<p>中東原油基準在週二上漲，Murban 原油保持在兩個月來的最高水平，得益於亞洲買家的強勁需求。</p>
<p>阿曼和迪拜上漲，而後者仍然處於負值。</p>
<p>週二油價保持穩定，投資者關注美國總統唐納德·特朗普對歐洲國家提高關税的威脅，因其推動收購格林蘭的計劃，而全球經濟增長預期的增強和來自中國的好於預期的經濟數據為價格提供了支撐。</p>
<p>新加坡現貨交易</p>
<p>現貨迪拜對掉期的溢價上漲 3 美分至每桶-8 美分。</p>
<table>
<thead>
<tr>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td>賣方 - 買方</td>
<td>價格 ($/桶)</td>
</tr>
<tr>
<td>PHILLIPS 66-MERCURIA</td>
<td>61.85</td>
</tr>
<tr>
<td>SHENGHONG-MERCURIA</td>
<td>61.85</td>
</tr>
<tr>
<td>VITOL-MERCURIA</td>
<td>61.85</td>
</tr>
<tr>
<td>EQUINOR-MERCURIA</td>
<td>61.85</td>
</tr>
<tr>
<td>BP-MERCURIA</td>
<td>61.85</td>
</tr>
<tr>
<td>VITOL-MITSUI</td>
<td>61.80</td>
</tr>
<tr>
<td>VITOL-MERCURIA</td>
<td>61.85</td>
</tr>
<tr>
<td>PHILLIPS 66-MERCURIA</td>
<td>61.85</td>
</tr>
<tr>
<td>HENGLI-MERCURIA</td>
<td>61.85</td>
</tr>
<tr>
<td>VITOL-MERCURIA</td>
<td>61.85</td>
</tr>
<tr>
<td>RELIANCE-MERCURIA</td>
<td>61.84</td>
</tr>
<tr>
<td>VITOL-MERCURIA</td>
<td>61.80</td>
</tr>
<tr>
<td>TRAFIGURA-MERCURIA</td>
<td>61.80</td>
</tr>
</tbody>
</table>
<p>價格 ($/桶)</p>
<table>
<thead>
<tr>
<th></th>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td></td>
<td>當前</td>
<td>上一交易日</td>
</tr>
<tr>
<td>GME 阿曼</td>
<td>62.22</td>
<td>62.20</td>
</tr>
<tr>
<td>GME 阿曼與迪拜差價</td>
<td>0.34</td>
<td>0.24</td>
</tr>
<tr>
<td>現貨迪拜</td>
<td>61.80</td>
<td>61.95</td>
</tr>
</tbody>
</table>
<p>新聞</p>
<p>中國的燃料油總進口在 2025 年下降，此前在 2024 年創下歷史新高，因進口税退税減少影響了獨立煉油廠的需求。</p>
<p>敍利亞石油公司負責人尤瑟夫·凱布拉維週一表示，殼牌公司已請求撤出阿爾奧馬爾油田，並將其股份轉讓給敍利亞國有運營商，但美國公司對該國的能源部門表現出興趣。</p>
<p>法國石油巨頭道達爾能源預計 2025 年第四季度的原油和液化天然氣銷售將下降，但下游業績將更強勁，因為更高的煉油利潤有助於抵消原油和液化天然氣價格的疲軟。</p>
<p>伊拉克將在 2 月份出口總計 223,000 桶/日，較上月增長 21%，路透社看到的裝船計劃顯示。</p>
<p>有關原油價格、石油產品裂解和煉油利潤的信息，請點擊下面的 RIC。</p>
<table>
<thead>
<tr>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td>布倫特</td>
<td>(BRENTSGMc1)</td>
</tr>
<tr>
<td>迪拜</td>
<td>(DUBSGSWMc2)</td>
</tr>
<tr>
<td>GME 阿曼</td>
<td>(OQc1)</td>
</tr>
<tr>
<td>布倫特/迪拜 EFS</td>
<td>(DUB-EFS-1M)</td>
</tr>
<tr>
<td>產品裂解</td>
<td></td>
</tr>
<tr>
<td>燃料油裂解</td>
<td>(FO180SGCKMc1)</td>
</tr>
<tr>
<td>柴油裂解</td>
<td>(GO10SGCKMc1)</td>
</tr>
<tr>
<td>石腦油裂解</td>
<td>(NAF-SIN-CRK)</td>
</tr>
<tr>
<td>汽油裂解</td>
<td>(GL92-SIN-CRK)</td>
</tr>
<tr>
<td>綜合煉油利潤</td>
<td>(REF/MARGIN1)</td>
</tr>
</tbody>
</table>

油氣服務 ETF - Market Vectors

能源業 ETF - Vanguard

美國 WTI 原油 ETF

油氣開採 ETF - SPDR

SHEL

能源業 ETF - SPDR

美國油氣勘探與生產 ETF - iShares

SHEH

標普全球能源股指數 ETF - iShares

<p>中東原油基準價格在週二上漲，穆爾班原油因亞洲買家的強勁需求接近兩個月高點。阿曼和迪拜的價格也有所上漲，儘管迪拜仍然處於負值。油價趨於穩定，投資者對美國關税威脅作出反應，同時中國的積極經濟數據支撐了價格。現金迪拜原油相對於掉期的溢價略有增加。此外，中國的燃料油進口在 2025 年下降，殼牌計劃退出阿爾 - 奧馬爾油田。道達爾預計 2025 年第四季度的原油和液化天然氣銷售將下降，但預計下游業務將表現更強勁</p>

<p>Middle East crude benchmarks increased on Tuesday, with Murban staying around the highest in two months, thanks to firm demand from Asian buyers.</p>
<div class="lb-trans"><p>中東原油基準在週二上漲，Murban 原油保持在兩個月來的最高水平，得益於亞洲買家的強勁需求。</p>
</div><p>Oman and Dubai gained, while the latter remained as negative.</p>
<div class="lb-trans"><p>阿曼和迪拜上漲，而後者仍然處於負值。</p>
</div><p>Oil prices were steady on Tuesday as investors monitored U.S. President Donald Trump's threats of higher tariffs on European states over his drive to acquire Greenland, while firmer global economic growth expectations and better-than-expected economic data from China gave a floor to prices.</p>
<div class="lb-trans"><p>週二油價保持穩定，投資者關注美國總統唐納德·特朗普對歐洲國家提高關税的威脅，因其推動收購格林蘭的計劃，而全球經濟增長預期的增強和來自中國的好於預期的經濟數據為價格提供了支撐。</p>
</div><p>SINGAPORE CASH DEALS</p>
<div class="lb-trans"><p>新加坡現貨交易</p>
</div><p>Cash Dubai's premium to swaps rose 3 cents to -8 cents a barrel.</p>
<div class="lb-trans"><p>現貨迪拜對掉期的溢價上漲 3 美分至每桶-8 美分。</p>
</div><table>
<thead>
<tr>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td>SELLER-BUYER</td>
<td>PRICE ($/BBL)</td>
</tr>
<tr>
<td>PHILLIPS 66-MERCURIA</td>
<td>61.85</td>
</tr>
<tr>
<td>SHENGHONG-MERCURIA</td>
<td>61.85</td>
</tr>
<tr>
<td>VITOL-MERCURIA</td>
<td>61.85</td>
</tr>
<tr>
<td>EQUINOR-MERCURIA</td>
<td>61.85</td>
</tr>
<tr>
<td>BP-MERCURIA</td>
<td>61.85</td>
</tr>
<tr>
<td>VITOL-MITSUI</td>
<td>61.80</td>
</tr>
<tr>
<td>VITOL-MERCURIA</td>
<td>61.85</td>
</tr>
<tr>
<td>PHILLIPS 66-MERCURIA</td>
<td>61.85</td>
</tr>
<tr>
<td>HENGLI-MERCURIA</td>
<td>61.85</td>
</tr>
<tr>
<td>VITOL-MERCURIA</td>
<td>61.85</td>
</tr>
<tr>
<td>RELIANCE-MERCURIA</td>
<td>61.84</td>
</tr>
<tr>
<td>VITOL-MERCURIA</td>
<td>61.80</td>
</tr>
<tr>
<td>TRAFIGURA-MERCURIA</td>
<td>61.80</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td>賣方 - 買方</td>
<td>價格 ($/桶)</td>
</tr>
<tr>
<td>PHILLIPS 66-MERCURIA</td>
<td>61.85</td>
</tr>
<tr>
<td>SHENGHONG-MERCURIA</td>
<td>61.85</td>
</tr>
<tr>
<td>VITOL-MERCURIA</td>
<td>61.85</td>
</tr>
<tr>
<td>EQUINOR-MERCURIA</td>
<td>61.85</td>
</tr>
<tr>
<td>BP-MERCURIA</td>
<td>61.85</td>
</tr>
<tr>
<td>VITOL-MITSUI</td>
<td>61.80</td>
</tr>
<tr>
<td>VITOL-MERCURIA</td>
<td>61.85</td>
</tr>
<tr>
<td>PHILLIPS 66-MERCURIA</td>
<td>61.85</td>
</tr>
<tr>
<td>HENGLI-MERCURIA</td>
<td>61.85</td>
</tr>
<tr>
<td>VITOL-MERCURIA</td>
<td>61.85</td>
</tr>
<tr>
<td>RELIANCE-MERCURIA</td>
<td>61.84</td>
</tr>
<tr>
<td>VITOL-MERCURIA</td>
<td>61.80</td>
</tr>
<tr>
<td>TRAFIGURA-MERCURIA</td>
<td>61.80</td>
</tr>
</tbody>
</table>
</div><p>PRICES ($/BBL)</p>
<div class="lb-trans"><p>價格 ($/桶)</p>
</div><table>
<thead>
<tr>
<th></th>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td></td>
<td>CURRENT</td>
<td>PREV SESSION</td>
</tr>
<tr>
<td>GME OMAN</td>
<td>62.22</td>
<td>62.20</td>
</tr>
<tr>
<td>GME OMAN DIFF TO DUBAI</td>
<td>0.34</td>
<td>0.24</td>
</tr>
<tr>
<td>CASH DUBAI</td>
<td>61.80</td>
<td>61.95</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th></th>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td></td>
<td>當前</td>
<td>上一交易日</td>
</tr>
<tr>
<td>GME 阿曼</td>
<td>62.22</td>
<td>62.20</td>
</tr>
<tr>
<td>GME 阿曼與迪拜差價</td>
<td>0.34</td>
<td>0.24</td>
</tr>
<tr>
<td>現貨迪拜</td>
<td>61.80</td>
<td>61.95</td>
</tr>
</tbody>
</table>
</div><p>NEWS</p>
<div class="lb-trans"><p>新聞</p>
</div><p>China's total fuel oil imports fell in 2025 after hitting a record high in 2024, as lower import tax rebates weighed on demand from independent refineries.</p>
<div class="lb-trans"><p>中國的燃料油總進口在 2025 年下降，此前在 2024 年創下歷史新高，因進口税退税減少影響了獨立煉油廠的需求。</p>
</div><p>The head of the Syrian Petroleum Company, Youssef Qeblawi, said on Monday that oil major Shell  had asked to withdraw from the al-Omar oilfield and transfer its share to Syria's state-owned operators but that U.S. companies were interested in the country's energy sector.</p>
<div class="lb-trans"><p>敍利亞石油公司負責人尤瑟夫·凱布拉維週一表示，殼牌公司已請求撤出阿爾奧馬爾油田，並將其股份轉讓給敍利亞國有運營商，但美國公司對該國的能源部門表現出興趣。</p>
</div><p>French oil major TotalEnergies  expects lower oil and liquefied natural gas sales in the fourth quarter of 2025, but stronger downstream results, as higher refining margins help offset weaker crude and LNG prices.</p>
<div class="lb-trans"><p>法國石油巨頭道達爾能源預計 2025 年第四季度的原油和液化天然氣銷售將下降，但下游業績將更強勁，因為更高的煉油利潤有助於抵消原油和液化天然氣價格的疲軟。</p>
</div><p>Iraq will export a total of 223,000 barrels per day in February, up by 21% on the month, loading programmes seen by Reuters show.</p>
<div class="lb-trans"><p>伊拉克將在 2 月份出口總計 223,000 桶/日，較上月增長 21%，路透社看到的裝船計劃顯示。</p>
</div><p>For crude prices, oil product cracks and refining margins, please click on the RICs below.</p>
<div class="lb-trans"><p>有關原油價格、石油產品裂解和煉油利潤的信息，請點擊下面的 RIC。</p>
</div><table>
<thead>
<tr>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td>Brent</td>
<td>(BRENTSGMc1)</td>
</tr>
<tr>
<td>Dubai</td>
<td>(DUBSGSWMc2)</td>
</tr>
<tr>
<td>GME Oman</td>
<td>(OQc1)</td>
</tr>
<tr>
<td>Brent/Dubai EFS</td>
<td>(DUB-EFS-1M)</td>
</tr>
<tr>
<td>PRODUCT CRACKS</td>
<td></td>
</tr>
<tr>
<td>Fuel oil crack</td>
<td>(FO180SGCKMc1)</td>
</tr>
<tr>
<td>Gasoil crack</td>
<td>(GO10SGCKMc1)</td>
</tr>
<tr>
<td>Naphtha crack</td>
<td>(NAF-SIN-CRK)</td>
</tr>
<tr>
<td>Gasoline crack</td>
<td>(GL92-SIN-CRK)</td>
</tr>
<tr>
<td>Complex refining margins</td>
<td>(REF/MARGIN1)</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td>布倫特</td>
<td>(BRENTSGMc1)</td>
</tr>
<tr>
<td>迪拜</td>
<td>(DUBSGSWMc2)</td>
</tr>
<tr>
<td>GME 阿曼</td>
<td>(OQc1)</td>
</tr>
<tr>
<td>布倫特/迪拜 EFS</td>
<td>(DUB-EFS-1M)</td>
</tr>
<tr>
<td>產品裂解</td>
<td></td>
</tr>
<tr>
<td>燃料油裂解</td>
<td>(FO180SGCKMc1)</td>
</tr>
<tr>
<td>柴油裂解</td>
<td>(GO10SGCKMc1)</td>
</tr>
<tr>
<td>石腦油裂解</td>
<td>(NAF-SIN-CRK)</td>
</tr>
<tr>
<td>汽油裂解</td>
<td>(GL92-SIN-CRK)</td>
</tr>
<tr>
<td>綜合煉油利潤</td>
<td>(REF/MARGIN1)</td>
</tr>
</tbody>
</table>
</div>

中東原油基準價格上漲；Murban 原油價格接近兩個月來的高點