<p>巨大的減產 ...</p>
<p><strong>預期</strong> 我看到的集中在：</p>
<ul>
<li>原油 -340 萬桶</li>
<li>柴油 -130 萬桶</li>
<li>汽油 -210 萬桶</li>
</ul>
<p>---</p>
<p>原油市場在週二經歷了一段波動的交易後，最終基本持平，兩個晚間《華爾街日報》的報道將基準價格拉回到接近收盤時的高點。</p>
<p>其中一則更重要的報道指出，調解人認為美伊核談判沒有實質性進展，德黑蘭的談判立場與之前未能達成協議的輪次基本 unchanged。WSJ 的消息來源還表示，美國和以色列一直在積極準備對伊朗的新一輪打擊，有人暗示軍事行動可能在下週早些時候就會發生。另一則 WSJ 報道補充説，華盛頓在印度洋扣押了一艘與伊朗有關的船隻，這標誌着與打擊伊朗影子艦隊相關的至少第三次油輪扣押。</p>
<p>在交易的早些時候，因卡什姆島發生爆炸的報道引發了一陣短暫的上漲，儘管這後來被歸因於處理未爆彈藥，而不是任何新的軍事交火，因此該走勢隨之消退。</p>
<p>該交易時段最重要的消息實際上是在週一的結算後發佈的，當時特朗普確認他已取消原定於週二對伊朗的打擊，理由是沙特阿拉伯、阿聯酋和卡塔爾的請求。儘管如此，他仍然施加壓力，警告伊朗可能在兩到三天內面臨再次打擊，並表示決定將 “很快” 公佈。副總統範斯強調了二元框架，表示伊朗面臨達成協議或恢復敵對行動的簡單選擇，同時指出已經取得了實質性進展。</p>
<p>WTI 和布倫特原油價格變化不大，價格區間仍然受到近期標準的限制。</p>
<p>---</p>
<p>這一數據點來自美國石油協會（API）進行的私人調查。</p>
<ul>
<li>這是對石油儲存設施和公司的調查</li>
<li>官方報告預計在美國時間週三早上發佈。關閉許可。</li>
</ul>
<p>這兩份報告有很大不同。</p>
<p>官方政府數據來自美國能源信息署（EIA）</p>
<ul>
<li>基於能源部和其他政府機構的數據</li>
<li>而 API 報告提供的原油儲存總水平及與前一週水平的變化信息，EIA 報告還提供了煉油廠的輸入和輸出統計數據，以及石油市場狀態的其他重要指標，以及輕質、中質和重質原油的儲存水平。</li>
<li>EIA 報告被認為比 API 的調查更準確和全面。</li>
</ul>

西方石油

美國近 12 月期原油期貨 ETF

德銀原油基金 - PowerShares

<p>美國石油協會（API）的一項私人庫存調查顯示，原油庫存減少了 340 萬桶，超出預期。在地緣政治緊張局勢下，尤其是關於美伊關係的緊張，原油市場保持穩定，近期有潛在軍事行動和船隻被扣押的報道。預計美國能源信息署（EIA）的官方報告將提供關於石油儲存和市場狀況的更全面數據</p>

<p>Huge draw ...</p>
<div class="lb-trans"><p>巨大的減產 ...</p>
</div><p><strong>Expectations</strong> I had seen centred on:</p>
<div class="lb-trans"><p><strong>預期</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 萬桶</li>
<li>柴油 -130 萬桶</li>
<li>汽油 -210 萬桶</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>原油市場在週二經歷了一段波動的交易後，最終基本持平，兩個晚間《華爾街日報》的報道將基準價格拉回到接近收盤時的高點。</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>其中一則更重要的報道指出，調解人認為美伊核談判沒有實質性進展，德黑蘭的談判立場與之前未能達成協議的輪次基本 unchanged。WSJ 的消息來源還表示，美國和以色列一直在積極準備對伊朗的新一輪打擊，有人暗示軍事行動可能在下週早些時候就會發生。另一則 WSJ 報道補充説，華盛頓在印度洋扣押了一艘與伊朗有關的船隻，這標誌着與打擊伊朗影子艦隊相關的至少第三次油輪扣押。</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>在交易的早些時候，因卡什姆島發生爆炸的報道引發了一陣短暫的上漲，儘管這後來被歸因於處理未爆彈藥，而不是任何新的軍事交火，因此該走勢隨之消退。</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>該交易時段最重要的消息實際上是在週一的結算後發佈的，當時特朗普確認他已取消原定於週二對伊朗的打擊，理由是沙特阿拉伯、阿聯酋和卡塔爾的請求。儘管如此，他仍然施加壓力，警告伊朗可能在兩到三天內面臨再次打擊，並表示決定將 “很快” 公佈。副總統範斯強調了二元框架，表示伊朗面臨達成協議或恢復敵對行動的簡單選擇，同時指出已經取得了實質性進展。</p>
</div><p>WTI and Brent settled little changed, with ranges remaining contained by recent standards.</p>
<div class="lb-trans"><p>WTI 和布倫特原油價格變化不大，價格區間仍然受到近期標準的限制。</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>這一數據點來自美國石油協會（API）進行的私人調查。</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>這是對石油儲存設施和公司的調查</li>
<li>官方報告預計在美國時間週三早上發佈。關閉許可。</li>
</ul>
</div><p>The two reports are quite different.</p>
<div class="lb-trans"><p>這兩份報告有很大不同。</p>
</div><p>The official government data comes from the US Energy Information Administration (EIA)</p>
<div class="lb-trans"><p>官方政府數據來自美國能源信息署（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>基於能源部和其他政府機構的數據</li>
<li>而 API 報告提供的原油儲存總水平及與前一週水平的變化信息，EIA 報告還提供了煉油廠的輸入和輸出統計數據，以及石油市場狀態的其他重要指標，以及輕質、中質和重質原油的儲存水平。</li>
<li>EIA 報告被認為比 API 的調查更準確和全面。</li>
</ul>
</div>

石油：私人庫存調查顯示，原油庫存減少的幅度遠超預期