-trans"><p>調查顯示，阿拉伯中質和重質原油的 OSP 可能與上個月持平，或僅經歷小幅下調，最多可能下調 10 美分每桶。</p>
</div><p>This differential movement in OSPs across the crude grades reflects varying supply-demand dynamics and perceived quality premiums in the Asian crude oil market for the upcoming month.</p>
<div class="lb-trans"><p>這種不同原油等級 OSP 的差異變化反映了亞洲原油市場在即將到來的一個月中供需動態和感知質量溢價的不同。</p>
</div><p>Cash Dubai’s premium over swaps in the spot market experienced a rise last week, recovering from a decline since October, attributed to ample supplies.</p>
<div class="lb-trans"><p>現金迪拜在現貨市場上的溢價上週有所上升，結束了自十月以來的下跌，原因是供應充足。</p>
</div><p>This month, the premium has averaged 61 cents per barrel, marking a decrease from November’s average of 88 cents.</p>
<div class="lb-trans"><p>本月，溢價平均為每桶 61 美分，較 11 月的 88 美分有所下降。</p>
</div><p>Furthermore, this average is now half of the premium recorded in October, highlighting the recent volatility and downward trend from its peak.</p>
<div class="lb-trans"><p>此外，這一平均水平現在是十月記錄的溢價的一半，突顯了近期的波動性和從高峰以來的下行趨勢。</p>
</div><h2>Global supply pressures and OPEC+ actions</h2>
<div class="lb-trans"><h2>全球供應壓力與 OPEC+ 行動</h2>
</div><p>The downward pressure on oil prices was a direct result of increased global crude supply.</p>
<div class="lb-trans"><p>油價下行壓力直接源於全球原油供應的增加。</p>
</div><p>This surge in production stemmed from two primary sources.</p>
<div class="lb-trans"><p>這種生產激增主要來自兩個來源。</p>
</div><p>Firstly, the Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, deliberately ramped up their output.</p>
<div class="lb-trans"><p>首先，石油輸出國組織及其盟友，統稱為 OPEC+，故意提高了他們的產量。</p>
</div><p>This strategy often aims to balance the market or respond to perceived demand growth.</p>
<div class="lb-trans"><p>這一策略通常旨在平衡市場或應對感知的需求增長。</p>
</div><p>Secondly, significant production increases occurred outside of the OPEC+ alliance, most notably within the US.</p>
<div class="lb-trans"><p>其次，OPEC+ 聯盟之外的生產顯著增加，尤其是在美國。</p>
</div><p>This combined growth from both major producing groups flooded the market, pushing prices lower due to the excess supply relative to global demand.</p>
<div class="lb-trans"><p>這兩個主要生產集團的聯合增長使市場供應過剩，導致價格下跌。</p>
</div><p>OPEC+ has temporarily halted increases in oil production for the first quarter of 2026.</p>
<div class="lb-trans"><p>OPEC+ 已暫時停止在 2026 年第一季度增加石油生產。</p>
</div><p>This decision follows the release of approximately 2.9 million barrels per day into the market by eight member countries since April 2025.</p>
<div class="lb-trans"><p>這一決定是在 2025 年 4 月以來，八個成員國向市場釋放了約 290 萬桶每天的原油之後做出的。</p>
</div><p>According to the International Energy Agency’s most recent monthly oil market report, the worldwide oil supply is projected to surpass demand by 3.84 million barrels per day (bpd) in 2026.</p>
<div class="lb-trans"><p>根據國際能源署最新的月度石油市場報告，預計到 2026 年，全球石油供應將超過需求 384 萬桶每天（bpd）。</p>
</div><p>Meanwhile, disruptions to Venezuelan oil exports have had a minimal impact on the Middle East market, as the Latin American producer accounts for only about 1% of global supply.</p>
<div class="lb-trans"><p>與此同時，委內瑞拉石油出口的中斷對中東市場的影響微乎其微，因為該拉美生產國僅佔全球供應的約 1%。</p>
</div><p>Most of its crude is shipped to smaller, independent refiners in China.</p>
<div class="lb-trans"><p>其大部分原油運往中國的小型獨立煉油廠。</p>
</div><p>Saudi Aramco, the state oil giant, determines its crude prices after considering customer recommendations and assessing the monthly change in the value of its oil, which is calculated based on product prices and yields.</p>
<div class="lb-trans"><p>沙特阿美，這家國有石油巨頭，在考慮客户建議和評估其石油價值的月度變化後，決定其原油價格，這一價值是根據產品價格和產量計算的。</p>
</div><p>These Saudi crude OSPs, typically released around the fifth of each month, influence the pricing trend for Iranian, Kuwaiti, and Iraqi crudes.</p>
<div class="lb-trans"><p>這些沙特原油 OSP 通常在每月的第五天發佈，影響伊朗、科威特和伊拉克原油的定價趨勢。</p>
</div><p>This collective pricing affects approximately 9 million barrels per day (bpd) of crude destined for Asia.</p>
<div class="lb-trans"><p>這一集體定價影響約 900 萬桶每天（bpd）運往亞洲的原油。</p>
</div><p>The post Saudi Arabia set to cut February crude prices for Asia amid supply glut appeared first on Invezz</p>
<div class="lb-trans"><p>沙特阿拉伯將在供應過剩的情況下下調 2 月份對亞洲的原油價格的消息最早出現在 Invezz 上。</p>
</div>

沙特阿拉伯計劃在供應過剩的情況下，下調二月份對亞洲的原油價格